South Africa’s 2024 Wage Growth – What the Increase in Average Salaries Means for Workers
In 2024, South African workers received encouraging news as average monthly salaries rose significantly. By June 2024, salaries reached R27,450, marking a 2.5% quarterly increase and a 4.8% year-on-year rise compared to June 2023. This growth offers financial stability to employed individuals despite broader economic challenges like high inflation and unemployment. The increase is particularly … Read more