South African workers earned less money for the third month straight during May 2025. BankservAfrica released data showing average take-home pay fell to R17,296 last month. The amount dropped 1.3 percent from April when workers received R17,532. Economists blame slow economic growth and global tensions for the decline. About 3.8 million salary earners across the country faced reduced income.
Workers still earn more compared to May 2024 when average pay reached only R15,903. The economy stalled during the first quarter of 2025 as Middle East conflicts created uncertainty worldwide. Companies and families delayed spending decisions because of lower confidence levels. Independent economist Elize Kruger said volatile conditions make 2025...