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BL Premium reports that despite a favourable inflation backdrop, SA salary earners experienced another dip in take-home pay in April 2025, marking the second consecutive month of decline amid mounting global and domestic uncertainty. However, 2025 is still on track to deliver a second year of real wage growth.
According to the latest BankservAfrica Take-home Pay Index (BTPI), the average nominal take-home pay declined by 2.0% month-on-month to R17,495 in April, down from R17,846 in March. Despite this drop, nominal salaries remained 13.8% higher than the R15,370 recorded a year ago, highlighting the recovery that began in mid-2024. Adjusted for inflation, real take-home pay fell 2.2% to R15,005 in April, down from R15,344 in March. However, it still reflected a 10.6% year-on-year gain. “The significant moderation in consumer inflation during 2024 has had a positive impact on the purchasing power of salary earners and the scenario is continuing into 2025, with the latest headline CPI figure at only 2.8% for April,” independent economist Elize Kruger noted. Headline inflation is forecast to average 3.4% in 2025, down from 4.4% in 2024, which will make it the lowest annual rate since 2020.
- Read the full original of the report in the above regard by Jana Marx at BusinessLive (subscriber access only)
- Read too, Salaries decreased by 2% in April, but higher than a year ago, at The Citizen
Get other news reports at the SA Labour News home page