LATEST EARNINGS STATS

Average monthly earnings showed a quarter-on-quarter increase of 3.7%, from R23,697 in February to R24,578 in May. Year on year, average monthly earnings increased by 4%, according to Statistics South Africa’s

Quarterly Employment

Statistics for June. Gross earnings paid to employees increased by 0.1% from March

2022 to June 2022. Year on year, gross earnings rose by 4.5% between June 2021 and June 2022. However, bonuses paid to employees decreased by 20% from March to June. Year on year, bonuses rose by 14.3% between June 2021 and June 2022.