25-06-2025
South Africans Feel the Pinch as Take-Home Pay Drops Again
South Africans real take-home pay declined by 1.1% in May from the previous month, according to BankservAfrica.
The drop marked the third consecutive monthly decline in consumer salaries, reflecting the strain of a sluggish local economy and mounting global volatility, the Johannesburg-based lender said in a statement on Wednesday. Its data tracks about 3.8 million salary earners in South Africa.
