{"id":798470,"date":"2024-11-05T19:00:00","date_gmt":"2024-11-05T17:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=798470"},"modified":"2024-11-05T16:15:37","modified_gmt":"2024-11-05T14:15:37","slug":"skilled-foreigners-are-flocking-to-south-africa-and-earning-up-to-r1-million","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/798470\/skilled-foreigners-are-flocking-to-south-africa-and-earning-up-to-r1-million\/","title":{"rendered":"Skilled foreigners are flocking to South Africa \u2013 and earning up to R1 million"},"content":{"rendered":"\n<p>South Africa is grappling with significant skills shortages across several crucial sectors, particularly in IT, engineering, healthcare, and finance\u2014jobs that pay up to R1.08 million annually. <\/p>\n\n\n\n<p>According to the jobs portal CareerJunction, these fields are facing worsening gaps in talent that the local workforce struggles to meet, creating an urgent need for skilled professionals. <\/p>\n\n\n\n<p>This demand is highlighted by a surge in foreign workers entering South Africa to help fill these critical roles, drawn by recent visa reforms and attractive six-figure salaries.<\/p>\n\n\n\n<p>The country\u2019s efforts to bridge these skill gaps have taken a strategic turn, with government initiatives making it easier for foreigners to apply and be accepted for work visas. <\/p>\n\n\n\n<p><strong>Since 2023, South Africa\u2019s Department of Home Affairs has approved 1,223 critical skills visas<\/strong>, with expectations for an accelerated pace following the October 2024 introduction of a new points-based visa system. <\/p>\n\n\n\n<p>This system requires applicants to score at least 100 points and meet specific job requirements, streamlining the path for foreign professionals with high-demand skills to obtain work visas. <\/p>\n\n\n\n<p>Among other measures, Home Affairs Minister Leon Schreiber recently introduced a Remote Work Visitor Visa and adjustments to the critical skills visa criteria, aiming to attract talent more effectively while reducing the bureaucratic red tape that previously hindered these processes. <\/p>\n\n\n\n<p>This shift could have profound economic benefits, as research from the Reserve Bank and the International Food Policy Institute suggests that <strong>each critical skill brought into the country could indirectly create seven additional jobs.<\/strong><\/p>\n\n\n\n<p>The specific skills South Africa is targeting reflect shifts in the employment market over the past five years.<\/p>\n\n\n\n<p>In particular, IT roles, such as technical and business architects, have become highly coveted as technology continues to drive economic growth. <\/p>\n\n\n\n<p>CareerJunction highlights that IT architecture, especially technical roles, ranks as the top skill gap. <\/p>\n\n\n\n<p>These professionals are in high demand, but a limited supply has made recruitment challenging. <\/p>\n\n\n\n<p>With competitive salaries ranging from R480,000 to R1.08 million per year (equivalent to R40,000 to R90,000 monthly), the country is hoping to lure top talent to address these needs. <\/p>\n\n\n\n<p>Data engineers and actuarial managers are similarly sought after, offering six-figure annual salaries that further underscore the country\u2019s commitment to attracting specialized skills.<\/p>\n\n\n\n<p>The engineering sector, specifically civil and structural engineering, has also seen a marked increase in labour demand. <\/p>\n\n\n\n<p>As South Africa undergoes rapid infrastructure development, the need for experienced engineers has surged, creating substantial gaps that the local workforce cannot currently meet. <\/p>\n\n\n\n<p>In parallel, the healthcare sector is also under pressure, with clinical and medical technologists, including nurses in specialised clinical technology fields, seeing a 32% increase in demand over the past six months alone. <\/p>\n\n\n\n<p>However, filling these healthcare roles has proven difficult as the industry\u2019s demand for skilled professionals continues to outstrip the available talent pool.<\/p>\n\n\n\n<p>The influx of skilled foreign professionals is more than just a stopgap solution for South Africa\u2019s economy\u2014it is a transformative opportunity. <\/p>\n\n\n\n<p>With generous compensation packages and fewer obstacles in the visa process, South Africa is poised to attract the expertise it urgently needs. <\/p>\n\n\n\n<p>By addressing these critical skill shortages with the aid of foreign talent, South Africa can continue on a path of sustainable growth, ensuring that its essential industries are staffed with professionals capable of meeting today\u2019s demands and adapting to tomorrow\u2019s challenges.<\/p>\n\n\n\n<p>The table below lists 15 critical jobs and what they pay per annum. <\/p>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-responsive\"><table class=\"table\"><thead><tr><th>Jobs<\/th><th class=\"has-text-align-center\" data-align=\"center\">Average monthly salary<\/th><\/tr><\/thead><tbody><tr><td>Software Developer<\/td><td class=\"has-text-align-center\" data-align=\"center\">R40,000 to R60,000 <br>(up to R720,000 per year)<\/td><\/tr><tr><td>Technical\/Business Architect<\/td><td class=\"has-text-align-center\" data-align=\"center\">R65,000 to R90,000 <br>(up to R1,080,000 per year)<\/td><\/tr><tr><td>Database Designer\/Developer\/Administrator<\/td><td class=\"has-text-align-center\" data-align=\"center\">R45,000 to R65,000 <br>(up to R780,000 per year)<\/td><\/tr><tr><td>Actuarial Manager\/Administrator<\/td><td class=\"has-text-align-center\" data-align=\"center\">R62,948 to R74,834 <br>(up to R898,000 per year)<\/td><\/tr><tr><td>Taxation<\/td><td class=\"has-text-align-center\" data-align=\"center\">R30,900 to R39,800 <br>(up to R477,600 per year)<\/td><\/tr><tr><td>ICT Systems Analyst <\/td><td class=\"has-text-align-center\" data-align=\"center\">R40,000 to R50,000 <br>(up to R600,000 per year)<\/td><\/tr><tr><td>Financial Analyst<\/td><td class=\"has-text-align-center\" data-align=\"center\">R40,000 to R54,083 <br>(up to R649,008 per year)<\/td><\/tr><tr><td>Civil Engineers<\/td><td class=\"has-text-align-center\" data-align=\"center\">R41,667 to R65,833 <br>(up to R789,996 per year)<\/td><\/tr><tr><td>External Auditor <\/td><td class=\"has-text-align-center\" data-align=\"center\">R33,333 to R44,000 <br>(up to R528,000 per year)<\/td><\/tr><tr><td>Nurse<\/td><td class=\"has-text-align-center\" data-align=\"center\">R27,100 to R46,000 <br>(up to R552,000 per year)<\/td><\/tr><tr><td>Data Analyst<\/td><td class=\"has-text-align-center\" data-align=\"center\">R40,000 to R60,000 <br>(up to R720,000 per year)<\/td><\/tr><tr><td>Full Stack Developer<\/td><td class=\"has-text-align-center\" data-align=\"center\">R53,857 to R62,865 <br>(up to R754,400 per year)<\/td><\/tr><tr><td>Data Engineer<\/td><td class=\"has-text-align-center\" data-align=\"center\">R52,937 to R67,132 <br>(up to R805,584 per year)<\/td><\/tr><tr><td>Business Analyst<\/td><td class=\"has-text-align-center\" data-align=\"center\">R41,667 to R60,000 <br>(up to R720,000 per year)<\/td><\/tr><tr><td>Investment Analyst<\/td><td class=\"has-text-align-center\" data-align=\"center\">R40,000 to R60,000 <br>(up to R720,000 per year)<\/td><\/tr><\/tbody><\/table><\/div><figcaption class=\"wp-element-caption\"><em>Source: CareerJunction <\/em><\/figcaption><\/figure>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/business\/798423\/warning-to-businesses-in-south-africa-major-deadline-hitting-this-month\/\">Warning to businesses in South Africa \u2013 major deadline hitting this month<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Africa is grappling with significant skills shortages across several crucial sectors.<\/p>\n","protected":false},"author":92,"featured_media":795340,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[1438,2524,1398,853],"class_list":["post-798470","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-careerjunction","tag-home-affairs","tag-jobs","tag-south-africa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/798470","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\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=798470"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/798470\/revisions"}],"predecessor-version":[{"id":798626,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/798470\/revisions\/798626"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/795340"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=798470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=798470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=798470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}