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Inflation erodes salary gains as South Africans' purchasing power hits two-year low

The PayInc Net Salary Index shows a slight increase in nominal salaries for June 2026, but inflation continues to erode purchasing power, leaving South African households under financial strain

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iol.co.zaStai leggendo1 g fa

Inflation erodes salary gains as South Africans' purchasing power hits two-year low

The PayInc Net Salary Index shows a slight increase in nominal salaries for June 2026, but inflation continues to erode purchasing power, leaving South African households under financial strain

originale

businessday.co.za1 g fa

SA salaries are rising but inflation is wiping out the gains

PayInc says average take-home pay down 3.6% from a year ago in real terms, with more pain to come as inflation rockets to 5%

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Timeline cronologica

mercoledì 22 luglio 2026·iol.co.za
Inflation climbs to 5%, putting pressure on South African consumers
The cost of living in June was higher than expected, moving to levels last seen two years ago.
giovedì 23 luglio 2026·businessday.co.za
SA salaries are rising but inflation is wiping out the gains
PayInc says average take-home pay down 3.6% from a year ago in real terms, with more pain to come as inflation rockets to 5%

Inflation erodes salary gains as South Africans' purchasing power hits two-year low

SA salaries are rising but inflation is wiping out the gains

Timeline cronologica

Inflation climbs to 5%, putting pressure on South African consumers

SA salaries are rising but inflation is wiping out the gains

South Africans are earning more, so why does it feel like less?

Inflation erodes salary gains as South Africans' purchasing power hits two-year low