Recent data from BankservAfrica indicates that South African salaries remained stable in June 2025, offering a glimmer of hope amid the fluctuating economic landscape. The average nominal take-home pay for workers was recorded at R17,310, which shows a slight reduction of 0.1% from May’s R17,325. This marginal dip, however, is overshadowed by a notable year-on-year increase, as the average salary in June 2024 was just R15,514.
While the figures suggest that salary earners are enjoying a relatively better situation compared to previous years, concerns loom large over the broader economic climate. Independent economist Elize Kruger has warned that despite the recent stability in wages, there are troubling signs ahead that could jeopardise future financial well-being for many South Africans.
“BankservAfrica take-home pay flattened in the month of June after having moderated for three consecutive months. While salary earners are in a somewhat better space in the first half of 2025, the economic environment has deteriorated in recent months,” Kruger elaborated, emphasising the growing levels of uncertainty that are reshaping the landscape for both individuals and businesses.
Kruger highlighted that the prevailing economic uncertainty has led to diminished consumer confidence, which directly impacts spending and investment decisions across sectors. This hesitation could pose significant risks for economic activity in the second half of the year, she added. “There’s really a concern that it could have a negative impact on both employment and on earnings potential in the second half of the year,” said Kruger.