28 jobs that pay more than R1 million a year in South Africa

Data from salary comparison and career resource group Salary Explorer lists 28 jobs in South Africa that draw in a total package exceeding R1 million a year.

The group uses salary related data  from various recruitment agencies, companies and employers, and published salary reports.

According to Salary Explorer, the average annual salary in South Africa is R338,500 before taxes – or around R28,209 a month – which is up only marginally from 2017.

“Salaries in South Africa are on the rise in the year 2018 based on recent submitted salaries and reports. Salaries in 2018 are 2% higher than those of 2017. The trend suggests a slow yet slow continuous increase in pay in 2019 and future years,” it said.

The group’s salary data also highlights the inequality in distribution of wealth among the populace, noting that salaries range between R1,850 per month (minimum salary) to R312,000 a month.

The median salary is R20,000 per month, with half (50%) of the population earning less than that.

Closely related to the median are two similar values: the 25th and 75th percentiles. The lowest quarter of the population (35th percentile) are earning less than R12,000, while the highest quarter (75th percentile) are earning more than R35,000 a month.

Salaries vary depending on the level of employment, the sectors the jobs are in, as well as where the jobs are located.

For example, management and executive positions carry the highest monthly average (R60,267 per month), while those working in cleaning and housekeeping have the lowest average (R3,823 per month).

In line with other salary data, jobs in Johannesburg also pay more, with an average of R33,724 per month, compared to Pretoria (R26,265), Cape Town (R26,002), Durban (R23,789), Port Elizabeth (R23,656) and Bloemfontein (R20,560).

The group lists the top 200 best-paying jobs based on its salary data, of which 28 have annual salaries of over R1 million. These are listed below.

The average monthly salary includes housing, transport, and other benefits, the group noted.

Job Monthly Annual
Corporate Affairs Executive R140 000 R1 660 000
Chief Investment Officer R136 600 R1 639 200
Legal Services Director R129 333 R1 552 000
Financial Systems Manager R120 000 R1 440 000
Neurosurgeon R120 000 R1 440 000
Senior Sales Executive R119 000 R1 428 000
Corporate Director R115 000 R1 380 000
Assistant to CEO R108 642 R1 303 700
Market Segmentation Director R108 333 R1 300 000
Top Research and Development Executive R108 333 R1 300 000
IT Director R106 700 R1 280 400
Division Manager R104 167 R1 250 000
Director R103 125 R1 237 500
Senior Mechanical Engineer R100 000 R1 200 000
Sales Director R100 000 R1 200 000
Program Director R100 000 R1 200 000
Finance Executive R97 500 R1 170 000
Executive Human Capital Management R95 500 R1 146 000
Managing Director R94 712 R1 135 545
Chief Executive Officer R90 140 R1 081 683
Demand Planning Manager R90 000 R1 080 000
Anesthesiologist R88 528 R1 062 683
Operations Manager R88 000 R1 056 000
Senior Electrical Engineer R88 000 R1 056 000
Chief Financial Officer R87 667 R1 052 000
Senior IT Manager R87 500 R1 050 000
Inventory Mananger R85 000 R1 020 000
Project Director R84 583 R1 015 000

Read: Cyril Ramaphosa’s salary vs other world leaders – and the average South African

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