Average Salary Increase In South Africa 2024. South african employers are forecast to increase pay by an average of 6.1% in 2024 in an attempt to attract and retain staff amid high inflation and a challenging labour market. Based on the latest average salary data from statistics sa, the average salary in sa is r26,086 a month or r313,032 annually.

Salary hikes are expected to average 6.9% in 2024, while inflation will likely average 5.0%, giving a 1.9% real increase. Organisations are planning to increase their pay budgets in 2024 for two main reasons.