Adzuna, an online job aggregator, recently published its 2019 salary report which explores the average salaries offered across South Africa’s top industries – analysing more than 100,000 online job listings.
According to the report, salaries only increased by a mere 7% year-on-year from 2018, which is in line with the predicted wages for 2019 by the American company PayScale.
Although the average salary increase is in line with the predicted inflation rate for 2019, the figures are still far too low to compensate for rising prices in most basic consumer products and services, Adzuna said.
Due to the slow rise in wages, more consumers are feeling the pressure on their household spending.
Since January 2019, food prices in South Africa have increased by 3% over the same month in the previous year. Electricity and fuel prices have also increased by a staggering 13.8% per annum over the past decade.
