Shergeran Naidoo is the head of stakeholder engagements at BankservAfrica where he is responsible for engaging with key stakeholders and driving initiatives to promote the organisation’s sustainability.
Naidoo is an accomplished executive with extensive experience in the business development, corporate governance, financial management, and legal arenas.
In this episode of Business Talk, Naidoo discusses the latest BankservAfrica Take-home Pay Index, which shows that salaries and wages in South Africa are slowly returning to pre-pandemic levels.
He also provides insight into the impact of the third wave of Covid-19, which is likely to reflect in the data in the coming months.
With the rising cost of living in South Africa – thanks to fuel hikes, food price increases and electricity well above inflation – the needle on take-home pay in the country has hardly moved over the last 4-5 years.
This is concerning as the average working individual is poorer today than several years ago, which will impact economic activity, he says.
The full interview is embedded below. You can find all the Business Talk with Michael Avery interviews here.