Bank Minimum Salaries Now At R 22 000
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2 Banks Increase Minimum Wage
Recently ABSA and Standard Bank have increased the minimum pay that staff receive at the bank.
Higher Salaries To Balance higher Costs
Like any business, banks want to attract talent and for their staff to have a decent wage.
Recently, both ABSA and Standard Bank decided to push up the minimum wage that an employee can expect to R22 000 (ABSA) and R22 700 (Std).
With fuel costs negatively impacting on transport and another Eskom hike recently, staff need more just to make ends meet.
This reflects the realities of the economy in South Africa.
