The finance and banking sector in South Africa is dominating as the best-paying industry, as per the latest 2024 salary guide by Michael Page. Investment bankers are earning up to R2,936,000 annually, making it a highly lucrative field along with roles like portfolio manager, financial manager, risk manager, and corporate banker.
- Finance and banking: R521,000-R2,936,000
- Technology: R441,000-R1,644,000
- Healthcare: R394,000-R1,244,000
- Engineering: R384,000-R1,144,000
- Sales and marketing: R361,000-R944,000
Johannesburg offers salaries 10%-20% higher than the national average, while Cape Town and Durban follow closely with slight variances. The resilient economy has led to rising demands for skilled professionals, with a focus on technical expertise in sectors like technology and renewable energy.
The market is cautiously optimistic, with an expected surge in recruitment demand seen in the second half of 2024. The government of national unity (GNU) is also contributing positively to the market, setting the stage for continued growth and stability in the job market.
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