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JOHANNESBURG – CareerJunction, one of the best job sites in South Africa, has just released its salary review for 2018, which examines average wage offers in South Africa's top 10 sectors.
According to the study, wages have only increased by 3% year-over-year, which corresponds to the salary increases planned for 2018 by the American company PayScale in its 2018 report on best compensation practices. .
According to StatsSA, the annual inflation rate for October 2018 is 2 points higher at 5.1%.
While South Africa has seen an increase in the cost of many consumer staples and services over the past year, wage increases seem to be falling behind, forcing South Africans to tap more into their jobs. pockets.
The low rate of wage increases puts a strong strain on household spending.
Food prices alone have grown at an average annual rate of 7.1%, while electricity and fuel prices have risen by 13.8% annually over the last nine years.
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