South Africans earn more but are losing spending power
While the average take-home salary increased in June, rising inflation and higher living costs have wiped out those gains, leaving workers with the weakest purchasing power in about two years.
The recent pay index shows that households are not getting nominal salary increases, and inflation at 5% really eats into your buying power.
The pay index reveals that people are receiving very small nominal salary increases, while inflation of 5% is eroding their buying power.
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