The average take-home pay in South Africa ended 2022 on a sour note.
The South African Reserve Bank (SARB) has announced the testing of a new method of dealing with digital transactions - without a bank account.
Economic activity ticked up for South Africa over December - but don't expect it to last.
Take-home pay in South Africa increased for the third consecutive month.
South Africa's economy is already showing signs of a strained fourth quarter.
The average nominal take-home pay reflected a marginal uptick in September 2022 while fewer salaries were paid during the month, suggesting some job losses in the struggling economy, according to the latest data in the BankservAfrica Take-home Pay Index.
September data points to an economy buckling under mounting pressure, as economic activity entered a fourth consecutive month of decline, says BankservAfrica.
Take-home pay recovered marginally in August, as salaries data continue to suggest some more job creation, according to the latest BankservAfrica Take-home Pay Index, out Wednesday (28 September). The impact from the rising inflation should start to mo...
The monthly BankservAfrica Economic Transactions Index (BETI), a fast indicator of underlying economic trends in the South African economy, tracked lower levels in August, mirroring the challenging economic environment.
Average salaries in July have taken a knock due to soaring inflation, however, early indications and data from the monthly BankservAfrica Take-Home Pay Index (BTPI) offer some good news for South Africans.