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Inflation eating into SA's disposable salaries

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Cape Town - Real disposable salaries have declined for the fifth month in a row and by 2.6% on a year-on-year basis, according to the BankservAfrica Disposable Salary Index (BDSI) for October.

Real salaries are at levels similar to October 2013, indicating that the average salary has not been able to beat inflation in the last three years.

The nominal year-on-year difference for average South African take-home salaries increased by 3.5%.
 
“This is the longest period of decline on BankservAfrica’s records for real disposable salaries data,” said Dr Caroline Belrose, head of knowledge and risk services at BankservAfrica.

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