An accountant is a professional who is responsible for keeping and interpreting financial records. Most accountants are responsible for a wide range of finance-related tasks, either for individual clients or for larger businesses and organizations employing them.
Below are salaried Earn by Accountant In South Africa
Accountant Average Salary
The average salary for an Accountant in SA is R 245 500 gross per year (R 20 460 gross per month), which is 13% lower than South Africa’s national average salary.
Salary Range: an Accountant can expect an average starting salary of R 186 470. The highest salaries can exceed R 657 000.
Accountant Salary Range – South Africa
Among Accountants in South Africa, Trainee Accountants or Junior Accountants tend to have the lowest salaries, while more experienced and qualified Professional Accountants enjoy the highest salaries.
Accountant – Pay by Experience Level
In South Africa, an Entry Level Accountant with less than three years of experience can expect to earn an average compensation of R 200 000 gross per year. An intermediate level Accountant with 4-9 years of experience earns an average salary of R 240 000, while a Senior Accountant with 10-20 years of experience makes on average R 330 000. Accountants with more than 20 years of experience may earn more than R 500 000 yearly.
How Work Experience Affects the Salary of an Accountant in SA
|Late Career||▲ +104%|
|Average Salary||R 245 500/year|
|Intermediate Level||▼ -2%|
|Entry Level||▼ -19%|
Accounting and Finance Salaries In South Africa
|QUALIFIED CA (SA) OR CIMA||ANNUAL SALARY|
|Newly qualified CA (SA)||R550 000 – R680 000|
|CA (SA) 6+ years experience||R1 000 000 – R1 400 000|
|CA (SA) 4+ years experience||R800 000 – R950 000|
|CA (SA) 2+ years experience||R650 000 – R780 000|
What type of accountant gets paid the most in South Africa?
Chief Financial Officer (JSE Top 200)
Of course, the person who occupies this position is going to be a rather wealthy person; taking home around R2,000,000, with the pay getting as high as R3,200,000 per year making it the highest paying accounting job in South Africa.
How much does a junior accountant earn in South Africa?
The average junior accountant salary in South Africa is R 240 000 per year or R 123 per hour. Entry-level positions start at R 180 000 per year, while most experienced workers make up to R 2 359 680 per year.
How much does a trainee accountant earn in South Africa?
Accountant Trainee Salaries
|Deloitte Trainee Accountant salaries – 8 salaries reported||ZAR 245,127/yr|
|Moore Global Trainee Accountant salaries – 6 salaries reported||ZAR 15,669/mo|
|BDO Trainee Accountant salaries – 5 salaries reported||ZAR 25,000/mo|
|PwC Accountant salaries – 5 salaries reported||ZAR 25,735/mo|
Are accountants in demand in South Africa?
A Chartered Accountant (CA) is the highest professional qualification in accounting in South Africa and CA’s are most in-demand in the job market.
Is accounting a good career in South Africa?
Accountancy has become an exciting career that involves working with the latest accounting software. A good Accountant stays up to date with rapidly changing business and professional trends. The current shortage of chartered accountants in South Africa makes it one of the highest-paid professions in the country.
Is accounting hard in South Africa?
Accounting can be tough. The course load is quite intense, with classes in mathematics, finance, business, and accounting. While some concepts can be challenging, by studying the material and taking the time to make sure you fully understand accounting principles, you can be successful.
How long does it take to become an accountant in South Africa?
To become a registered Professional Accountant (SA) you will need to complete a degree or Diploma from a South African Institute of Professional Accountants (SAIPA) -an accredited institution as well as a three-year learner ship at an accredited training center, or complete six years of verifiable experience.