Basic salary payment in South Africa 2022-2023, by industry
The aggregate basic salary payment in South Africa as of September 2023 amounted to approximately 850.3 billion South African rands (equivalent to roughly 45.4 billion U.S. dollars). This represented an increase of approximately 6.5 percent from 798.7 billion South African rands (42.7 billion U.S dollars) compared to September 2022. Moreover, the highest volume of salary was paid to the community services industry, with some 33.9 percent of the overall payment. On the contrary, the electricity industry received the lowest salary payment at around 9.4 billion South African rands (502.6 million U.S. dollars).