Bank staff expenses as a share of total costs reached 48.6% in first quarter of 2021 in South Africa, according to the National Central Bank. This is 5.76% more than in the previous quarter.
Historically, bank staff expenses as a share of total costs in South Africa reached an all time high of 52.7% in 4Q2011 and an all time low of 43.3% in 4Q2012.
South Africa has been ranked 21st within the group of 67 countries we follow in terms of bank staff expenses as a share of total costs.
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