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

Recruitment firm Robert Walters recently released its annual salary survey.

According to the group, professional salaries across South Africa will increase by 7% on average in 2019. However, top performing professionals with highly sought-after skill sets can expect to see rises of 10-15%.

This is in line with a separate report released by recruitment firm, Michael Page, at the end of 2018.

Michael Page found that the majority of sectors remain under pressure,  and that significant drivers for more positive development will come from the Banking & Financial Services, IT and Transportation sectors.

Notably, these are also some of the sectors where you can also to earn some of the highest salaries.

The top earners – according to Michael Page’s data – are Group/Regional CFOs at finance companies who can expect to earn up to R6 million a year.

By comparison, finance directors in these companies can expect to earn up to R3.5 million a year.

# Job name Sector Annual salary
1 Group/Regional CFO Finance & Accounting R 6 000 000
2 In-house GC (General Counsel) Legal R5 000 000
3 Partner (International Law Firm) Legal R5 000 000
4 Partner (Top SA law firm) Legal R4 000 000
5 VP of Supply Chain Supply Chain & Logistics R3 800 000
6 Finance Director Finance & Accounting R3 500 000
7 VP HR / Chief HR Officer Human Resources R3 200 000
8 Partner (Boutique law firm) Legal R3 000 000
9 Head of Compliance Legal R3 000 000
10 Group Company Secretary Legal R2 800 000
11 Tax Director Finance & Accounting R2 800 000
12 Supply Chain/Logistics Director Supply Chain & Logistics R2 800 000
13 VP of Procurement Procurement R2 800 000
14 General Manager (Sales and Marketing) Sales & Marketing R2 800 000
15 General Manager (B2B) Sales & Marketing R2 600 000
16 VP of Sales Sales & Marketing R2 600 000

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

The group’s data shows that CFOs, financial directors, and tax managers are some of the best-paid jobs in these sectors.

# Job name Sector Annual salary
1 Chief Financial Officer (JSE Top 200) Accounting R3 200 000
2 Finance Director (Large Firm) Accounting R3 000 000
3 Business Unit CFO – Investment Banking Financial services R2 500 000
4 Group Tax Manager Taxation/Treasury R2 000 000
5 Director (private practice) Law R2 000 000+
6 CFO/FD (SME) Accounting R2 000 000
7 Business Unit CFO – Insurance Financial services R2 000 000
8 Partner  (private practice) Law R2 000 000
9 Business Unit CFO – Retail Banking Financial services R1 700 000
10 Group Treasury Manager Taxation/Treasury R1 500 000
11 In-house legal advisor (10+ years’ PQE) Law R1 400 000+
12 CA (SA) (+6 years’ experience) Accounting R1 200 000
13 Corporate Finance CA (3 – 5 years’ experience) Accounting R1 200 000

It is important to note that while the above salary data is very comprehensive, it is primarily focused on professionals.

This means that certain sectors such as airline pilots, engineers, medical personnel and government officials do not feature in the report.

According to CareerJunction, management and engineering jobs are some of the consistently highest paying jobs in the country, with financial management coming out as the top-paying job with a broad salary range of R58,500 to R79,000 a month.

These are some of the best-paid jobs, according to CareerJunction:

# Job name Sector Annual salary
1 Financial Management Financial services R948 024
2 Structural Engineering Engineering R939 168
3 Plant Management Industrial R870 996
4 Civil Engineering Engineering R849 912
5 Corporate Lending Financial services R842 616
6 IT Management IT R793 692
7 Mechanical Engineering Engineering R715 044
8 Financial Analysis Financial services R709 320
9 Industrial Engineering Engineering R690 876
10 Marketing Management Sales & Marketing R675 300
11 Technical and Business Architecture Architecture R673 920
12 Electronic Engineering Engineering R658 332
13 Building Foreman Architecture R657 504

Read: 60 in-demand jobs in Australia that South Africans can apply for

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