Alexforbes data shows 10% of retirees now on track
Alexforbes Members Insights 2026 reveals most people do not save enough of their salary each month for a sustainable retirement
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Alexforbes Members Insights 2026 reveals most people do not save enough of their salary each month for a sustainable retirement
Data from one of South Africa's largest standalone administrators shows that only 10% of retirement fund members can replace three-quarters of their final pensionable salary.
Higher long-term interest rates are also likely.
Salaries in July increased to an average of over R20 000
Starting each month financially on the back foot
The higher a person's income, the more credit they are offered.
Nehawu said the strike would continue indefinitely until its demands are met.
Workers were supposed to receive their salaries on 24 July 2026, including scheduled salary increases.
The pay index reveals that people are receiving very small nominal salary increases, while inflation of 5% is eroding their buying power.
UIF added that the challenges it faces require 'continued collaboration and focused discussions'
Salary growth has failed to keep pace with rising inflation, resulting in a continued decline in real earnings.
According to payslips, drivers do earn R27.50 per delivery.
Salaries range from R4 000 to R24 000 per month depending on several factors.
What you do with your first few salaries could shape your financial life for years to come.
'The applicable salary adjustment effective from 01 April 2026 for the relevant categories of employees.'
'This is the lowest real salary level in two years.'
The index found that those earning more than R50 000 a month need 101% of their salary to service debt.
Pick n Pay says it remains committed to safeguarding jobs.
Most of the money the municipality receives goes to salaries, while service delivery suffers.
If inflation and economic challenges outpace salary growth, real incomes could shrink as the year progresses.
Spar's four executive directors cost the retailer north of R58.8 million in salary packages in 2025.
Labour Court hears dispute as Motus defends SA Retail realignment plan, denying salary cuts, coercion and unilateral action claims made.
Geopolitical unrest across the world is not expected to affect South Africans’ salaries this year, an economist says.
Motus said there will be no adjustments made to basic salaries.
Out of the 9 000 Sixty60 drivers in the country, 30% are South African.
But this is a R2bn shock ‘it cannot withstand’.
The commissioner received a salary of R8 million during the period, approximately R666 000 per month.
At least 44 of FirstRand’s lowest-paid banking employees could be paid with the CEO’s cash package.
Salaries seem to be picking up speed despite the sluggish growth of the economy and the official unemployment stuck around 33%.
Over half of the compensation amount was paid to employees in education, followed by those in health.