The South African economy is the second largest in Africa.
It is also the most diversified, technologically advanced, and industrialized on the continent.
What is the average salary in South Africa today, and which sectors are the best-paying?
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This varies from country to country, often increasing asa countrybecomes more advanced and grows economically.
What is the basic monthly salary in SA?
What is the average salary in South Africa in 2024?
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What is the average income inSouth Africa?
South African salary ranges and median figures
What is a normal salary inSouth Africa?
So, what is the middle-class salary in South Africa?
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The median figure for middle-income earners is between R5,000 and R20,000 per month.
What is a reasonable salary in South Africa?
Close to a quarter of the employed people earn less than R17,000.
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75% of the people earn less than R81,100, with only about a quarter earning above that.
Since the term reasonable is somewhat subjective, one can gauge their income using these percentiles.
Here is a quick look.
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Typically, employees with postgraduate degrees tend to earn more than those without.
This explains the huge demand for postgraduateeducationin SA.
Diploma and certificate holders are likely to earn 17 % more than their counterparts who attained high school education.
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In most companies, a salary review is usually considered after completing a course.
Most employers typically reward progression and experience.
Conventionally, any employee who experiences growth at work should expect a salary increment over time.
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For most firms, this is usually one of the largest determinants of a persons salary.
For example, people in fintech and engineering tend to earn more than their counterparts in transport and manufacturing.
Here is a look at the topSouth Africansalaries by sector.
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What is the minimum wage in South Africa?
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From March 2022, theminimum hourly wagein SA increased to R23.19 (About $1.59).
This was a 7% increase from the previous years minimum wage.
What is a good salary in South Africa?
This can be considered the average wage in the country.
An employed person in SA earns an average of R23,982 (approximately $1,480) per month.
The average salary in South Africa is significantly higher than in other African countries.
This is largely attributable to the countrys remarkable economic and technological development and the hugely diverse income sectors.
DISCLAIMER:This article is intended for general informational purposes only and does not address individual circumstances.
Any action you take upon the information presented in this article is strictly at your own risk and responsibility!
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Today, some African cities are as expensive as their European, Asian, or American counterparts.
Some of the contributing factors include the cost of housing, transport, health, and education.
He previously worked with Ace My Homework before joining the Briefly team in 2017.
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Previously, she worked at The Campanile by Kenyatta University.
She has more than five years in writing.
In 2023, Jackline finished the AFP course on Digital Investigation Techniques and Google News Initiative course in 2024.
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