If you’re an accountant in South Africa, you might wonder how your salary compares to others in the field.
The average accountants salary in 2024 sits at R296,079 per year, but it can vary widely based on experience, location, and the sector you’re working in.
Factors Affecting an Accountant’s Salary
- Years of Experience: Entry-level accountants, especially those with less than three years of experience, tend to earn on the lower end of the spectrum, with average annual salaries around R180,000 to R280,000. With five to ten years under your belt, you can expect your salary to jump to R500,000 or more annually.
- Location: Salaries can vary depending on where you work. Accountants in cities like Durban and Johannesburg typically see higher salaries, with some earning as much as R33,142 per month. Meanwhile, those in smaller towns may earn slightly less.
- Industry and Role: Specialized roles, such as tax accountants or financial accountants, can command higher salaries. For example, tax accountants earn between R350,000 to R534,000 per year, depending on experience. Senior financial accountants can make over R500,000 per year.
Salary Growth by Experience
An accountant’s salary typically grows with their experience:
- 1-3 years: R180,000 to R280,000 per year.
- 4-7 years: R350,000 to R450,000.
- 10+ years: Can reach as high as R800,000 to R1,500,000 per year in specialized roles.
Frequently Asked Questions About Accountant Salaries
Q: What is the average salary per month for accountants in South Africa?
On average, accountants earn about R25,800 to R33,000 per month. This varies based on location, experience, and specialization.
Q: How much do entry-level accountants make?
Entry-level accountants typically earn between R180,000 and R280,000 per year, depending on the company and location.
Q: What are the highest paying cities for accountants in South Africa?
Cities like Johannesburg, Durban, and Cape Town often offer higher salaries for accountants compared to smaller towns.
Q: What impact do years of experience have on an accountant’s salary?
Experience significantly influences salary. An accountant with more than ten years of experience can earn between R1,000,000 and R1,500,000 per year, especially in senior roles.