Cpi Salary Increase 2024 South Africa. Based on the latest average salary data from statistics south africa (statssa), the average salary is now r24,813 a month or r297,756 annually. Angola takes the top spot, forecasting an 8.2% salary budget increase, while mauritius is reporting just 4.4%.
In 2023 the minimum wage was revised to r25.42 per hour. Most employed south africans receive an annual salary increase which is meant to enable an employee to keep up with the cost of living.
Most Employed South Africans Receive An Annual Salary Increase Which Is Meant To Enable An Employee To Keep Up With The Cost Of Living.
South africa’s public servants across national and provincial departments will receive a 4.7% salary increase effective 1 april 2024.
Expectations For 2023 Rose From 5.9% To 6.1%, And For 2024, It Increased From 5.3% To 5.6%.
Angola takes the top spot, forecasting an 8.2% salary budget increase, while mauritius is reporting just 4.4%.
Cpi Salary Increase 2024 South Africa Images References :
Still, It Remains Above The Central Bank's Preferred Target Of 4.5%.
In 2023 the minimum wage was revised to r25.42 per hour.
The Rate Has Held Its Ground Between 5% And 6% Since September 2023.
The most commonly known inflation figure is the headline consumer price index (cpi) inflation rate as this is the figure quoted in the media when statistics south africa (stats sa) releases their monthly.