{"id":239581,"date":"2018-04-22T18:00:54","date_gmt":"2018-04-22T16:00:54","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=239581"},"modified":"2018-04-20T15:44:08","modified_gmt":"2018-04-20T13:44:08","slug":"finance-and-accounting-salaries-in-joburg-vs-cape-town-in-2018","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/finance\/239581\/finance-and-accounting-salaries-in-joburg-vs-cape-town-in-2018\/","title":{"rendered":"Finance and accounting salaries in Joburg vs Cape Town in 2018"},"content":{"rendered":"

A salary survey by finance and accounting recruitment group, Smith Garb<\/a><\/strong>, shows what employees in the financial sector can expect to earn in jobs in Gauteng in 2018.<\/p>\n

The group’s data covers 41 positions in the finance sector, from chief financial officer at JSE-listed companies, all the way to a debtors clerk.<\/p>\n

These roles are shown in the table below. The salaries a packages that include cost to company, and exclude bonuses. Smith Garb said the salaries can change quite drastically depending on the size of the company.<\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Position<\/th>\nBottom<\/th>\nTop<\/th>\nAverage<\/th>\n<\/tr>\n
Chief financial officer (listed)<\/td>\nR2 500 000<\/td>\nR3 800 000<\/td>\nR3 150 000<\/td>\n<\/tr>\n
Financial director (non-listed)<\/td>\nR1 600 000<\/td>\nR2 500 000<\/td>\nR2 050 000<\/td>\n<\/tr>\n
Financial director (SME)<\/td>\nR1 500 000<\/td>\nR2 000 000<\/td>\nR1 750 000<\/td>\n<\/tr>\n
Senior \/ Group financial manager<\/td>\nR900 000<\/td>\nR1 700 000<\/td>\nR1 300 000<\/td>\n<\/tr>\n
Senior internal audit manager<\/td>\nR900 000<\/td>\nR1 400 000<\/td>\nR1 150 000<\/td>\n<\/tr>\n
Financial planning analyst manager<\/td>\nR850 000<\/td>\nR1 300 000<\/td>\nR1 075 000<\/td>\n<\/tr>\n
Financial manager<\/td>\nR700 000<\/td>\nR1 200 000<\/td>\nR950 000<\/td>\n<\/tr>\n
Financial analyst (junior and senior)<\/td>\nR450 000<\/td>\nR1 200 000<\/td>\nR825 000<\/td>\n<\/tr>\n
Manager cost and management accountant<\/td>\nR650 000<\/td>\nR950 000<\/td>\nR800 000<\/td>\n<\/tr>\n
Management accountant<\/td>\nR500 000<\/td>\nR800 000<\/td>\nR650 000<\/td>\n<\/tr>\n
CA qualified (3-5 years)<\/td>\nR700 000<\/td>\nR950 000<\/td>\nR825 000<\/td>\n<\/tr>\n
CA qualified (1-3 years)<\/td>\nR650 000<\/td>\nR900 000<\/td>\nR775 000<\/td>\n<\/tr>\n
CA newly qualified<\/td>\nR500 000<\/td>\nR620 000<\/td>\nR560 000<\/td>\n<\/tr>\n
Group tax manager<\/td>\nR900 000<\/td>\nR1 300 000<\/td>\nR1 100 000<\/td>\n<\/tr>\n
Tax manager<\/td>\nR650 000<\/td>\nR900 000<\/td>\nR775 000<\/td>\n<\/tr>\n
Tax accountant<\/td>\nR480 000<\/td>\nR700 000<\/td>\nR590 000<\/td>\n<\/tr>\n
Group treasury manager<\/td>\nR800 000<\/td>\nR1 300 000<\/td>\nR1 050 000<\/td>\n<\/tr>\n
Treasury accountant \/ manager<\/td>\nR420 000<\/td>\nR900 000<\/td>\nR660 000<\/td>\n<\/tr>\n
Group \/ National credit manager<\/td>\nR500 000<\/td>\nR1 000 000<\/td>\nR750 000<\/td>\n<\/tr>\n
Payroll manager<\/td>\nR450 000<\/td>\nR900 000<\/td>\nR675 000<\/td>\n<\/tr>\n
Payroll administrator<\/td>\nR360 000<\/td>\nR500 000<\/td>\nR430 000<\/td>\n<\/tr>\n
Costing manager<\/td>\nR700 000<\/td>\nR900 000<\/td>\nR800 000<\/td>\n<\/tr>\n
Senior cost analyst<\/td>\nR540 000<\/td>\nR800 000<\/td>\nR670 000<\/td>\n<\/tr>\n
Cost accountant<\/td>\nR420 000<\/td>\nR600 000<\/td>\nR510 000<\/td>\n<\/tr>\n
Costing clerk<\/td>\nR240 000<\/td>\nR400 000<\/td>\nR320 000<\/td>\n<\/tr>\n
Senior accountant<\/td>\nR400 000<\/td>\nR750 000<\/td>\nR575 000<\/td>\n<\/tr>\n
Internal auditor<\/td>\nR400 000<\/td>\nR700 000<\/td>\nR550 000<\/td>\n<\/tr>\n
Finance accountant<\/td>\nR420 000<\/td>\nR540 000<\/td>\nR480 000<\/td>\n<\/tr>\n
Accountant (general)<\/td>\nR240 000<\/td>\nR450 000<\/td>\nR345 000<\/td>\n<\/tr>\n
Accountant (Honours degree)<\/td>\nR360 000<\/td>\nR420 000<\/td>\nR390 000<\/td>\n<\/tr>\n
Junior accountant<\/td>\nR240 000<\/td>\nR360 000<\/td>\nR300 000<\/td>\n<\/tr>\n
Bookkeeper to balance sheet<\/td>\nR300 000<\/td>\nR420 000<\/td>\nR360 000<\/td>\n<\/tr>\n
Bookkeeper to trial balance<\/td>\nR220 000<\/td>\nR300 000<\/td>\nR260 000<\/td>\n<\/tr>\n
Junior bookkeeper<\/td>\nR180 000<\/td>\nR240 000<\/td>\nR210 000<\/td>\n<\/tr>\n
Credit supervisor<\/td>\nR300 000<\/td>\nR480 000<\/td>\nR390 000<\/td>\n<\/tr>\n
Credit control<\/td>\nR300 000<\/td>\nR480 000<\/td>\nR390 000<\/td>\n<\/tr>\n
Credit controller<\/td>\nR180 000<\/td>\nR420 000<\/td>\nR300 000<\/td>\n<\/tr>\n
Cashbook clerk<\/td>\nR180 000<\/td>\nR300 000<\/td>\nR240 000<\/td>\n<\/tr>\n
Creditors clerk<\/td>\nR180 000<\/td>\nR300 000<\/td>\nR240 000<\/td>\n<\/tr>\n
Treasury clerk<\/td>\nR190 000<\/td>\nR280 000<\/td>\nR235 000<\/td>\n<\/tr>\n
Debtors clerk<\/td>\nR150 000<\/td>\nR180 000<\/td>\nR165 000<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

In the last quarter of 2017, CareerJunction published its salary review, which provides insight into salary variations between the major cities. The group’s data generally lines up with Smith Garb’s, particularly in specific categories, like CAs, bookkeepers and cost accounting.<\/p>\n

The table below extrapolates CareerJunction’s data,<\/a>\u00a0<\/strong>expressing as an average annual salary, taking into account the entire range of experience (starting to senior).<\/p>\n

According to CareerJunction, in the finance category salaries in Gauteng are 6.5% higher than the national average, while salaries in the Western Cape are significantly lower (as much as22% lower), while KwaZulu-Natal’s salaries are 5% lower.<\/p>\n

The data below is particularly pertinent when measuring salaries between Gauteng and the Western Cape as the latter is sugbject to quite a lot of ‘semigration’, and has also attracted a number of fintech related start-ups in recent years.<\/p>\n

Finance jobs – GP vs WC vs KZN<\/strong><\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Job<\/th>\nGP Salary<\/th>\nWC Salary<\/th>\nKZN Salary<\/th>\n<\/tr>\n
Regional Variation<\/em><\/td>\n+6.5%<\/em><\/td>\n-22.0%<\/em><\/td>\n-5.0%<\/em><\/td>\n<\/tr>\n
Accounts Payable and Receivable<\/td>\nR299 280<\/td>\nR219 180<\/td>\nR267 000<\/td>\n<\/tr>\n
Bookkeeping<\/td>\nR244 320<\/td>\nR178 920<\/td>\nR217 920<\/td>\n<\/tr>\n
Financial\/Project Accounting<\/td>\nR517 560<\/td>\nR379 080<\/td>\nR461 700<\/td>\n<\/tr>\n
Cost and Management Accounting<\/td>\nR642 600<\/td>\nR470 640<\/td>\nR573 240<\/td>\n<\/tr>\n
Chartered Accounting<\/td>\nR695 280<\/td>\nR509 220<\/td>\nR620 160<\/td>\n<\/tr>\n
Internal Auditing<\/td>\nR430 560<\/td>\nR315 360<\/td>\nR384 120<\/td>\n<\/tr>\n
Payroll and Wages<\/td>\nR257 820<\/td>\nR188 880<\/td>\nR229 980<\/td>\n<\/tr>\n
Purchasing and Procurement<\/td>\nR366 480<\/td>\nR268 320<\/td>\nR326 880<\/td>\n<\/tr>\n
Taxation<\/td>\nR521 520<\/td>\nR381 960<\/td>\nR465 240<\/td>\n<\/tr>\n
Corporate Lending<\/td>\nR553 680<\/td>\nR405 480<\/td>\nR493 920<\/td>\n<\/tr>\n
Credit Management<\/td>\nR373 440<\/td>\nR273 480<\/td>\nR333 120<\/td>\n<\/tr>\n
Debt, Rent\/Cash Collection<\/td>\nR211 200<\/td>\nR154 680<\/td>\nR188 400<\/td>\n<\/tr>\n
Financial Analysis<\/td>\nR649 560<\/td>\nR475 680<\/td>\nR579 360<\/td>\n<\/tr>\n
Risk Management<\/td>\nR460 560<\/td>\nR337 320<\/td>\nR410 880<\/td>\n<\/tr>\n
Investment Management<\/td>\nR462 240<\/td>\nR338 520<\/td>\nR412 320<\/td>\n<\/tr>\n
Asset Management<\/td>\nR525 000<\/td>\nR384 480<\/td>\nR468 240<\/td>\n<\/tr>\n
Portfolio Management<\/td>\nR442 440<\/td>\nR324 000<\/td>\nR394 680<\/td>\n<\/tr>\n
Treasury Management<\/td>\nR469 080<\/td>\nR343 560<\/td>\nR418 440<\/td>\n<\/tr>\n
Actuarial Management and Administration<\/td>\nR501 240<\/td>\nR367 140<\/td>\nR447 120<\/td>\n<\/tr>\n
Risk Assessment<\/td>\nR392 520<\/td>\nR287 460<\/td>\nR350 100<\/td>\n<\/tr>\n
Claims Assessment<\/td>\nR299 400<\/td>\nR219 300<\/td>\nR267 120<\/td>\n<\/tr>\n
Financial Management<\/td>\nR813 840<\/td>\nR596 040<\/td>\nR726 000<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n
\n

Read:\u00a0Ramaphosa\u2019s presidential salary vs other world leaders<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

A new salary survey by finance and accounting recruitment group, Smith Garb, shows what employees in the financial sector can expect to earn in jobs in Gauteng in 2018.<\/p>\n","protected":false},"author":10,"featured_media":144519,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121],"tags":[26,13021],"class_list":["post-239581","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-headline","tag-smith-garb"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/239581","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=239581"}],"version-history":[{"count":8,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/239581\/revisions"}],"predecessor-version":[{"id":239667,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/239581\/revisions\/239667"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/144519"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=239581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=239581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=239581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}