2024 South African salaries rise 10% to R15,888 due to improved business environment and no load shedding.
In May 2024, South African salaries recovered slightly, with the average nominal salary reaching R15,888, a 10% improvement from a year ago. The improved business environment, due to no load shedding in the past three months, has positively influenced companies' ability to pay higher salary increases in 2024. However, salaries are still below February and March levels. If sustained, this growth could make 2024 a better year for salaries.
June 26, 2024
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