The average disposable salary in SA is R12 989 (and growing by 6.6% per year)

Average salary growth declined slightly to 6.6% as the large back pay of civil servant salary increases abated, according to the BankservAfrica Disposable Salary Index (BDSI).

The average disposable salary for September was R12 989; about R120 lower than August.

The Money Show’s Bruce Whitfield interviewed Mike Schussler, Chief Economist at Economists.co.za.

Scroll down for quotes from the audio below.

The formal sector’s return on assets is currently less than 6%.

Mike Schussler, Chief Economist at Economists.co.za

The formal sector grew by less than a percent in the past year.

Mike Schussler, Chief Economist at Economists.co.za

Now is not the best time to quit your job.

Mike Schussler, Chief Economist at Economists.co.za

We think there’s a good chance South Africa is in a technical recession.

Mike Schussler, Chief Economist at Economists.co.za

We’ve had four years of economic growth at or below our population growth rate.

Mike Schussler, Chief Economist at Economists.co.za

The median salary is moving close to R10 000 per month. That’s up 8%.

Mike Schussler, Chief Economist at Economists.co.za

With the exception of sectors such as domestic work and agriculture, the majority of salaried workers in South Africa are doing well.

Mike Schussler, Chief Economist at Economists.co.za

Subscribe to our Business Wrap Newsletter


702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Black Friday… there are scams and lures everywhere!

Black Friday… there are scams and lures everywhere!

The Money Show’s Bruce Whitfield interviews Personal Finance Consultant Samke Ngwenya.

White males in W Cape the most successful tech start-up founders – survey

White males in W Cape the most successful tech start-up founders – survey

Black women, however, are more likely to run a start-up than white women. Bruce Whitfield interviews Ventureburn's Stephen Timm.

Succession planning 101 (or how transfer power from one generation to the next)

Succession planning 101 (or how transfer power from one generation to the next)

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.

'The South African stock market is massively hedged against a weak rand'

'The South African stock market is massively hedged against a weak rand'

The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.

Should you buy Naspers shares? They’re making many people very rich…

Should you buy Naspers shares? They’re making many people very rich…

Naspers is up about 100%, so far, this year. Bruce Whitfield interviews Just One Lap Financial Educator Simon Brown.

Do you really earn peanuts? Use this handy salary comparison calculator

Do you really earn peanuts? Use this handy salary comparison calculator

Use this calculator to compare your salary to the world average and averages of 72 countries (including South Africa).

Popular articles
So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Shop 'til you drop: The top 'Black Friday' deals this week

Shop 'til you drop: The top 'Black Friday' deals this week

Start your Christmas shopping off with a bang at these major retailers offering some impressive discounted sales for Black Friday.

Pamela Nomvete on her downfalls as actress, and 'climbing back'

Pamela Nomvete on her downfalls as actress, and 'climbing back'

This week Xolani Gwala's speaks to former Generations actor Pamela Nomvete for #WhatInTheWorldHappenedTo feature.

How Naspers paid peanuts for Tencent (China’s most valuable company)

How Naspers paid peanuts for Tencent (China’s most valuable company)

In 2001 Naspers invested $32 million in (then tiny) Tencent. Learn more about the wildly profitable Chinese behemoth...

'The university degree is dead'

'The university degree is dead'

Flux Trends founder Dion Chang gives five reasons why he believes getting a degree is past its sell by date.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?