What is the average take-home salary in South Africa?
The BankServ Africa Take-home Pay Index (BTPI) shows the average salary for February was R15,517 on a seasonally adjusted basis in real terms.
This is in line with the revised BTPI base, adapted to the CPI in December 2021. The nominal average take-home pay was 1.3% up and reached R16,022 in February 2022
What is a good take-home salary in South Africa?
The index recorded a rise in the average nominal take-home pay, which now sits at R15,542 – up 7.1% from R14,925 in November 2021.
Real take-home pay was up 1.6% at an average of R12,463. Year on year, however, in nominal terms, take-home pay remains unchanged.
What is middle class salary in South Africa?
The stats from FNB suggest that the average middle-income consumer, earning between R180,000 and R500,000 a year, survives on 20% of their monthly salary for more than 20 days in a month.
What is a comfortable salary in South Africa?
The national average monthly salary in South Africa ranges from a minimum wage of 7,880 ZAR per month (USD 511) to a maximum average salary of 139,000 ZAR per month (USD 9007.)
However, the actual maximum salary can be higher based on an employee’s experience, educational qualification, etc.
What is a basic salary in South Africa?
Minimum Wages in South Africa averaged 21.41 ZAR/Hour from 2019 until 2022, reaching an all time high of 23.19 ZAR/Hour in 2022 and a record low of 20 ZAR/Hour in 2019.
This page provides – South Africa Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.
A person working in South Africa typically earns around 31,100 ZAR per month.
Salaries range from 7,880 ZAR (lowest average) to 139,000 ZAR (highest average, actual maximum salary is higher). This is the average monthly salary including housing, transport, and other benefits.
The average monthly salary for South Africans who were employed in the formal non-agricultural sector was close to 24 thousand South African rands (comparable to roughly 1.64 thousand U.S. dollars) in November 2021, which represented a yearly increase of 3.9 percent.