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Take-home pay in South Africa has reached its highest point in record time, with the latest BankservAfrica Take-home Pay Index (BTPI) hitting over R17,000 for the first time since inception.
This is a result of continued upward momentum in pay this year, with the average disposable income recorded in September 2024 now at R17,171 – 10.2% higher than the R15,586 recorded in September 2023.
In real terms, adjusted for inflation, the average take-home pay is now at R14,969 – up 5.6% year-on-year from R14,173.