
PayInc Data shows SA Real Salaries Crunch of 3.6%
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Nominal salaries are barely rising — but inflation isn’t slowing down. The latest PayInc Net Salary Index shows real salaries falling 3.6% year‑on‑year, hitting their lowest level in two years. Economist Elize Kruger explains why salary growth has stalled, how administered prices are eroding purchasing power, and what this means for consumer spending and economic growth in 2026.

