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Take-home pay slides for the third month as job opportunities and earnings outlook remain grim
Cape Times
|June 26, 2025
THE nominal average take-home pay declined to R17 296 in May, 1.3% lower than the previous month as job opportunities and earnings outlook remain grim, according to the latest BankservAfrica Take-home Pay Index (BTPI).
The index tracks approximately 3.8 million salary earners in South Africa.
However, this figure remained significantly higher than the R15 903 recorded in May 2024.
This was third consecutive month that take-home pay slowed reflecting the impact of a subdued economic environment with stalled growth in quarter and a weakening global outlook, currently fuelled by the heightened volatility in the Middle East.
Elize Kruger, an independent economist, said, “The upward trend in take-home pay from mid-2024 to early 2025 has been a positive development. However, recent months reflect a U-turn, with 2025 proving to be a volatile year so far - marked by multiple global shocks accompanied by a good dose of local challenges."
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