These are the jobs that pay the best salaries in South Africa

With the local economy expected to show an uptick in activity in 2018, data collected by three separate sources, including two recruitment agencies and a salary comparison and career resource group, shows which jobs pay the best salaries in South Africa.

Specialist recruitment firm Michael Page recently published its salary survey, showing what skilled professionals could expect to earn in 2018. Its salary information is based on an extensive recruitment database, which covers more than 1,536 job roles, and over 100,000 candidates.

It says that local demand for skilled professionals in the workplace remains high, particularly in the financial services sector, in all roles from bankers and accountants to IT and support.

These are some of the best paid jobs, according to Michael Page:

Job Sector Average Top
Group regional CFO Finance and Accounting R4.8 million R6.0 million
Finance director Finance and Accounting R2.8 million R3.5 million
Finance Manager Finance and Accounting R1.0 million R1.2 million
Chief audit officer Finance and Accounting R2.1 million R2.5 million
Head of internal audit Finance and Accounting R1.3 million R1.4 million
Tax director Finance and Accounting R2.2 million R2.6 million
Tax manager Finance and Accounting R1.3 million R1.6 million
Manufacturing director Engineering and Manufacturing R1.6 million R1.9 million
Project director Engineering and Manufacturing R1.3 million R1.8 million
Factor/Plant manager Engineering and Manufacturing R1.1 million R1.4 million
Regulatory affairs manager Engineering and Manufacturing R1.3 million R1.7 million
R&D NPD director Engineering and Manufacturing R1.2 million R1.6 million
Vice-president of HR / chief HR officer Human Resources R2.9 million R3.2 million
HR director Human Resources R1.8 million R2.0 million
Head of learning  development/director Human Resources R1.2 million R1.4 million
Head of talent acquisition/director Human Resources R1.1 million R1.3 million
General counsel Legal R1.5 million R3.0 million
Partner Top SA Legal R1.3 million R2.0 million
Partner (Boutique) Legal R1.0 million R1.5 million
Partner (International) Legal R1.3 million R2.5 million
Vice-president of procurement Procurement R2.1 million R2.4 million
Vice-president of supply chain Supply Chain and Logistics R2.4 million R2.8 million
General manager Sales and Marketing R1.8 million R2.5 million
Vice-president of sales  Sales and Marketing R1.8 million R2.5 million
Chief information officer (CIO)  Technology R1.6 million R2.0 million
Chief information officer (CTO)  Technology R1.4 million R1.8 million
IT director Technology R1.6 million R2.0 million
Head of IT Technology R1.6 million R1.8 million
IT Applications director Technology R1.3 million R1.6 million
Head of project management office Technology R1.4 million R2.0 million
Chief enterprise architect Technology R1.3 million R1.8 million

A separate report from Robert Walters shows how much salaries are expected to increase for skilled professionals in the finance and legal industries.

According to the group’s survey, general salaries in South Africa are expected to increase by 5% on average in 2018 – a modest rise in line with inflation.

However, professionals with highly sought-after skillsets can expect to see rises of between 12% and 15%, with finance professionals enjoying the strongest average salary growth at 7%, with legal professionals seeing an average of 5% increases.

These are some of the best paid jobs, according to Robert Walters:

Job Sector Monthly Annual
Finance Director (Large Firm) Accounting R125 000 – R250 000 R1.5 million – R3.0 million
Chief Financial Officer (JSE Top 200) Accounting R150 000 – R250 000 R1.8 million – R3.0 million
CFO/FD (SME) Accounting R100 000 – R150 000 R1.2 million – R1.8 million
Group Tax Manager Taxation/Treasury R83 000 – R166 000 R1.0 million – R2.0 million
Director Legal R166 000 R2.0 million
Partner (7 – 10 years’ PQE) Legal R916 000 – R116 000 R1.1 million – R1.4 million
10+ years’ PQE Legal – in-house for financial services R116 000 R1.4 million
Business Unit CFO – Retail Banking Financial services R83 000 – R125 000 R1.0 million – R1.5 million
Business Unit CFO – Insurance Financial services R108 000 – R166 000 R1.3 million – R2.0 million
Business Unit CFO – Investment Banking Financial services R166 000+ R2.0 million+

Data from salary comparison and career resource group Salary Explorer lists 22 jobs in South Africa that draw in a total package over R1 million a year.

The group’s data represents a combination of user-reported data and salary information from various recruitment agencies, companies and employers.

According to Salary Explorer, the average annual salary in South Africa is R337,000 before taxes – or just over R28,000 a month.

The bulk of R1 million-plus jobs in South Africa are in the management and executive category, with chief investment officers ranking at the top with an average salary of R1.68 million a year.

This is followed by a legal services director (R1.55 million) and an IT director (R1.49 million).

Job Sector Monthly Annual
Chief Investment Officer Executive and Management R140 400 R1 684 800
Legal Services Director Legal R129 333 R1 552 000
IT Director Information Technology R124 375 R1 492 500
Financial Systems Manager Information Technology R120 000 R1 440 000
Surgeon – Neurology Health and Medical R120 000 R1 440 000
Senior Sales Executive Sales Retail and Wholesale R119 000 R1 428 000
Assistant to CEO Executive and Management R117 019 R1 404 229
Corporate Director Executive and Management R115 000 R1 380 000
Market Segmentation Director Marketing R108 333 R1 300 000
Top R&D Executive Business Planning R108 333 R1 300 000
Director Executive and Management R103 125 R1 237 500
Program Director Information Technology R100 000 R1 200 000
Finance Executive Accounting and Finance R97 500 R1 170 000
Executive Human Capital Management Human Resources R95 500 R1 146 000
Managing Director Executive and Management R94 712 R1 136 545
Chief Executive Officer Executive and Management R90 140 R1 081 683
Project Director Engineering R90 000 R1 080 000
Demand Planning Manager Purchasing and Inventory R90 000 R1 080 000
Physician – Anesthesiology Health and Medical R88 528 R1 062 336
Senior Electrical Engineer Engineering R88 000 R1 056 000
Chief Financial Officer Executive and Management R87 677 R1 052 000
Inventory Manager Sales Retail and Wholesale R85 000 R1 020 000

Read: These are the jobs young South Africans most want to get into

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These are the jobs that pay the best salaries in South Africa