Average Salary Increase In South Africa 2024. Salary hikes are expected to average 6.9% in 2024, while inflation will likely average 5.0%, giving a 1.9% real increase. Salaries are different between men and women.

Johannesburg, august 11, 2023 — employers in south africa are planning to increase their budgets for pay by 6.1% in 2024 as they try to attract and retain staff amidst. 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.