FINANCIAL ACCOUNTANT / SALARY
SOUTH AFRICA

SALARY SURVEYS

16

UPDATED
April 2024
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AVERAGE SALARY / YEAR

MOST TYPICAL SALARY / YEAR

Gross income

Net (after tax)

18.3 ZAR = 1 USD

871,985 ZAR

$47,662 USD

Johannesburg

1,013,700 ZAR

493,970 ZAR

$27,000 USD

Including "Johannesburg"

Excluding "Johannesburg"

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Average Salary / Financial Accountant / South Africa

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Average salary for Financial Accountant / South Africa is 871,985 ZAR per year. The most typical earning is 493,970 ZAR. All data are based on 16 salary surveys. Salaries are different between men and women. Men receive an average salary of 528,731 ZAR. Women receive a salary of 583,616 ZAR.

Based on education, the highest salaries receive people with Masters Degree with salary of 4,440,245 ZAR. The second most paid education level is Bachelors Degree with salary of 664,115 ZAR.

Different experiences affect earning as well. People with 16-20 Years of experience receive salary of 1,787,441 ZAR. Employees with 2-4 Years of experience receive 815,965 ZAR.

Levels / Financial Accountant / South Africa (Gross ZAR)

Salary Levels (ZAR) per Year	Surveys	[%]
54,900 ZAR - 91,499 ZAR	0	n/a
91,500 ZAR - 182,899 ZAR	1	100% 6.25%
183,000 ZAR - 274,399 ZAR	0	n/a
274,400 ZAR - 365,899 ZAR	0	n/a
365,900 ZAR - 457,399 ZAR	1	93.75% 6.25%
THE MOST TYPICAL SALARY
457,400 ZAR - 548,799 ZAR	4	87.5% 25%
548,900 ZAR - 640,299 ZAR	2	62.5% 12.5%
640,300 ZAR - 731,799 ZAR	3	50% 18.75%
731,800 ZAR - 823,299 ZAR	3	31.25% 18.75%
823,300 ZAR - 914,699 ZAR	0	n/a
914,800 ZAR - 1,006,199 ZAR	0	n/a
1,006,200 ZAR - 1,097,699 ZAR	0	n/a
1,097,700 ZAR - 1,189,199 ZAR	0	n/a
1,189,200 ZAR - 1,280,599 ZAR	1	12.5% 6.25%
1,280,700 ZAR - 1,372,099 ZAR	0	n/a
1,372,100 ZAR - 1,463,599 ZAR	0	n/a
1,463,600 ZAR - 1,555,099 ZAR	0	n/a
1,555,100 ZAR - 1,646,499 ZAR	0	n/a
1,646,600 ZAR - 1,737,999 ZAR	0	n/a
1,738,000 ZAR - 1,829,499 ZAR	0	n/a
1,829,500 ZAR - 1,920,999 ZAR	0	n/a
1,921,000 ZAR - 2,012,499 ZAR	0	n/a
2,012,500 ZAR - 2,103,899 ZAR	0	n/a
2,103,900 ZAR - 2,195,399 ZAR	0	n/a
2,195,400 ZAR - 2,286,899 ZAR	0	n/a
2,286,900 ZAR - 2,378,399 ZAR	0	n/a
2,378,400 ZAR - 2,469,799 ZAR	0	n/a
2,469,900 ZAR - 2,561,299 ZAR	0	n/a
2,561,300 ZAR - 2,652,799 ZAR	0	n/a
2,652,800 ZAR - 2,744,299 ZAR	0	n/a
HIGH SALARIES
2,744,300 ZAR - 2,927,199 ZAR	0	n/a
2,927,200 ZAR - 3,110,199 ZAR	0	n/a
3,110,200 ZAR - 3,293,099 ZAR	0	n/a
3,293,100 ZAR - 3,476,099 ZAR	0	n/a
3,476,100 ZAR - 3,658,999 ZAR	0	n/a
3,659,000 ZAR - 3,841,999 ZAR	0	n/a
3,842,000 ZAR - 4,024,899 ZAR	0	n/a
4,024,900 ZAR - 4,207,899 ZAR	0	n/a
4,207,900 ZAR - 4,390,799 ZAR	0	n/a
4,390,800 ZAR - 4,573,799 ZAR	1	6.25% 6.25%
4,573,800 ZAR - 6,403,299 ZAR	0	n/a

Gender / Financial Accountant / South Africa (Gross ZAR)

#		Surveys		AVERAGE SALARY / YEAR
1	Women	6	583,616 ZAR
2	Men	4	528,731 ZAR

Education / Financial Accountant / South Africa (Gross ZAR)

#		Surveys
1	Masters Degree	1	4,440,245 ZAR
2	Bachelors Degree	10	664,115 ZAR
3	Some College	5	574,469 ZAR

Experience / Financial Accountant / South Africa (Gross ZAR)

#		Surveys
1	16-20 Years	3	1,787,441 ZAR
2	2-4 Years	3	815,965 ZAR
3	8-12 Years	5	634,843 ZAR
4	4-8 Years	4	612,889 ZAR
5	20+ Years	1	514,095 ZAR

Age / Financial Accountant / South Africa (Gross ZAR)

#		Surveys
1	n/a	6	1,388,605 ZAR
2	31-35	3	720,830 ZAR
3	36-40	2	574,469 ZAR
4	26-30	3	543,367 ZAR
5	46-50	1	514,095 ZAR
6	51-55	1	166,486 ZAR

Work Type / Financial Accountant / South Africa (Gross ZAR)

#		Surveys
1	Permanent	12	1,006,236 ZAR
2	Contract	3	567,151 ZAR
3	Self Employed	1	166,486 ZAR

Cities / Financial Accountant / South Africa (Gross ZAR)

#		Surveys
1	Johannesburg	10	1,013,554 ZAR
2	Tshwane	1	722,660 ZAR
3	Cape Town	5	618,377 ZAR

People's individual salary examples (surveys)

Finance Manager

Posted 12 January 2022
Key knowledge and tasks

"Management accounts review and audit support."

City	Education	Experience	Knowledge	Gross salary / year
Johannesburg	Bachelors Degree	8-12 Years	Advanced	718,600 ZAR

Financial Accountant

Posted 29 November 2019
Key knowledge and tasks

"Hybrid Financial accountant / Payroll administrator."

City	Education	Experience	Knowledge	Gross salary / year
Cape Town	Bachelors Degree	4-8 Years	n/a	635,300 ZAR

Professional Accountant

Posted 26 September 2019
Key knowledge and tasks

"Provide accounting, tax compliance and payroll services to clients for a fee. 
Compilation of annual financial statements. 
Preparation and submission of periodic VAT returns including responding to a SARS review/audit."

City	Education	Experience	Knowledge	Gross salary / year
Johannesburg	Bachelors Degree	16-20 Years	n/a	166,300 ZAR

Finance Business Partner

Posted 11 April 2019
Key knowledge and tasks

"Prepare, support and partner with allocated Division to ensure delivery of financial reporting, planning and forecasting of Divisional Budgets."

City	Education	Experience	Knowledge	Gross salary / year
Cape Town	Bachelors Degree	8-12 Years	n/a	429,900 ZAR

Cost & Management Accountant

Posted 10 December 2018
Key knowledge and tasks

"Forecasting, Reporting."

City	Education	Experience	Knowledge	Gross salary / year
Cape Town	Bachelors Degree	8-12 Years	n/a	679,200 ZAR

Junior Accountant

Posted 29 October 2018
Key knowledge and tasks

"Junior management accountant."

City	Education	Experience	Knowledge	Gross salary / year
Johannesburg	Some College	4-8 Years	n/a	481,500 ZAR

FINANCIAL ACCOUNTANT / SALARY SOUTH AFRICA

16