{"id":348038,"date":"2019-10-22T17:45:05","date_gmt":"2019-10-22T15:45:05","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=348038"},"modified":"2019-10-23T10:27:59","modified_gmt":"2019-10-23T08:27:59","slug":"how-much-money-the-average-employee-earns-at-south-african-startups","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/it-services\/348038\/how-much-money-the-average-employee-earns-at-south-african-startups\/","title":{"rendered":"How much money the average employee earns at South African startups"},"content":{"rendered":"

Investment firm Timon Capital has released a new report looking at the average salaries at African startups.<\/p>\n

The report is based on salary and compensation information across 50 startups in Nigeria, Kenya, Ghana, and South Africa.<\/p>\n

The research shows that Fintech was by far the most popular field (20%) among the respondents, followed by software development (7%) and logistics (6%).<\/p>\n

Most of the startup founders indicated they have some sort of tertiary degree – with 50% indicating that they have a Bachelor’s degree or higher.<\/p>\n

These founders are primarily between the ages of 20-39, are male, and started the company within the last three years.<\/p>\n

54% of the surveyed companies said they have one of\ufb01ce, while 37.5% of the surveyed companies said they have operations in more than one country.<\/p>\n

It should be noted that most of the startups interviewed were large enough to attract attention from international investors and are established enough that they are actively seeking funding money.<\/p>\n

This may skew the results and salaries<\/strong> towards the higher-end.<\/p>\n

The data shows that across all the startups reviewed the average chief executive officer salary was $37,560 (R550,922)<\/p>\n

By comparison, the average salary for a chief technical officer was $35,131 (R515,294) and the average chief marketing officer’s salary was $31,666 (R464,470).<\/p>\n

South Africa<\/strong><\/p>\n

The data shows that C-level executives in South African can earn substantially more than their African counterparts, with the average chief executive officer taking home $65,714 (R963,879)<\/p>\n

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Chief executive officer<\/strong> salaries<\/strong> range between $10,000 – $125,000 (R146,678 – R1.83 million) while their total compensation ranges between $10,000 – $500,000 (R146,678 – R7.3 million).<\/p>\n

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Chief technical officer salaries<\/strong> range between $10,000 – $90,000 (R146,678 – R1.32 million) while their total compensation ranges between $10,000 – $500,000 (R146,678 – R7.3 million).<\/p>\n

\n

Chief marketing officer salaries<\/strong> range between $10,000 – $125,000 (R146,678 – R1.83 million) while their total compensation ranges between $10,000 – $175,000 (R146,678 – R2.56 million).<\/p>\n

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Senior engineer salaries<\/strong> range between $10,000 – $70,000 (R146,678 – R1.02 million) while their total compensation ranges between $10,000 – $250,000 (R146,678 – R3.66 million).<\/p>\n

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Junior engineer salaries<\/strong> range between $10,000 – $50,000 (R146,678 – R733,000) while their total compensation ranges between $10,000 – $250,000 (R146,678 – R3.66 million).<\/p>\n

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Junior analyst salaries<\/strong> range between $10,000 – $30,000 (R146,678 – R440,000) while their total compensation ranges between $10,000 – $70,000 (R146,678 – R1.02 million).<\/p>\n

\n

\"\"<\/a><\/p>\n

Dollar to rand conversions taken at R14.67\/dollar.\u00a0<\/em><\/p>\n

\n

Read: 3 South African fintech startups just scored R23 million in loans \u2013 including one that invests in cows<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Investment firm Timon Capital has released a new report looking at the average salaries at African startups.<\/p>\n","protected":false},"author":10,"featured_media":66436,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[26,14464],"class_list":["post-348038","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-it-services","tag-headline","tag-timon-capital"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/348038","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=348038"}],"version-history":[{"count":12,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/348038\/revisions"}],"predecessor-version":[{"id":348264,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/348038\/revisions\/348264"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/66436"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=348038"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=348038"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=348038"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}