File Image: IOL CAPE TOWN – The number of monthly salaries paid in June fell by -20.7 percent over a year, revealing how Covid-19 has affected a fifth of employees salaries, according to the BankservAfrica Take-Home Pay Index released yesterday.
“The figure in June is reflective of the heavy toll the Covid-19 crisis has placed on employers and employees who are faced with major financial distress,” said BankserAfrica head of stakeholder engagements Shergeran Naidoo.
Most of the payments in the index feature large corporates and a fair number of medium-sized firms that are served by payroll service providers and firm-owned payroll […]
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