{"id":652085,"date":"2022-12-15T11:31:18","date_gmt":"2022-12-15T09:31:18","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=652085"},"modified":"2022-12-15T11:31:18","modified_gmt":"2022-12-15T09:31:18","slug":"this-is-the-average-salary-in-south-africa-right-now-8","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/wealth\/652085\/this-is-the-average-salary-in-south-africa-right-now-8\/","title":{"rendered":"This is the average salary in South Africa right now"},"content":{"rendered":"<p>Stats SA has published its quarterly employment survey (QES) for the third quarter of the year ending September 2022.<\/p>\n<p>According to the data, <strong>the average salary in South Africa is now R24,813 a month<\/strong>, up marginally (0.6%) from the previous quarter, where it was R24,668, and up 3.8% from the third quarter of 2021 at R23,908.<\/p>\n<p>Recent data published by The University of Cape Town\u2019s Liberty Institute of Strategic Marketing showed that a household needs to earn around R22,000 to be considered middle class in South Africa.<\/p>\n<p>This would mean that the average formally-employed non-agricultural worker in the country would fit into that class category. It also aligns with data from FNB, which paints a broader definition of someone earning between R15,000 and R40,000 a month.<\/p>\n<p>Data from <a href=\"https:\/\/businesstech.co.za\/news\/finance\/651277\/the-average-take-home-pay-in-south-africa-right-now-16\/\">BankservAfrica<\/a> for October shows that the average <strong>take-home pay in South Africa is R15,489<\/strong> &#8211; the highest level since the R15,670 high reached in February 2022.<\/p>\n<p><strong>Total pay<\/strong><\/p>\n<p>Total gross earnings paid to employees increased by R11.1 billion or 1.4% from R789.4 billion in June 2022 to R800.5 billion in September 2022.<\/p>\n<p>This was largely due to increases in business services, mining, trade, manufacturing and electricity, Stats SA said.<\/p>\n<p>However, there were decreases in transport, construction and community services.<\/p>\n<p>The year-on-year total gross earnings increased by R17.5 billion or 2.2% between September 2021 and September 2022.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-652099\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2022\/12\/Total-pay-Q3-2022.jpg\" alt=\"\" width=\"883\" height=\"327\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2022\/12\/Total-pay-Q3-2022.jpg 883w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2022\/12\/Total-pay-Q3-2022-300x111.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2022\/12\/Total-pay-Q3-2022-768x284.jpg 768w\" sizes=\"auto, (max-width: 883px) 100vw, 883px\" \/><\/p>\n<p>Basic salary\/wages paid to employees increased by R12.0 billion or 1,7% from R719.2 billion in June 2022 to R731.2 billion in September 2022. The year-on-year basic salary\/wages increased by R17.8 billion or 2.5% between September 2021 and September 2022.<\/p>\n<p>The QES data reflects the number of people receiving salaries and does not reflect employment\/unemployment trends, which are covered by the Quarterly Labour Force Survey (QLFS).<\/p>\n<p>According to the QES, total employment increased by 10,000 or 0.1% quarter-on-quarter, from 9,974,000 in June 2022 to 9,984,000 in September 2022.<\/p>\n<p>This was largely due to increases in the following industries:<\/p>\n<ul>\n<li>Business services (31,000 or 1.3%);<\/li>\n<li>Trade (10,000 or 0.5%);<\/li>\n<li>Construction (8,000 or 1.5%);<\/li>\n<li>Mining (5,000 or 1.0%);<\/li>\n<li>Transport (4,000 or 1.0%); and<\/li>\n<li>Manufacturing (1,000 or 0.1%).<\/li>\n<\/ul>\n<p>The electricity industry reported no quarterly change. However, the community services industry reported a quarterly decrease of 49,000 employees or -1.7%, Stats SA said.<\/p>\n<p>Total employment increased by 31,000 or 0.3% year-on-year between September 2021 and September 2022.<\/p>\n<p>Meanwhile, the QLFS shows that the country gained 204,000 between the second and third quarters of 2022, with the total number of persons employed up 1.3% to 15.8 million people.<\/p>\n<p>The official unemployment rate decreased by 1.0 percentage points from 33.9% in the second quarter of 2022 to 32.9% in the third quarter of 2022.<\/p>\n<p>The unemployment rate, according to the expanded definition of unemployment, also decreased by 1.0 percentage points to 43.1%.<\/p>\n<p>Job growth was recorded in Manufacturing (123,000), Trade (82,000), Construction (46,000) and Transport (33,000), which saw the most significant job gains.<\/p>\n<p>Meanwhile, job losses were recorded in Finance (-80,000), Private households (-36,000) and Mining and Agriculture (-1,000) each.<\/p>\n<hr \/>\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/motoring\/649569\/100000-jobs-in-south-africa-under-threat-minister\/\" rel=\"bookmark\">100,000 jobs in South Africa under threat: minister<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest quarterly employment survey shows how much the average formal worker in South Africa earns right now.<\/p>\n","protected":false},"author":10,"featured_media":643817,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9880],"tags":[26],"class_list":["post-652085","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wealth","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/652085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=652085"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/652085\/revisions"}],"predecessor-version":[{"id":652103,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/652085\/revisions\/652103"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/643817"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=652085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=652085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=652085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}