According to the BTPI data, South Africa\u2019s take-home pay has stayed between R12,000 \u2013 R13,150 over the last 25 months, indicating salaries in the formal sector have not changed drastically over the years.<\/p>\n In the last four months, the typical pay has remained below R11,000. Furthermore, the real typical pay in October 2021 reflected the highest decline since 2018.<\/p>\n This trend suggests South Africa has lost many high-salary jobs and that salaries for high earners in the civil service or private sector industries have not adjusted for the inflation increases.<\/p>\n \u201cWe expect this trend to reverse from November 2021 to January 2022 when the seasonal bonuses are paid. But, we will need to wait well into the new year to see if this reflects in the data,” said Sch\u00fcssler.<\/p>\n Meanwhile, for the second consecutive month, private pensions increased under 10% in nominal terms. The real growth remained above 4% on a year ago, according to the BankservAfrica Private Pensions Index (BPPI).<\/p>\n \u201cAfter ten months of real private pensions rising well above 5%, the last two months have seen increases below 5% in real terms. The rising inflation level and lower number of pensioners \u2013 with less than R247,500 in their banked private pensions \u2013 may be the reasons for this,\u201d Sch\u00fcssler said.<\/p>\n Importantly, it appears the number of pensioners measured in the BPPI continues to be over 650,000. There have also been four months of the actual number of pensioners increasing (despite no real extra payments as seen in February 2021).<\/p>\n A comparison of the BTPI and BPPI for 2019 \u2013 2021<\/strong><\/p>\n![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2021\/11\/BankservAfrica.png\")
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