The South African Reserve Bank’s (SARB’s) latest quarterly bulletin showed that growth in remuneration paid to workers in the private and public sector had dropped from 5.5% year-on-year in the third quarter of 2018 to 4.6% year-on-year in the fourth quarter.
Consultancy PwC on Thursday released analysis by chief economist Lullu Krugel and economist Christie Viljoen, pointing out that the nominal remuneration paid to workers increased by just 4.7% during the 2018 calendar year.
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