Today, we shall look at the highest paying companies in South Africa that offers employment opportunities to qualified candidates.
In the world of today, job satisfaction is not only dependent on interest on the job, but the pay is also a very important factor to consider. South Africa as of today boasts of the second largest economy in Africa behind Nigeria. The most southern country on the continent has a population of over 53 million that ranks it within the top ten most populated countries in Nigeria.
South Africa is no doubt a beautiful country with breathtaking landscapes. Found within this country are some of the most beautiful cities on the continent. Cities such as Johannesburg, Cape Town and Durban are some of the top tourist’s destinations on the continent.
HIGHEST PAYING COMPANIES IN SOUTH AFRICA
Generally, citizens of South Africa are naturally friendly and it is quite easy to live and do business in the country. The country is racially diverse with all races present in the country. There are lots of opportunities for those interested in setting up business in the country. The country is rich in natural resources.
The mining sector of South Africa is thriving and is one of the best in Africa. The country is also at the forefront of major development in Africa. Several top technology countries operating in several countries on the continent have South African roots.
All in all, the country is thriving. The standard of living in South Africa is much better than what obtains in most other African countries where the poverty level is very high. The minimum wage in South Africa currently stands at $1.58 an hour which is converted to 20 Rand an hour.
We take a look at the top companies paying big money to employees on their pay role in South Africa. The figures quoted here is the average salary earned by employees in each of the listed companies. So enjoy our list of highest paying companies in South Africa.
South Africa is known as the Republic of South Africa officially and is bounded on the south by the South Africa coastline that stretches 2,798 kilometers along the South Atlantic and Indian Oceans. In the north, South Africa shares border with Namibia, Botswana, and Zimbabwe, and in the east, it shares a border with Mozambique, Swaziland, and Lesotho.
- Average Salary: R619 370
SENTECH SOC Limited is a State-Owned Enterprise that is currently operating in the broadcast signal distribution as well as telecommunications sectors of the South African economy. The company reports to the Minister of Telecommunications and Postal Services. The company began operations as a technical division of the South African Broadcasting Corporation (SABC). It was responsible for signal distribution services of the Corporation.
In the year 1992, the SENTECH was corporate by the SABC and became a wholly owned subsidiary of the Corporation. In the year 1996, the SENTECH Act 63 of 1996 was amended and this allowed the conversion of SENTECH into a separate public company that is responsible for providing broadcasting signal distribution services as a common carrier to licensed television and radio broadcasters.
The company is licensed to provide Electronic Communications Network Services (ECNS) as well as Electronic Communications Services (ECS) services as stipulated under the Electronic Communications Act (ECA). The company is all about connecting you to the world and connecting the world to you. Employees on the payroll of SENTECH are well paid and the average salary earned is R619, 370 annually.
- Average Salary: R612 147
The Independent Communications Authority of South Africa known as ICASA is an independent regulatory body of the South African government that was established in the year 2000 by the ICASA Act to regulate both the telecommunications as well as the broadcasting sectors in the public interest.
In the past, telecommunications and broadcasting services operated separately and so was the regulation of both sectors. Broadcasting in South Africa then was regulated by the Independent Broadcasting Authority (IBA) while telecommunications were regulated by the South African Telecommunications Regulatory Authority (SATRA).
Advanced and rapid technological developments have led to the merging of both broadcasting and telecommunications services. This also influenced the convergence of regulation resulting in the merger of the IBA and SATRA. ICASA currently functions under the Department of Communications (DoC). The council was initially composed of seven Council members.
The ICASA amendment Act of the year 2006 included the Postal services, previously regulated by the Postal Authority into ICASA’s mandate and thus increased the Council members from seven to nine to accommodate new members from the Postal Authority. ICASA rewards its workers handsomely with an average annual salary of R612,147.
- Average Salary: R608 906
Broadband Infraco SOC is a state-owned enterprise that intends to improve market efficiency in the long-distance connectivity segment by increasing the available long-distance network infrastructure. Employees of this company earn around R608, 906 per annum.
Vodacom South Africa
- Average Salary: R603, 167
Vodacom Group Limited (Vodacom) is an African mobile communications company that currently provides voice, messaging, data and also converged services to over 55 million customers spread all over Africa. The company’s headquarters is located in Johannesburg, South Africa.
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From its roots in Africa, the company has grown its operations to include networks in Tanzania, the Democratic Republic of Congo, Mozambique, and Lesotho in addition to providing business services to customers in over 40 African countries such as Nigeria, Zambia, and Angola where the company currently operates.
The company was formerly owned on a 50:50 basis by the African telecommunications group Telkom and multinational operator Vodafone. On the 6th of November 2008, Vodafone announced that it had reached an agreement to increase its stake to 65%, while Telkom said that it would sell off the rest of its holding by listing it on the Johannesburg Stock Exchange.
On the 1st of April 1, 2011, the company officially unveiled its new change in branding from the old blue color to red, using the same style as its new parent company, Vodafone. Employees of the company earn on the average a take-home pay of R603, 167.
- Average Salary: R586 370
South African Broadcasting Corporation, SABC places value on conversations and partnerships, the restoration of human dignity and also building a common future. If you are desirous of a career in the broadcasting sector, SABC offers you a chance to attain this dream. The average pay for workers in SABC is R586, 370 per annum.
- Average Salary: R492 546
The company is a complete ICT systems integrator that provides solutions as well as services across the full information value chain to its numerous customers. The company was listed on the main board of the JSE in 1998. It has grown in strength ever since it was listed in 1998. The average pay for workers is R492, 546
- Average Salary: R475 191
With over 24 years of existence under its belt, Telkom has done everything; from keeping businesses connected to keeping mobile devices connected while you’re on the go. Also, in line with the company’s goals on the go too, Telkom is very passionate about recruiting professionals who are eager and willing to learn and who also possess the drive to succeed. The average yearly take-home pay of workers of Telkom is R475, 191. That is huge, this is one of the reasons it made our highest paying companies in South Africa list.
MTN South Africa
- Average Salary: R380 335
MTN is a very famous company with millions of subscribers on its network spread across the African continent. MTN is focused on providing world-class communication access to Africans all over the continent. The average yearly salary for workers in MTN is R380, 335.
- Average Salary: R379 513
Digicore has over 30 years’ experience in the development and implementation of end-to-end vehicle tracking, fleet management as well as insurance telematics solutions. The company has made it very easy for over 950 000 customers to track their vehicles.
- Average Salary: R354 801
Rounding up this list is Altron, short for Allied Electronic Corporation Limited. It is a company that is all about things tech. Through its three main subsidiaries, Allied Technologies Limited, Bytes Limited and Power technologies Limited, Altron has invested in telecommunications, multi-media, information technology, and power electronics industries. Yearly pay on the average for workers is R354, 801.
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CONCLUSION ON HIGHEST PAYING COMPANIES IN SOUTH AFRICA
The companies on this list rank high amongst their peers in terms of average take-home pay of their workers. If you are looking for companies that pay the most in South Africa, this list is your guide.
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