HOW MUCH THEY EARN. 1% VS 99%. SOUTH AFRICA’S SALARY GAP EXPLAINED

Stats SA has published new data on median salaries in South Africa, through this data has revealed huge differences between earnings across the country – and that most workers in south Africa earn far less than the average of R25,000 around $1400.

The median salary in South Africa was recorded at only R5,417 a month in 2022. The average salary at the time was R24,813 a month (December 2022).

Now while the average represents an equal distribution among all salaried workers, the median presented by Stats SA shows about half of 13 million workers in South Africa earn below R5,400 a month, meaning most of the earnings are concentrated at the top.

In fact, top 5% earnings carry a higher median of R35,000 $1950 in South Africa – compared to the bottom 5% where it is only R1,000 a month.

The estimates of a minimum liveable monthly income in South Africa for 2024 sits at R15,000 – significantly higher than the average monthly income of minimum wage workers across the country.

Now if you’ve been following along nicely, you’ll understand that there’s a R10k+ gap between how much people are making and what the liveable monthly wage should be. People are struggling. It’s not just you.

How much did you think people were early in SA ? Are you shocked or you already knew?

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