The average accountants salary in South Africa can vary significantly based on factors like location, experience, and the type of accounting role.
This year, accounting remains a lucrative profession, especially for those with years of experience under their belts.
The Average Salary for Accountants
The average salary for an accountant in South Africa is estimated to be between R240,000 and R504,000 per year depending on experience.
Accountants in Johannesburg and Sandton tend to earn higher salaries, with an average monthly pay of R28,292 and higher in some cases.
For example:
- Entry-level accountants with less than 2 years of experience can expect to earn around R144,000 per year.
- Those with 4 to 6 years of experience can command an average salary of up to R504,000 per year.
Accountants in major cities like Durban, Pretoria, and Cape Town also enjoy competitive salaries, but professionals in Johannesburg and Sandton generally see the highest figures.
Breakdown by Location and Experience
- Johannesburg: Accountants here earn an average monthly salary of around R26,000 to R35,000 depending on experience. Senior accountants in Johannesburg can earn over R600,000 per year.
- Sandton: Known as a financial hub, salaries are similar to those in Johannesburg. In some cases, accountants in Sandton can expect a slight premium due to the concentration of corporate offices and financial institutions.
- Durban: Accountants in Durban may earn slightly less, with average annual salaries ranging from R200,000 to R350,000, depending on their experience and the company.
How Experience Influences Salary
- Entry-level accountants: Fresh graduates or those with less than 2 years of experience typically earn R144,000 to R180,000 per year, translating to about R13,750 per month.
- Experienced accountants: With 4 to 7 years of experience, accountants in Pretoria and Johannesburg can expect an annual salary of R400,000 to R550,000.
- Highly experienced accountants: Accountants with over 10 years of experience can command salaries of over R600,000 per year, with some reaching as high as R900,000 per year, particularly in senior financial roles.
Frequently Asked Questions About Accountants’ Salaries
Q: What is the average salary for accountants in South Africa in 2024?
The average salary for an accountant in South Africa ranges from R240,000 to R504,000 per year, depending on experience and location.
Q: How much does an accountant earn per month in Johannesburg?
Accountants in Johannesburg typically earn between R26,000 to R35,000 per month, depending on their years of experience.
Q: What is the salary for a senior accountant in Sandton?
Senior accountants in Sandton can earn over R600,000 per year, with those in senior roles making even more depending on their responsibilities.
Q: How does experience affect an accountant’s salary in South Africa?
Entry-level accountants with 0-2 years of experience earn around R144,000 to R180,000 per year, while those with 5+ years can expect salaries ranging from R400,000 to R600,000 per year.
Takeaway
The average accountants salary in South Africa reflects the demand for financial expertise across various industries.
With salaries varying based on location and experience, it’s clear that major cities like Johannesburg, Sandton, and Pretoria offer some of the highest earning potential, particularly for those with more than 5 years of experience.
However, even cities like Durban offer solid opportunities for financial professionals.