Wages in South Africa decreased to 28231 ZAR/Month in the fourth quarter of 2024 from 28274 ZAR/Month in the third quarter of 2024. This dataset provides - South Africa Total Quarterly Wages - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The average monthly salary for South Africans who were employed in the formal non-agricultural sector was just over 26,800 South African rands (comparable to roughly 1,500 U.S. dollars) in November 2023, which represented a yearly increase of tw0 percent. During the period under review, the overall growth trend was positive, with the earnings increasing by 24.4 percent from 21,500 South African rands (approximately 1,180 U.S. dollars) in November 2018.    Minimum wage and highest-paid professions    Starting in March 2023, the minimum hourly wage in the country increased to 25.42 South African rands (comparable to 1.40 U.S. dollars), which represented an increase of 9.6 percent from 23.19 South African rands (1.27 U.S. dollars) per hour in the preceding year. On the other hand, professionals in executive and change management positions were paid the highest salaries in South Africa, with an average of 74,000 U.S. dollars yearly. Individuals with jobs in retail, trade, and craft followed, receiving an average of 66,000 U.S. dollars per annum.       Highest unemployment among Black South Africans In 2022, the unemployment rate in South Africa was nearly 30 percent following an increasing trend since 2008. The rate was highest among Black South Africans reaching as high as 36.8 percent in the second quarter of 2023. Moreover, Colored South Africans followed with around 22 percent, while white South Africans had a much lower unemployment rate of over 7 percent.

As of 2024, Morocco had the highest average monthly salaries in Africa. Employees in the country earned around 2,030 U.S. dollars per month. South Africa and Tunisia followed, with average monthly salaries amounting to 2,026 U.S. dollars and 1,348 U.S. dollars, respectively.

Explore the progression of average salaries for graduates in 3 Year Bachelor Of Science In Computer Science-Univ. Of South Africa from 2020 to 2023 through this detailed chart. It compares these figures against the national average for all graduates, offering a comprehensive look at the earning potential of 3 Year Bachelor Of Science In Computer Science-Univ. Of South Africa relative to other fields. This data is essential for students assessing the return on investment of their education in 3 Year Bachelor Of Science In Computer Science-Univ. Of South Africa, providing a clear picture of financial prospects post-graduation.

As of 2024, the average annual salary of selected high-paid professions in South Africa was highest among radiation oncologists, with 2.26 million South African rand (around 125,516 U.S. dollars) per annum. Neurosurgeons followed, with 1.85 million South African rand (approximately 102,720) per year.

South Africa Annual Salary: Mining data was reported at 114,007,939.430 ZAR th in 2015. This records an increase from the previous number of 102,146,421.459 ZAR th for 2014. South Africa Annual Salary: Mining data is updated yearly, averaging 21,090,383.127 ZAR th from Dec 1984 (Median) to 2015, with 32 observations. The data reached an all-time high of 114,007,939.430 ZAR th in 2015 and a record low of 4,614,710.310 ZAR th in 1984. South Africa Annual Salary: Mining data remains active status in CEIC and is reported by Department of Mineral Resources. The data is categorized under Global Database’s South Africa – Table ZA.G031: Gross Employee Earnings: Mining Sector.

South Africa ZA: Wages Index data was reported at 275.340 2010=100 in 2018. This records an increase from the previous number of 261.578 2010=100 for 2017. South Africa ZA: Wages Index data is updated yearly, averaging 127.770 2010=100 from Dec 2009 (Median) to 2018, with 10 observations. The data reached an all-time high of 275.340 2010=100 in 2018 and a record low of 87.920 2010=100 in 2009. South Africa ZA: Wages Index data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s South Africa – Table ZA.IMF.IFS: Wages, Labour Cost and Employment Index: Annual.

Wages in Manufacturing in South Africa increased to 24088 ZAR/Month in the fourth quarter of 2024 from 23735 ZAR/Month in the third quarter of 2024. This dataset provides - South Africa Total Quarterly Wages in Manufacturing - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Explore the progression of average salaries for graduates in Middle Eastern, South Asian And African Studies Middle Eastern Studies from 2020 to 2023 through this detailed chart. It compares these figures against the national average for all graduates, offering a comprehensive look at the earning potential of Middle Eastern, South Asian And African Studies Middle Eastern Studies relative to other fields. This data is essential for students assessing the return on investment of their education in Middle Eastern, South Asian And African Studies Middle Eastern Studies, providing a clear picture of financial prospects post-graduation.

Key information about South Africa Monthly Earnings

• South Africa Monthly Earnings stood at 1,547 USD in Aug 2024, compared with the previous figure of 1,470 USD in May 2024
• South Africa Monthly Earnings data is updated quarterly, available from Nov 2004 to Aug 2024, with an average number of 1,473 USD
• The data reached the an all-time high of 1,877 USD in Aug 2011 and a record low of 968 USD in Feb 2009

CEIC converts Monthly Earnings into USD. Statistics South Africa provides Nominal Average Monthly Earnings in local currency based on 2016 Business Sampling Frame. Federal Reserve Board average market exchange rate is used for currency conversions. Monthly Earnings exclude Agriculture sector. Monthly Earnings prior to Q2 2015 are based on 2013 Business Sampling Frame and prior to Q2 2013 are based on 2009 Business Sampling Frame. Monthly Earnings are in quarterly frequency, ending in February, May, August, November of each year.


Further information about South Africa Monthly Earnings

• In the latest reports, South Africa Population reached 61 million people in Jun 2022
• Unemployment Rate of South Africa dropped to 32 % in Sep 2024
• The country's Labour Force Participation Rate dropped to 60 % in Sep 2024

The latest data indicates that the average yearly salary in South Africa is approximately R 330,000. This figure varies significantly based on location and industry, with major cities like Johannesburg and Cape Town typically offering higher salaries. The median monthly gross salary is estimated at R 27,500, with considerable variations between regions.

In 2016, post and associated courier activities in South Africa employed 36,337 people. In that same year, average salaries and wages in the South African post industry amounted to 168,274 South African Rand

South Africa ZA: Price to Income Ratio: sa data was reported at 90.320 2015=100 in 2024. This records a decrease from the previous number of 92.422 2015=100 for 2023. South Africa ZA: Price to Income Ratio: sa data is updated yearly, averaging 98.221 2015=100 from Dec 1995 (Median) to 2024, with 30 observations. The data reached an all-time high of 132.663 2015=100 in 2007 and a record low of 71.323 2015=100 in 1997. South Africa ZA: Price to Income Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s South Africa – Table ZA.OECD.AHPI: House Price Index: Seasonally Adjusted: Non OECD Member: Annual. Nominal house prices divided by nominal disposable income per head. Net household disposable income is used. The population data come from the OECD national accounts database.

South Africa ZA: Wage And Salary Workers: Modeled ILO Estimate: Male: % of Male Employment data was reported at 82.704 % in 2017. This records a decrease from the previous number of 82.712 % for 2016. South Africa ZA: Wage And Salary Workers: Modeled ILO Estimate: Male: % of Male Employment data is updated yearly, averaging 82.653 % from Dec 1991 (Median) to 2017, with 27 observations. The data reached an all-time high of 84.146 % in 2008 and a record low of 79.848 % in 1991. South Africa ZA: Wage And Salary Workers: Modeled ILO Estimate: Male: % of Male Employment data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s South Africa – Table ZA.World Bank: Employment and Unemployment. Wage and salaried workers (employees) are those workers who hold the type of jobs defined as 'paid employment jobs,' where the incumbents hold explicit (written or oral) or implicit employment contracts that give them a basic remuneration that is not directly dependent upon the revenue of the unit for which they work.; ; International Labour Organization, ILOSTAT database. Data retrieved in November 2017.; Weighted average; Data up to 2016 are estimates while data from 2017 are projections.

Seychelles recorded the highest Gross National Income (GNI) per capita in Africa as of 2023, at 16,940 U.S. dollars. The African island was, therefore, the only high-income country on the continent, according to the source's classification. Mauritius, Gabon, Botswana, Libya, South Africa, Equatorial Guinea, Algeria, and Namibia were defined as upper-middle-income economies, those with a GNI per capita between 4,516 U.S. dollars and 14,005 U.S. dollars. On the opposite, 20 African countries recorded a GNI per capita below 1,145 U.S. dollars, being thus classified as low-income economies. Among them, Burundi presented the lowest income per capita, some 230 U.S. dollars. Poverty and population growth in Africa Despite a few countries being in the high income and upper-middle countries classification, Africa had a significant number of people living under extreme poverty. However, this number is expected to decline gradually in the upcoming years, with experts forecasting that this number will decrease to almost 400 million individuals by 2030 from nearly 430 million in 2023, despite the continent currently having the highest population growth rate globally. African economic growth and prosperity In recent years, Africa showed significant growth in various industries, such as natural gas production, clean energy generation, and services exports. Furthermore, it is forecast that the GDP growth rate would reach 4.5 percent by 2027, keeping the overall positive trend of economic growth in the continent.

Adjusted net national income (annual % growth) in South Africa was reported at 6.8356 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Africa - Adjusted net national income (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on April of 2025.

Adjusted net national income per capita (annual % growth) in South Africa was reported at 5.2024 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. South Africa - Adjusted net national income per capita (annual % growth) - actual values, historical data, forecasts and projections were sourced from the World Bank on May of 2025.

In 2016, average salaries and wages in the air transport segment of transport and storage industry in South Africa corresponded to 525,141 South African Rand. That same year, the transport and storage industry in South Africa employed 332,000 people.

This dataset provides values for MINIMUM WAGES reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Abstract

The Income and Expenditure Survey is conducted every five years in South Africa.The main purpose of the survey is to determine the average expenditure patterns of households in different areas of the country. This survey forms the basis for the determination of the “basket” of consumer goods and services used for the calculation of the Consumer Price Index. The IES is based on the sample for the rotating panel of the twice yearly Labour force Survey (LFS). The IES 2000 was conducted in October 2000.

Geographic coverage

The survey had national coverage

Analysis unit

The units of analysis in the survey are households and individuals

Universe

The survey covered all household members

Kind of data

Sample survey data [ssd]

Mode of data collection

Face-to-face [f2f]