Data from salary comparison and career resource group Salary Explorer lists 22 jobs in South Africa that draw in a total package over R1 million a year.
The group’s data represents a combination of user-reported data and salary information from various recruitment agencies, companies and employers.
According to Salary Explorer, the average annual salary in South Africa is R337,000 before taxes – or just over R28,000 a month.
Executives and managers, as a category, are the best paid, averaging R60,580 per month, ahead of independent jobs, and government and defence jobs.
On the opposite end, cleaning and house-keeping workers are paid the lowest on average, at R3,820 per month, below pet care workers and fitness, hair and beauty workers.
The bulk of R1 million-plus jobs in South Africa are in the management and executive category, with chief investment officers ranking at the top with an average salary of R1.68 million a year.
This is followed by a legal services director (R1.55 million) and an IT director (R1.49 million).
The table below lists the 22 jobs that pay over R1 million:
|Chief Investment Officer||Executive and Management||R140 400||R1 684 800|
|Legal Services Director||Legal||R129 333||R1 552 000|
|IT Director||Information Technology||R124 375||R1 492 500|
|Financial Systems Manager||Information Technology||R120 000||R1 440 000|
|Surgeon – Neurology||Health and Medical||R120 000||R1 440 000|
|Senior Sales Executive||Sales Retail and Wholesale||R119 000||R1 428 000|
|Assistant to CEO||Executive and Management||R117 019||R1 404 229|
|Corporate Director||Executive and Management||R115 000||R1 380 000|
|Market Segmentation Director||Marketing||R108 333||R1 300 000|
|Top R&D Executive||Business Planning||R108 333||R1 300 000|
|Director||Executive and Management||R103 125||R1 237 500|
|Program Director||Information Technology||R100 000||R1 200 000|
|Finance Executive||Accounting and Finance||R97 500||R1 170 000|
|Executive Human Capital Management||Human Resources||R95 500||R1 146 000|
|Managing Director||Executive and Management||R94 712||R1 136 545|
|Chief Executive Officer||Executive and Management||R90 140||R1 081 683|
|Project Director||Engineering||R90 000||R1 080 000|
|Demand Planning Manager||Purchasing and Inventory||R90 000||R1 080 000|
|Physician – Anesthesiology||Health and Medical||R88 528||R1 062 336|
|Senior Electrical Engineer||Engineering||R88 000||R1 056 000|
|Chief Financial Officer||Executive and Management||R87 677||R1 052 000|
|Inventory Manager||Sales Retail and Wholesale||R85 000||R1 020 000|
CEOs other directors at listed companies
A recent report released by PwC highlighted the average salaries earned by the top executives at listed companies.
Executives at small and medium-sized companies are more in-line with widely published salary data, with PwC putting the figures for CEOs at between R1.3 million and R2.5 million, and for Executive Directors at between R1 million and R2.1 million.
At big companies, these averages increase to between R3.3 million and R7.9 million for CEOs and between R2.1 million and R4.4 million for Executive Directors.
In a study conducted earlier in the year, recruitment specialist, Adzuna, noted growing diversity in jobs that offer R1 million-plus salaries, saying that although financial, digital and engineering positions claim the most of the R1 million+ positions advertised, directors from all sorts of industries are filling in the gaps.
Managing Directors, specifically, are fast approaching the R1 million mark, currently being offered R986,000 on average.