FINANCE MANAGER / SALARY
SOUTH AFRICA

SALARY SURVEYS

57

UPDATED
April 2024
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AVERAGE SALARY / YEAR

MOST TYPICAL SALARY / YEAR

Gross income

Net (after tax)

18.3 ZAR = 1 USD

1,217,728 ZAR

$66,560 USD

Johannesburg

1,415,975 ZAR

1,134,302 ZAR

$62,000 USD

Including "Johannesburg"

Excluding "Johannesburg"

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Average Salary / Finance Manager / South Africa

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Average salary for Finance Manager / South Africa is 1,217,728 ZAR per year. The most typical earning is 1,134,302 ZAR. All data are based on 57 salary surveys. Salaries are different between men and women. Men receive an average salary of 1,333,720 ZAR. Women receive a salary of 1,070,269 ZAR.

Based on education, the highest salaries receive people with Masters Degree with salary of 1,337,379 ZAR. The second most paid education level is Bachelors Degree with salary of 1,304,447 ZAR.

Different experiences affect earning as well. People with 20+ Years of experience receive salary of 2,358,251 ZAR. Employees with 12-16 Years of experience receive 1,300,788 ZAR.

Levels / Finance Manager / 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	0	n/a
183,000 ZAR - 274,399 ZAR	0	n/a
274,400 ZAR - 365,899 ZAR	1	100% 1.75%
365,900 ZAR - 457,399 ZAR	3	98.25% 5.26%
457,400 ZAR - 548,799 ZAR	2	92.98% 3.51%
548,900 ZAR - 640,299 ZAR	2	89.47% 3.51%
640,300 ZAR - 731,799 ZAR	3	85.96% 5.26%
731,800 ZAR - 823,299 ZAR	3	80.7% 5.26%
823,300 ZAR - 914,699 ZAR	1	75.44% 1.75%
914,800 ZAR - 1,006,199 ZAR	5	73.68% 8.77%
1,006,200 ZAR - 1,097,699 ZAR	7	64.91% 12.28%
THE MOST TYPICAL SALARY
1,097,700 ZAR - 1,189,199 ZAR	8	52.63% 14.04%
1,189,200 ZAR - 1,280,599 ZAR	5	38.6% 8.77%
1,280,700 ZAR - 1,372,099 ZAR	3	29.82% 5.26%
1,372,100 ZAR - 1,463,599 ZAR	1	24.56% 1.75%
1,463,600 ZAR - 1,555,099 ZAR	3	22.81% 5.26%
1,555,100 ZAR - 1,646,499 ZAR	1	17.54% 1.75%
1,646,600 ZAR - 1,737,999 ZAR	1	15.79% 1.75%
1,738,000 ZAR - 1,829,499 ZAR	1	14.04% 1.75%
1,829,500 ZAR - 1,920,999 ZAR	3	12.28% 5.26%
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	2	7.02% 3.51%
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	1	3.51% 1.75%
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	0	n/a
4,573,800 ZAR - 6,403,299 ZAR	1	1.75% 1.75%

Gender / Finance Manager / South Africa (Gross ZAR)

#		Surveys		AVERAGE SALARY / YEAR
1	Men	24	1,333,720 ZAR
2	Women	23	1,070,269 ZAR

Education / Finance Manager / South Africa (Gross ZAR)

#		Surveys
1	Masters Degree	11	1,337,379 ZAR
2	Bachelors Degree	37	1,304,447 ZAR
3	Some College	6	788,523 ZAR
4	High School	3	558,003 ZAR

Experience / Finance Manager / South Africa (Gross ZAR)

#		Surveys
1	20+ Years	5	2,358,251 ZAR
2	12-16 Years	9	1,300,788 ZAR
3	8-12 Years	14	1,187,358 ZAR
4	1-2 Years	2	1,103,200 ZAR
5	4-8 Years	16	1,075,757 ZAR
6	2-4 Years	5	982,452 ZAR
7	0-1 Year	2	832,431 ZAR
8	16-20 Years	4	828,772 ZAR

Age / Finance Manager / South Africa (Gross ZAR)

#		Surveys
1	46-50	2	2,532,055 ZAR
2	41-45	3	1,458,127 ZAR
3	n/a	10	1,280,664 ZAR
4	36-40	9	1,242,244 ZAR
5	31-35	16	1,209,312 ZAR
6	26-30	15	1,030,019 ZAR
7	21-25	1	722,660 ZAR
8	56-60	1	459,209 ZAR

Work Type / Finance Manager / South Africa (Gross ZAR)

#		Surveys
1	Permanent	54	1,231,266 ZAR
2	Part Time	1	1,035,508 ZAR
3	Contract	2	965,986 ZAR

Cities / Finance Manager / South Africa (Gross ZAR)

#		Surveys
1	Tshwane	1	1,796,588 ZAR
2	Emalahleni	2	1,734,384 ZAR
3	Mangaung	1	1,500,206 ZAR
4	Johannesburg	31	1,416,048 ZAR
5	eThekwini	2	971,475 ZAR
6	Cape Town	13	942,202 ZAR
7	Ekurhuleni	1	810,477 ZAR
8	Nelson Mandela Bay Metro	2	799,500 ZAR
9	Buffalo, South Africa	1	567,151 ZAR
10	--Other--	3	525,072 ZAR

People's individual salary examples (surveys)

Finance Director

Posted 18 July 2022
Key knowledge and tasks

"Compiliation of Management accounts."

City	Education	Experience	Knowledge	Gross salary / year
Cape Town	Bachelors Degree	2-4 Years	Advanced	899,100 ZAR

Financial Manager

Posted 11 July 2022
Key knowledge and tasks

"Payroll and Accounting to balance sheet."

City	Education	Experience	Knowledge	Gross salary / year
Johannesburg	High School	16-20 Years	Expert	459,500 ZAR

Finance Manager

Posted 22 November 2021
Key knowledge and tasks

"Finance function."

City	Education	Experience	Knowledge	Gross salary / year
Johannesburg	Masters Degree	1-2 Years	Expert	1,013,900 ZAR

Commercial Manager

Posted 09 March 2021
Key knowledge and tasks

"Supply chain. Security, audit and governance, information management, financial reporting and budgeting, performance reviews, people development, business risks."

City	Education	Experience	Knowledge	Gross salary / year
Emalahleni	Bachelors Degree	12-16 Years	n/a	2,144,900 ZAR

Chief Commercial Officer

Posted 16 January 2021
Key knowledge and tasks

"Chartered accountant, finance manager, leadership, strategy."

City	Education	Experience	Knowledge	Gross salary / year
Johannesburg	Masters Degree	4-8 Years	n/a	1,035,500 ZAR

Treasury Manager

Posted 07 December 2020
Key knowledge and tasks

"Fundraising, risk and control, strategy, forecasting."

City	Education	Experience	Knowledge	Gross salary / year
Johannesburg	Bachelors Degree	8-12 Years	n/a	1,533,000 ZAR

Finance Manager

Posted 27 October 2020
Key knowledge and tasks

"Finance Manager."

City	Education	Experience	Knowledge	Gross salary / year
Cape Town	Bachelors Degree	4-8 Years	n/a	794,700 ZAR

Financial Manager

Posted 12 October 2020
Key knowledge and tasks

"Everything in the finance department."

City	Education	Experience	Knowledge	Gross salary / year
Cape Town	Bachelors Degree	2-4 Years	n/a	711,300 ZAR

Senior Finance Business Partner

Posted 29 July 2020
Key knowledge and tasks

"Budgeting
forecasting
analysis."

City	Education	Experience	Knowledge	Gross salary / year
Johannesburg	Bachelors Degree	2-4 Years	n/a	1,046,100 ZAR

Senior Financial Manager

Posted 11 February 2020
Key knowledge and tasks

"Reporting and projects."

City	Education	Experience	Knowledge	Gross salary / year
Johannesburg	Bachelors Degree	8-12 Years	n/a	1,103,700 ZAR

Group Reporting Manager

Posted 21 December 2019
Key knowledge and tasks

"CA (SA)
Budgeting
Finance Reporting
Managing audit and financial statements
Internal Controls
Tax compliance
Statutory compliance."

City	Education	Experience	Knowledge	Gross salary / year
Johannesburg	Bachelors Degree	8-12 Years	n/a	1,215,200 ZAR

Senior Financial Manager

Posted 04 November 2019
Key knowledge and tasks

"Senior Financial Manager
End to End financial reporting Reporting directly to the board."

City	Education	Experience	Knowledge	Gross salary / year
Johannesburg	Masters Degree	4-8 Years	n/a	1,149,000 ZAR

Finance Manager

Posted 18 September 2019
Key knowledge and tasks

"Human Resources, Assist with audits, preparation of budgets, monthly financials, financial analysis, accounting."

City	Education	Experience	Knowledge	Gross salary / year
Ekurhuleni	Bachelors Degree	8-12 Years	n/a	811,100 ZAR

Admin Finance

Posted 24 May 2019
Key knowledge and tasks

"Banking and all finances."

City	Education	Experience	Knowledge	Gross salary / year
Johannesburg	Some College	20+ Years	n/a	332,500 ZAR

Project Manager

Posted 01 May 2019
Key knowledge and tasks

"Project Manager for Financial Information Systems."

City	Education	Experience	Knowledge	Gross salary / year
Johannesburg	Some College	12-16 Years	n/a	1,209,800 ZAR

Treasurer

Posted 15 April 2019
Key knowledge and tasks

"Finance and treasury."

City	Education	Experience	Knowledge	Gross salary / year
Johannesburg	Bachelors Degree	20+ Years	n/a	4,731,200 ZAR

Financial Manager

Posted 11 March 2019
Key knowledge and tasks

"Financial Manager."

City	Education	Experience	Knowledge	Gross salary / year
eThekwini	Bachelors Degree	4-8 Years	n/a	1,022,200 ZAR

Financial Manager

Posted 12 February 2019
Key knowledge and tasks

"Supervise staff
Reporting
Financial statements
Management accounting."

City	Education	Experience	Knowledge	Gross salary / year
Cape Town	Bachelors Degree	12-16 Years	n/a	1,378,800 ZAR

Financial Manager

Posted 22 January 2019
Key knowledge and tasks

"Financial statements, budget's, management packs."

City	Education	Experience	Knowledge	Gross salary / year
Buffalo, South Africa	Bachelors Degree	16-20 Years	n/a	567,700 ZAR

Group Financial Manager

Posted 07 January 2019
Key knowledge and tasks

"Preparation of audit and board packs. Tax computation, debtors and creditors management. Financial statements preparation. Compliance with laws and regulations."

City	Education	Experience	Knowledge	Gross salary / year
Johannesburg	Masters Degree	8-12 Years	n/a	1,231,500 ZAR

Business Partner

Posted 02 January 2019
Key knowledge and tasks

"Head of reporting for Corporate Banking."

City	Education	Experience	Knowledge	Gross salary / year
Johannesburg	Bachelors Degree	4-8 Years	n/a	1,284,200 ZAR

Finance Manager Reporting

Posted 17 December 2018
Key knowledge and tasks

"Management accounts, Payroll administration, general finance and taxes."

City	Education	Experience	Knowledge	Gross salary / year
Johannesburg	Bachelors Degree	20+ Years	n/a	1,840,000 ZAR

Finance Manager Reinsurance

Posted 24 October 2018
Key knowledge and tasks

"Financial Reporting, Budgets, Treasury, Administraion, Operations, Tax, Solvency 2 returns."

City	Education	Experience	Knowledge	Gross salary / year
Johannesburg	Bachelors Degree	4-8 Years	n/a	1,150,000 ZAR

Finance And Bank Manager

Posted 17 August 2018
Key knowledge and tasks

"Manages team of 5 specialists in accounting, banking administration, Collective investments, offshore platform."

City	Education	Experience	Knowledge	Gross salary / year
Cape Town	Bachelors Degree	16-20 Years	n/a	1,169,900 ZAR

Financial Manager

Posted 23 March 2018
Key knowledge and tasks

"Head of Finance and Administration of team of 3."

City	Education	Experience	Knowledge	Gross salary / year
Johannesburg	Masters Degree	8-12 Years	n/a	966,000 ZAR

Finance Manager

Posted 17 January 2018
Key knowledge and tasks

"Responsible for full finance function."

City	Education	Experience	Knowledge	Gross salary / year
eThekwini	Bachelors Degree	4-8 Years	n/a	920,000 ZAR

FINANCE MANAGER / SALARY SOUTH AFRICA

57

1,217,728 ZAR

1,415,975 ZAR

1,134,302 ZAR

Average Salary / Finance Manager / South Africa

Levels / Finance Manager / South Africa (Gross ZAR)

Gender / Finance Manager / South Africa (Gross ZAR)

Education / Finance Manager / South Africa (Gross ZAR)

Experience / Finance Manager / South Africa (Gross ZAR)

Age / Finance Manager / South Africa (Gross ZAR)

Work Type / Finance Manager / South Africa (Gross ZAR)

Cities / Finance Manager / South Africa (Gross ZAR)

People's individual salary examples (surveys)

FINANCE MANAGER / SALARY
SOUTH AFRICA