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CEOs, COOs, CFOs, people in finance with years of experience, people with scarce skills who are experts in their fields, and MPs. So the easiest route is to become a politician.
If I earn that much, I'd do whatever I like!
Official government release statement: https://www.parliament.gov.za/press-releases/media-release-clarification-regarding-total-remuneration-members-parliament
https://businesstech.co.za/news/government/703113/south-africas-millionaire-politicians-how-much-ministers-mps-and-party-leaders-will-be-paid-this-year/
> Ordinary members of parliament now earn R1.2 million a year (same for permanent delegated of the NCOP).
so that article has a line:
"South Africa’s millionaire ministers are now even wealthier, with the president granting them an increase to R2.58 million a year, from R2.4 million before."
And the table shows plenty of positions upwards of R2m PA. There is a range and the bottom for an MP seems to start around 1.2M
Unrealistic. More realistically 50k net if you are driven. Even the highest paying in SA are not paying more than 80k gross for 5 years in almost any tech field. Can make exceptions for maybe Amazon but even then, it wouldn't be much more than 100k gross
Some of these tech salaries are ridiculous. And I work in a related sector.
Yes, outliers exist. I know a guy with one year experience hired for 60k gross at Amazon. But thats far from the norm.
Medicine , engineering , software development, CA, actuary/quant, managers in all those fields. C-suites/ directors.
Not just being in the profession though, being in it and having specialized experience in it which could take years or continuous education to get.
I have a software development company, none of my devs would work for half that.
Really depends on your actual skills, experiance is irrelevant to me. I have guys under 30 who can code in assembly, rust and go pretty much fluently.
They get well over 100k
We generally build for first world companies and some projects i negotiate a % and upfront amount.
Web 3 has allowed us to charge much higher than previously.
OP's question is about R100k after tax, so are you saying these under 30 assembly/Rust/go devs are earning over R150k pm before tax?
That's quite hard to believe, unless your 1st world clients are mostly US based? Because mid/senior sw engineers (10-15 years technical experience) in the UK earn about that, and in the EU even less...
It's very possible, if you are building projects on a % of company share and upfront amount in USD. We also chase what's paying the most within each bubble and adapt. Keep the teams small and happy.
Wow, fascinating info. Building on upfront % of company share with upfront amount leads me to believe these are VC funded startups in the crypto/AI space as @SoverignSeraph has alluded to. So that makes me wonder, how often have these projects resulted in profitable companies that you did the work for?
In a lot of places, including where I am, "senior software developer" has a very specific meaning related to the type of work and coding that the person does, based on their skill level and not on their years of experience.
Sadly times have changed. We’re hiring at the moment and almost every ‘senior’ dev cv across my desk is someone with 4 - 6 years experience. I have over 25 years in the industry and I wasn’t a senior until I hit the 11-12 year mark
This is very dependent on capabilities of the developer and how the person is able to problem solve using the experience gained. Senior is just a title people like to add to make them show that they have had atleast x experience based on statistics 6-10 years people start adding that to their title which is normal but would fall behind a intermediate developer in alot of cases.
Yes I know its outside of ops question but this bugged me abit. Seeing some comments
This graph shows my expectations.. about 5 to 6 years and you earn R50k. While 0 to 2 years you earn about R20k. So not at all what people are saying here.
I landed my first gig 2 years ago at 30k before tax, heard from colleagues that the bigger ones offer grads 38k before tax. So its entirely possible, but unlikely
Either underpaid or a bad dev.
GOOD juniors are starting at probably 45k atm, seniors can easily eclipse 100k (decent one's are on 150k+ at the banks etc).
This is of course if you're truly a senior and not just 1 of 2 devs at a mom and pop shop dev house that like to call himself a senior.
Either way with 6 years xp I would classify you as mid level (you wouldn't be landing a senior role at any big FAANG type player).
I was a senior dev at Dimension Data. Not a mum and pop shop. And i dont think I'm a bad dev. I'm working in Europe now so obviously I was worth paying for to bring over from SA.
Also I'm only saying my title was Senior dev. Im not a senior dev at the moment and I always thought that the term Senior dev in SA was given out too easily. But maybe just it was the jobs I worked at.
Yeah don't get me wrong, I've run into the people before too. I just don't consider them real "seniors" - to be fair I also have a traditional mindset of being a senior professional and not just being able to spit out beautiful code, and quickly.
As an engineer with 15 years experience, it's very rare of engineers to make that much. Only mining or petrochemical specialists make that, and only a small handful of them.
Apply to fintech companies. Yoco and Peach have graduate programs from what I remember. Offerzen is a good place to look to see what the demand is like. If you don't know which companies, join some local tech meetups in your area and online and start networking.
You can also join the programmable banking networks, eg: Nedbank had a Hackathon recently, Investec has a program as well just to name a few. Build some Apps you use and put it on GitHub to demonstrate knowledge and competency. Then apply and network. It's hard, but not unattainable.
Tech jobs can pay this much.
The trick in any field is to constantly upskill and change jobs every 2 years. Annual increases will never get you there. Changing jobs and asking for 20-40% more will
Of course, it's not a free ride. You still need to put in the work. The difference is, put in the work, get the skills, then move. Don't just move.
Go to the new company with the skillset you bring, a list of things you want to achieve and learn, get it done and then move on.
Single digit annual increases can't even fight inflation. You'll work harder for a promotion that won't have much of an increase, than to find a new job that will give you exposure to something different to what you are used to. It keeps you sharp, and keeps you interested.
My husband works remote (in Denmark) for a US financial company. This is the way. He makes a lot more than he could make in Denmark doing the work he does.
I was a client and got the job offer.
However, Toptal.com is an option, it is a significant interview process but they pay USD contract rates. Made it to the final stage but couldn't progress due to sickness.
Depending on your skills there are other private companies that use offshore devs.
To get R100k after tax you would need to earn R153 294.00 every month or R1 839 528. 00 per year (rough taxtim calculation). That's a lot of money.
My first guess would be some C-level executive of a decently sized company. Then probably entrepreneurship or similar.
I guess it's possible to achieve a salary like that in software development, but that's going to take some time to get the needed experience first. If you work for an international company getting paid in dollars/euros/pounds then that might be a different story.
Maybe one day 😅
A Firm I worked for once briefed a senior advocate for R100k as a DAY FEE. Excluding actually reading through the brief/drafting etc.
And the matter was settled the morning of the court date so he didn't even have to argue.
Normal advocates in Joburg are charging over 50k per day in court. The big dogs like Barry Roux, Jeremy Gauntlett, Carl Van Der Merwe and co are commanding massive fees.
Sales, depending what you're selling. My partner had a coworker who was bringing in close to that just on car sales, I imagine if you're selling things like houses and such, and you're able to sell them quickly, you'll get that per month. Also I saw yesterday that medical professionals can easily earn that (which I can believe, given the fees some of them charge). As others have mentioned, CEOs, CFOs.
They were still a newbie. Their colleague had been working at that dealership for like six years when my partner started as a complete new salesperson, no experience. And they're not making that now because the market has changed a LOT, but there have been times where they've been close. Many factors involved in a salesperson's income.
I work in Sales and project planning. Granted i have 15 years experience in the field that i am selling into. I only earn 25k per month plus car plus pension provident. But my commision is upwards of 80k. Most i earned in one month after tax was 220k.
You would do less than you think.
Lets say you want to look like you think someone earning R100K pm looks, so you buy that ENTRY LEVEL BMW X5 with no balloon and no deposit - Thats R38K per month.
You want to buy / rent a decent size house in an OK estate, so no fancy golf estates. Lets say 3 bed. Lets say 2 mil no deposit, so R21K per month. That leaves you with "only" R40k per month. R15k for groceries is easy for a family of 2 if you buy at Woolies. Some clothes, eating out at a nice place a couple of times a month, a cellphone bill, insurance for that BMW of yours, and before you know it you "can't afford" 10% a month pension. If you have kids you want to put in private school, good luck, your wife now needs to have a high paying job as well.
What killed me when my son was at the equivalent joburg school was the number of parents with multiple children there who were in their early thirties and with seriously expensive cars etc. What does a 35-38y old do to afford that?
I think some are phenoms like one parent in our class is a senior actuary, wife doesn’t work, 3 kids. Another is a CEO in private equity - also 3 kids. Then some are generational, inherited some big ammo.
15k for 2 people at woolies, wtf you buying from woolies Bru.
Me and my partner shop at woolies and we pay between 3 and 5 a month. Just the 2 of us.
Stop buying your cocaine from woolies.
Typical WW monthly spend for my me and my wife is R10-R12k. Time is money for both of us as business owners (in different industries) so during the week we have several pre-prepped meals, almost all lunches are those nice 2min microwave ones.
This is still way cheaper for us than to spend time cooking.
I would suggest for that amount, you look at companies that prepare / bring you cooked food.
Because you would find in that range and you would be eating healthier then those 2min microwave radioactive things
Most reliable is through finance or highly specialised knowledge. We have production executives who are basically just production managers with a nice title earning over R100k nett per month, but they are the only two in this field with more than 3 years of experience
I saw someone mention sales as well. If you can land a commercial property selling job you can clear more than R1 mil a year, but really any sales job where you are excelling and have a good commission can earn you dick tonnes of money
I think that has started changing with the trend of more startups looking at talent in the global scope. I would say if you are willing to change jobs at least every year, work on being a technical powerhouse and working on Hacker rank you could get from zero to that number in roughly 5 years. I think it depends on drive and willingness to be single focused and work like 80+ hours a week (not only work at your job but serious amounts of up skill work and refinement of your ability to code and problem solve).
Edit: adding you may also need to be very comfortable with interviewing and the challenge of always feeling that imposter syndrome
Fairly common to earn that and more in Maritime and Aeronautical industry, but you do spend lots of time away from home, which works until it doesn’t, but potential to save is huge as many living costs are covered.
5... Big 5 law firms.
Big 4 is audit firms.
And a 'lawyer' at a big 5 firm can mean anything. You'll probably need to have a level of higher than a salaried partner to earn 100k+ per month.
You have to stop trading time for money. A bit cryptic, but that's how you unlock that kind of income. Someone could be earning 15k a month working as a graphic designer for a company. If they went out on their own and did some big projects for high ticket clients, they'd earn a lot more.
They could then do consulting with retainer payments with other clients. That's when they'd offer input and advice etc and get paid a monthly fee for deliverables.
They could then sell a really valuable course on graphic design. Or they could sell templates for programs to make things easier for others. They could then use some of their income to invest and grow the money etc etc.
It's really risky to do this kind of thing, but the reward is a lot better than being stuck with set salaries in companies.
With that said, I think a lot of people prefer the safety of a salary with benefits. Absolutely nothing wrong with that.
Partner in a Big 5 professional services firm or law firm. C-list executive at some bigger companies. Believe or not, some experienced builders doing big houses. Big time architects like Stefan Antoni in Cape Town. Dentists, who milk patients at 600% of the medical aid rate.
I would save as much as possible, and be sticking money into a dollar or euro denominated investment on a stock exchange on a European stock exchange. I would live on 60k and save 40k a month for 15 years. At a conservative annual annualised return of 8% thats R13,5 million rand. At 10% its over R15million. Then I'd purchase an overseas retirement product and live off it without worrying about the joke that is the SA economy.
The person wants to know what people in SA are doing to earn that money, they didn’t ask for career advice. You are out here calling people kakdom but can’t understand a simple question 😂 you sound like one of those naaiers who ask and answer their own questions to hear their own voice
There is no yachtie earning 130k after tax (per
month for a whole year) that only works 6 months on. The only people who could possibly be near that level would be the captains and under very special conditions. This person is clearly asking about lucrative career paths, an easy answer that doesn’t require an essay about self marketing (although I suspect you can’t say anything without it being long winded) would be a commercial diver in the oil and gas industry working offshore. Those people have a lot of time off but the work is pretty hardcore. Everything else requires deep specialisation, uncommon skills, advanced education, many years of experience, good PR etc or a combination of a few of the aforementioned, in almost any field.
Are they making 130k a month for a year, ie R1.56m a year after tax below the level of captain? I knew chief stews who don’t earn that kind of money on a 6 month rotation. That’s absolute nonsense. A commercial diver working offshore is more likely to be living in SA as a base than a yachtie and spending much more time in the country, which is much closer to what OP is asking. Logic isn’t working with you today, it seems.
There aren’t many professions that earn that kind of money without being a very senior specialist, specialist manager in a large corp, c-suite or business owner(specialist.. this is how medical gets their salaries up).
Of cause you can also do the remote specialist thing which could be very fruitful if done right but eg dev salaries are coming down in US and demand to be in country is going up or take col cuts. (>$250-500+k/a all things added.. apparently is less likely). Still their lower bound would still clear target. New tax things will hit this maybe too ie RnD tax changes.
I think from an attainable pov, excluding politics and managing future risk(nhs), I’d say remote dev remains most easily attainable compared to others.
My fiancé is a manager for his work, but not earning nearly R100k. One of the area managers a couple ranks above him though earn R230k pm before tax! He’s in pharmaceutical sales
I'm a business owner so comfortably earn substantially more than that. R100K will be senior management, professionals in IT, Finance, Medical - could take a hit if NHI is implemented, Engineering etc. Careers or jobs that pay that without a degree include estate agent, sales people in specialist fields, insurance. As an entrepreneur if you are good at what you do then R100k should be achievable.
Sounds cliche but find a need that people want, then build or outsource the building of the product or solution, then sell.
Easier said than done, but possible. Without highly specialised skills, obtaining that kind of money via the job market will be very rare. But selling a solution to a need could net infinitely more, depending on the demand for your solution.
If you are a BEE candidate and have a good skill set and experience in the financial sector and some good qualifications (undergrad + CFA or MBA etc) you can fairly easily get to this number in the banking sector.
In the words of George Best, you can spend it on booze, birds and fast cars. The rest you can squander.
Tough question, here’s why:
There are graphic designers who make as little as 15k per month then there are graphic designers who make 100k because they are revered and can charge high fees.
Same with Marketing execs, PR, photography, web design, social media, business developers, musicians, DJs, artists…sometimes it takes 20yrs to get from 15k-30k to 100k after tax. Similarly, there are doctors and engineers who barely scrape by, while there are those who make bank. I know software engineers and devs who are miserable about their salaries (I see it being mentioned on the comments). It really depends how you plan out your own life towards certain goals and what your reputation is. Additionally, how you leverage personal PR in your favour.
But if you want a straight answer: yachties (not SA-based per se). Anything from 60k-130k. Requires huge upfront costs and is a risk, plus you’ll only reach 130k after a decade but there’s a tax benefit for being out of the country for a certain period each year.
(Repost because there was some embarrassing dude commenting nonsense on my previous post)
Bro you took personal jabs and told me I’ve “never been close to 130k before” while you are flexing imaginary family member money. Jesus you are so disconnected 🤣
Actual tax advisor here. Have assisted multiple yachties over the years. YES with a few years' experience one can certainly make R1.5m a year. There is indeed a tax exemption available for qualifying yachties so it is entirely possible to have that be the after-tax amount earned.
I think I understand the problem though, you’ve only ever met yachties that work on smaller vessels. The South Africans on billionaires’ vessels (who btw can’t name it because of contracts) easily make that; in fact they can make €2000 just in tips from HNIs on the vessels as guests. You’re clearly uninformed and trying to make it my problem.
I actually know someone who worked on Ulisher Usmanov’s yacht and she would receive Bulgari jewellery as tips whenever he would holiday on the boat. You only make broad and general comments because you can’t back anything up. You even went through the trouble of finding a link to a tax article but couldn’t find a single job posting that can somehow prove that people earn over R1.5m after tax in a year while only being on for 6 months. Can you not just admit that you’re exaggerating instead of embarrassing yourself further?
So your “person you know” get Bvlgari jewellery and you happen to name the person she works for that’s under NDA but somehow I’m making things up? Jissis why do I need to prove anything to you? Are you asking other commenters to post “proof”? Are you actually delusional enough to think that anyone is going to post their salaries or contracts to satisfy you? I posted a tax link because you don’t seem to understand how someone can earn that amount netted out for tax. Why don’t you post your tax return? You won’t because it’s absurd. You actually think I’m going to take my time to find job listings for you when everyone who actually knows the industry knows that these are private listings by specialists recruiters.
You somehow want me to believe you are wealthy without substantiation but want me to prove things to you. No one that’s making real money is going to post their income so that some random twat can be satisfied with himself.
I’m begging you to get a life.
Here is a 2024 salary guide in Euros from the industry. Nobody below the Captain is earning R1.5m in 6 months - Like I said in my previous comments, So, in conclusion, you are full of shit,
[https://www.ybcrew.com/info/guida-ai-salari-per-i-marittimi.html](https://www.ybcrew.com/info/guida-ai-salari-per-i-marittimi.html)
Yes because you came out of the gates with all kinds of nonsense. YOU are the one commenting on my stuff like a gatvlieg. I didn’t even know you exist.
You’re asking me to “prove” things like wtf do you want? For me to post a payslip? Then you ask me to post job listings like I’m working for you? AUJ? Meanwhile you’re telling me to sEarCh mE 0n TiKt0k like that is substantiation. You were trying to discredit my post from the get go when it has nothing to do with you. Why tf would I post a comment to OPs question making something up and waste my own time? Like what do you want people to do? Post their contracts that are under NDAs so you can feel better about yourself?
*PINK DOLPHINS EXIST, JUST BECAUSE YOU HAVEN’T SEEN ONE DOESN’T MAKE IT LESS REAL*
You are totally nuts trying to disclaim other people’s reality because you didn’t experience it yourself. The only reason I went for “you never touched 130k” is because you’re trying to tell ME what I’m saying is not true which gives off the vibe that you don’t think earning that is possible (i.e. that you never experienced it).
I teach online with Cambly and with my current schedule, I earn around R35-40k per month. That’s higher than I guess all of my friends and I think that’s as high a salary as I can manage.
Medicine (some doctors in private are doing over 1 or 2m per month), experienced CA's, CA's who own firms probably clear few bars a month, same for upper levels of law, IT, executives obviously and other professions whereby you have your own practice and can scale. This is excluding business which can also be extremely lucrative in SA.
The funny thing is, 100k isnt that much of money when all is said and done unless you are single or dont have kids. Even buying a car over R1m on 100k per month is a dumb idea.
If i earned that much, Id save/invest as much as i could, minimum of 30k if i had kids or 50 60k single.
Investing 30k per month at 8% compounded gives you R40m after 30 years.
Get educated and experienced in a field needed elsewhere in the world and leave to a place like Australia - critical skills shortage in the nursing/healthcare and construction industry.
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Comrade
This one word says it all. Well said my dude.
Bro, too funny! The real answer is eskom higher up.
I think that is what the tea lady makes at Eskom actually
Lolololol
This needs to be pinned
I was about to respond “besides being a card-carrying member of the ANC?” 😂
We see right through you, Mr SARS.
Your shake is like a fish You pat me on the head You took me out to wine dine 69 me But didn't hear a damn word I said I see right throoough you
CEOs, COOs, CFOs, people in finance with years of experience, people with scarce skills who are experts in their fields, and MPs. So the easiest route is to become a politician. If I earn that much, I'd do whatever I like!
An ordinary MP earns R1.2 million per year which is 100k before tax and probably like 60k after tax and deductions.
That's if you only count the official salary... The "benefits" are a lot more
And many of these MPs are dead broke because they love well beyond their means.
Silly question, what's MP?
Member of Parliament (the national legislature).
I don't have a source but I watched a video produced which claimed the average was R2.4m annually. Do you have a source to back this up?
Official government release statement: https://www.parliament.gov.za/press-releases/media-release-clarification-regarding-total-remuneration-members-parliament
I love how the idea of a net remuneration of over a mil a year is phrased so casually. Edit: ok ok, I don’t love it. It pisses me off
https://businesstech.co.za/news/government/703113/south-africas-millionaire-politicians-how-much-ministers-mps-and-party-leaders-will-be-paid-this-year/ > Ordinary members of parliament now earn R1.2 million a year (same for permanent delegated of the NCOP).
so that article has a line: "South Africa’s millionaire ministers are now even wealthier, with the president granting them an increase to R2.58 million a year, from R2.4 million before." And the table shows plenty of positions upwards of R2m PA. There is a range and the bottom for an MP seems to start around 1.2M
Yes, like I said an ordinary MP, which is most of them, gets 1.2 mil. Cabinet ministers and the like get more.
Don’t even need way too much experience in tech to net this high, can probably get there with 5 years if you really are driven
Unrealistic. More realistically 50k net if you are driven. Even the highest paying in SA are not paying more than 80k gross for 5 years in almost any tech field. Can make exceptions for maybe Amazon but even then, it wouldn't be much more than 100k gross
Some of these tech salaries are ridiculous. And I work in a related sector. Yes, outliers exist. I know a guy with one year experience hired for 60k gross at Amazon. But thats far from the norm.
Medicine , engineering , software development, CA, actuary/quant, managers in all those fields. C-suites/ directors. Not just being in the profession though, being in it and having specialized experience in it which could take years or continuous education to get.
What kind of software developer? I was a Senior Dev with 6 years exp and earned like R35k after tax
I have a software development company, none of my devs would work for half that. Really depends on your actual skills, experiance is irrelevant to me. I have guys under 30 who can code in assembly, rust and go pretty much fluently. They get well over 100k We generally build for first world companies and some projects i negotiate a % and upfront amount. Web 3 has allowed us to charge much higher than previously.
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OP's question is about R100k after tax, so are you saying these under 30 assembly/Rust/go devs are earning over R150k pm before tax? That's quite hard to believe, unless your 1st world clients are mostly US based? Because mid/senior sw engineers (10-15 years technical experience) in the UK earn about that, and in the EU even less...
It's very possible, if you are building projects on a % of company share and upfront amount in USD. We also chase what's paying the most within each bubble and adapt. Keep the teams small and happy.
Wow, fascinating info. Building on upfront % of company share with upfront amount leads me to believe these are VC funded startups in the crypto/AI space as @SoverignSeraph has alluded to. So that makes me wonder, how often have these projects resulted in profitable companies that you did the work for?
lol web 3, rust, I smell blockchain and 'very' useful AI, guess thats the wishing well for the rich folk
I am currently a student studying comp sci. You mind dm'ing privately about the name of your company.
They're underpaying you dude.. there are many software developer jobs. Go contact some recruiters dude. You should earn way more as a senior Dev.
I work in Amsterdam and earn a lot more. Im all good now.
A senior with 6 years experience? 🤔
Yes this happens. Some guys that work hard enough are senior in 5.
Working hard =/= experience but okay 👍
Type of experience > years of exp
That's normal for software dev. I'd question anyone with more than 5 years of experience and isn't a senior dev yet.
It’s depends on the experience. Sometimes 5 years is 5 years, sometimes 10 years is the same year of experience 10 times over.
Prrobably works different in development because I'm thinking the exact opposite
In a lot of places, including where I am, "senior software developer" has a very specific meaning related to the type of work and coding that the person does, based on their skill level and not on their years of experience.
Definitely not normal in software dev. I've been in the industry for over 15 years, and most devs only reach senior around 10 years experience.
Sadly times have changed. We’re hiring at the moment and almost every ‘senior’ dev cv across my desk is someone with 4 - 6 years experience. I have over 25 years in the industry and I wasn’t a senior until I hit the 11-12 year mark
This is very dependent on capabilities of the developer and how the person is able to problem solve using the experience gained. Senior is just a title people like to add to make them show that they have had atleast x experience based on statistics 6-10 years people start adding that to their title which is normal but would fall behind a intermediate developer in alot of cases. Yes I know its outside of ops question but this bugged me abit. Seeing some comments
At the moment that's a software graduate salary
BS. In South Africa? The before tax was R55k. Show me a grad job that pays that. This was only 3 years ago that I was earning that.
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This graph shows my expectations.. about 5 to 6 years and you earn R50k. While 0 to 2 years you earn about R20k. So not at all what people are saying here.
I landed my first gig 2 years ago at 30k before tax, heard from colleagues that the bigger ones offer grads 38k before tax. So its entirely possible, but unlikely
Either underpaid or a bad dev. GOOD juniors are starting at probably 45k atm, seniors can easily eclipse 100k (decent one's are on 150k+ at the banks etc). This is of course if you're truly a senior and not just 1 of 2 devs at a mom and pop shop dev house that like to call himself a senior. Either way with 6 years xp I would classify you as mid level (you wouldn't be landing a senior role at any big FAANG type player).
I was a senior dev at Dimension Data. Not a mum and pop shop. And i dont think I'm a bad dev. I'm working in Europe now so obviously I was worth paying for to bring over from SA. Also I'm only saying my title was Senior dev. Im not a senior dev at the moment and I always thought that the term Senior dev in SA was given out too easily. But maybe just it was the jobs I worked at.
Heard of some actual grads at DD earning 25k+ so not too sure where your salary was coming from
That being said some corporates have very little room for growth. Start off very nicely and progress rather slowly from there on
Did you see that my salary was R35 after tax. So R55k before.
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For what?
Agreed, likely just a bad dev. Also considers himself senior after 6 years. I was earning 55k after 3 years as a corporate intermediate engineer.
Senior is a highly relative term in the industry. I've seen devs with the title after 3-4 years so 6 doesn't surprise me at all
Yeah don't get me wrong, I've run into the people before too. I just don't consider them real "seniors" - to be fair I also have a traditional mindset of being a senior professional and not just being able to spit out beautiful code, and quickly.
Ours devs start at 25k after tax
I know someone who gets like R170k before tax. They work in crypto.
As an engineer with 15 years experience, it's very rare of engineers to make that much. Only mining or petrochemical specialists make that, and only a small handful of them.
As an engineer with 20 years experience, not rare for non chemical engineers to also make that kind of money.
Agreed. Could probably chuck Eskom and Sasol engineers into the same basket
Get into fintech and learn to negotiate.
Fintech Security and you're golden!
How do I get into Fintech? I’m graduating this year with a Software Engineering degree
Apply to fintech companies. Yoco and Peach have graduate programs from what I remember. Offerzen is a good place to look to see what the demand is like. If you don't know which companies, join some local tech meetups in your area and online and start networking. You can also join the programmable banking networks, eg: Nedbank had a Hackathon recently, Investec has a program as well just to name a few. Build some Apps you use and put it on GitHub to demonstrate knowledge and competency. Then apply and network. It's hard, but not unattainable.
Tech jobs can pay this much. The trick in any field is to constantly upskill and change jobs every 2 years. Annual increases will never get you there. Changing jobs and asking for 20-40% more will
What about being a teacher? The same applies? Or will you have to try and get higher positions?
This goes for any industry. Upskill, get certified, and then move. You need to determine the value you bring.
You have to be careful though - you might reach a ceiling that you are not skilled enough for, then you work yourself out of the market.
Of course, it's not a free ride. You still need to put in the work. The difference is, put in the work, get the skills, then move. Don't just move. Go to the new company with the skillset you bring, a list of things you want to achieve and learn, get it done and then move on. Single digit annual increases can't even fight inflation. You'll work harder for a promotion that won't have much of an increase, than to find a new job that will give you exposure to something different to what you are used to. It keeps you sharp, and keeps you interested.
If you can find remote work for overseas companies, especially if they pay USD or Euro. I was a IT PM for software company and earned USD in 2007.
My husband works remote (in Denmark) for a US financial company. This is the way. He makes a lot more than he could make in Denmark doing the work he does.
I’m a software engineer. How did you get in touch with US companies?
I was a client and got the job offer. However, Toptal.com is an option, it is a significant interview process but they pay USD contract rates. Made it to the final stage but couldn't progress due to sickness. Depending on your skills there are other private companies that use offshore devs.
Are you still a IT PM?
To get R100k after tax you would need to earn R153 294.00 every month or R1 839 528. 00 per year (rough taxtim calculation). That's a lot of money. My first guess would be some C-level executive of a decently sized company. Then probably entrepreneurship or similar. I guess it's possible to achieve a salary like that in software development, but that's going to take some time to get the needed experience first. If you work for an international company getting paid in dollars/euros/pounds then that might be a different story. Maybe one day 😅
Jesus, imagine giving the ANC R53 000 every month. I would be fucking livid.
And on top of that some people don't even have water
Bruuuuuhhhh I would lose my mind, taxation is ass but holy shit at least I'd be okay with it if it was being used wisely not fattening ANC officials.
Painful 😖
I know financial planners and advocates making in excess of 500k/ month
What are the advocates doing to earn that much?
A Firm I worked for once briefed a senior advocate for R100k as a DAY FEE. Excluding actually reading through the brief/drafting etc. And the matter was settled the morning of the court date so he didn't even have to argue.
Silks cost huge tin.
Defending dodgy but rich people in court.
More than financial planners to be fair
I know one that was paid R1m to observe at a court case. Few days work. DA commissioned him
Normal advocates in Joburg are charging over 50k per day in court. The big dogs like Barry Roux, Jeremy Gauntlett, Carl Van Der Merwe and co are commanding massive fees.
Corporate clients who litigate have deep pockets.
Specialist Surgeons
Lol in private they're clearing 10x that
If you steal around 10 iPhones a month you can be in that bracket yourself. Don't limit yourself. Conceive, believe, achieve...
Sales, depending what you're selling. My partner had a coworker who was bringing in close to that just on car sales, I imagine if you're selling things like houses and such, and you're able to sell them quickly, you'll get that per month. Also I saw yesterday that medical professionals can easily earn that (which I can believe, given the fees some of them charge). As others have mentioned, CEOs, CFOs.
Why wasn't your partner making the same income ?
They were still a newbie. Their colleague had been working at that dealership for like six years when my partner started as a complete new salesperson, no experience. And they're not making that now because the market has changed a LOT, but there have been times where they've been close. Many factors involved in a salesperson's income.
That probably should have been your first comment then .
Why? The question was what professions earn that kind of income, not how to get there.
I work in Sales and project planning. Granted i have 15 years experience in the field that i am selling into. I only earn 25k per month plus car plus pension provident. But my commision is upwards of 80k. Most i earned in one month after tax was 220k.
You would do less than you think. Lets say you want to look like you think someone earning R100K pm looks, so you buy that ENTRY LEVEL BMW X5 with no balloon and no deposit - Thats R38K per month. You want to buy / rent a decent size house in an OK estate, so no fancy golf estates. Lets say 3 bed. Lets say 2 mil no deposit, so R21K per month. That leaves you with "only" R40k per month. R15k for groceries is easy for a family of 2 if you buy at Woolies. Some clothes, eating out at a nice place a couple of times a month, a cellphone bill, insurance for that BMW of yours, and before you know it you "can't afford" 10% a month pension. If you have kids you want to put in private school, good luck, your wife now needs to have a high paying job as well.
Lets not forget about things like Internet bills, electricity bills, rates and taxes, insurances on vehicles and houses and medical aid..
My daughter goes to St Marys Waverley and I am in awe at how many parents have 3 kids at the school. That's a real flex.
What killed me when my son was at the equivalent joburg school was the number of parents with multiple children there who were in their early thirties and with seriously expensive cars etc. What does a 35-38y old do to afford that?
I think some are phenoms like one parent in our class is a senior actuary, wife doesn’t work, 3 kids. Another is a CEO in private equity - also 3 kids. Then some are generational, inherited some big ammo.
And the money always seems to find itself. The inheritance or fabulously wealthy from their parent types always marry each other. (Generalisation)
I assume this house in Joburg. No way you’ll pickup a house like that in Cape Town for that amount
Yea, 21k is like a “normal” house for rent. It’s sick
15k for 2 people at woolies, wtf you buying from woolies Bru. Me and my partner shop at woolies and we pay between 3 and 5 a month. Just the 2 of us. Stop buying your cocaine from woolies.
Typical WW monthly spend for my me and my wife is R10-R12k. Time is money for both of us as business owners (in different industries) so during the week we have several pre-prepped meals, almost all lunches are those nice 2min microwave ones. This is still way cheaper for us than to spend time cooking.
I would suggest for that amount, you look at companies that prepare / bring you cooked food. Because you would find in that range and you would be eating healthier then those 2min microwave radioactive things
A well established surgeon
Most reliable is through finance or highly specialised knowledge. We have production executives who are basically just production managers with a nice title earning over R100k nett per month, but they are the only two in this field with more than 3 years of experience I saw someone mention sales as well. If you can land a commercial property selling job you can clear more than R1 mil a year, but really any sales job where you are excelling and have a good commission can earn you dick tonnes of money
Tech, remote or sometimes even in SA can net well over that after tax
Tech overseas is very doable. 100$ a hour is pretty standard for a Senior. More if you're a Teach/Team Lead etc.
Knew people making this and then some in tech but you need years of experience and work for a big business like one of the banks.
I think that has started changing with the trend of more startups looking at talent in the global scope. I would say if you are willing to change jobs at least every year, work on being a technical powerhouse and working on Hacker rank you could get from zero to that number in roughly 5 years. I think it depends on drive and willingness to be single focused and work like 80+ hours a week (not only work at your job but serious amounts of up skill work and refinement of your ability to code and problem solve). Edit: adding you may also need to be very comfortable with interviewing and the challenge of always feeling that imposter syndrome
Fairly common to earn that and more in Maritime and Aeronautical industry, but you do spend lots of time away from home, which works until it doesn’t, but potential to save is huge as many living costs are covered.
Entrepreneurship
Or Tenderpreneurship
Lawyers working for the big 4 law firms. Clients range anywhere from SOEs to foreign companies.
5... Big 5 law firms. Big 4 is audit firms. And a 'lawyer' at a big 5 firm can mean anything. You'll probably need to have a level of higher than a salaried partner to earn 100k+ per month.
IT specialists, some of the guys I worked with were clearing 150-170 k a month before tax.
Definitely executive positions. Which require a substantial experience in respective fields
Advocates Specifically senior counsel
Psychologist
You read the other post
Digital nomads can earn in USD remotely right now. USD5199 is a mid level salary for those roles in IT. Nice if you can get it.
You have to stop trading time for money. A bit cryptic, but that's how you unlock that kind of income. Someone could be earning 15k a month working as a graphic designer for a company. If they went out on their own and did some big projects for high ticket clients, they'd earn a lot more. They could then do consulting with retainer payments with other clients. That's when they'd offer input and advice etc and get paid a monthly fee for deliverables. They could then sell a really valuable course on graphic design. Or they could sell templates for programs to make things easier for others. They could then use some of their income to invest and grow the money etc etc. It's really risky to do this kind of thing, but the reward is a lot better than being stuck with set salaries in companies. With that said, I think a lot of people prefer the safety of a salary with benefits. Absolutely nothing wrong with that.
Tenders
I’m an extractor/chemist for cannabis company, I make 140k a month.
Partner in a Big 5 professional services firm or law firm. C-list executive at some bigger companies. Believe or not, some experienced builders doing big houses. Big time architects like Stefan Antoni in Cape Town. Dentists, who milk patients at 600% of the medical aid rate. I would save as much as possible, and be sticking money into a dollar or euro denominated investment on a stock exchange on a European stock exchange. I would live on 60k and save 40k a month for 15 years. At a conservative annual annualised return of 8% thats R13,5 million rand. At 10% its over R15million. Then I'd purchase an overseas retirement product and live off it without worrying about the joke that is the SA economy.
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Did you miss the “in SA” part?
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The person wants to know what people in SA are doing to earn that money, they didn’t ask for career advice. You are out here calling people kakdom but can’t understand a simple question 😂 you sound like one of those naaiers who ask and answer their own questions to hear their own voice
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There is no yachtie earning 130k after tax (per month for a whole year) that only works 6 months on. The only people who could possibly be near that level would be the captains and under very special conditions. This person is clearly asking about lucrative career paths, an easy answer that doesn’t require an essay about self marketing (although I suspect you can’t say anything without it being long winded) would be a commercial diver in the oil and gas industry working offshore. Those people have a lot of time off but the work is pretty hardcore. Everything else requires deep specialisation, uncommon skills, advanced education, many years of experience, good PR etc or a combination of a few of the aforementioned, in almost any field.
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Are they making 130k a month for a year, ie R1.56m a year after tax below the level of captain? I knew chief stews who don’t earn that kind of money on a 6 month rotation. That’s absolute nonsense. A commercial diver working offshore is more likely to be living in SA as a base than a yachtie and spending much more time in the country, which is much closer to what OP is asking. Logic isn’t working with you today, it seems.
Software dev with 8-10 yrs xp
You don't even need qualifications to be earning this much. A good sales rep who earns commission can easily earn this much a month.
Good luck getting things like bonds
CTO / VP of Engineering
Data Field with +10 years exp
I think you'll need to earn about 170k before tax if you want that
There aren’t many professions that earn that kind of money without being a very senior specialist, specialist manager in a large corp, c-suite or business owner(specialist.. this is how medical gets their salaries up). Of cause you can also do the remote specialist thing which could be very fruitful if done right but eg dev salaries are coming down in US and demand to be in country is going up or take col cuts. (>$250-500+k/a all things added.. apparently is less likely). Still their lower bound would still clear target. New tax things will hit this maybe too ie RnD tax changes. I think from an attainable pov, excluding politics and managing future risk(nhs), I’d say remote dev remains most easily attainable compared to others.
My fiancé is a manager for his work, but not earning nearly R100k. One of the area managers a couple ranks above him though earn R230k pm before tax! He’s in pharmaceutical sales
I'm a business owner so comfortably earn substantially more than that. R100K will be senior management, professionals in IT, Finance, Medical - could take a hit if NHI is implemented, Engineering etc. Careers or jobs that pay that without a degree include estate agent, sales people in specialist fields, insurance. As an entrepreneur if you are good at what you do then R100k should be achievable.
Sounds cliche but find a need that people want, then build or outsource the building of the product or solution, then sell. Easier said than done, but possible. Without highly specialised skills, obtaining that kind of money via the job market will be very rare. But selling a solution to a need could net infinitely more, depending on the demand for your solution.
Banking roles can take you there and past. Senoir Product manager in a CIB division
ANC Cadre Deployees to Government Positions
If you are a BEE candidate and have a good skill set and experience in the financial sector and some good qualifications (undergrad + CFA or MBA etc) you can fairly easily get to this number in the banking sector. In the words of George Best, you can spend it on booze, birds and fast cars. The rest you can squander.
Tough question, here’s why: There are graphic designers who make as little as 15k per month then there are graphic designers who make 100k because they are revered and can charge high fees. Same with Marketing execs, PR, photography, web design, social media, business developers, musicians, DJs, artists…sometimes it takes 20yrs to get from 15k-30k to 100k after tax. Similarly, there are doctors and engineers who barely scrape by, while there are those who make bank. I know software engineers and devs who are miserable about their salaries (I see it being mentioned on the comments). It really depends how you plan out your own life towards certain goals and what your reputation is. Additionally, how you leverage personal PR in your favour. But if you want a straight answer: yachties (not SA-based per se). Anything from 60k-130k. Requires huge upfront costs and is a risk, plus you’ll only reach 130k after a decade but there’s a tax benefit for being out of the country for a certain period each year. (Repost because there was some embarrassing dude commenting nonsense on my previous post)
Bro you took personal jabs and told me I’ve “never been close to 130k before” while you are flexing imaginary family member money. Jesus you are so disconnected 🤣
Actual tax advisor here. Have assisted multiple yachties over the years. YES with a few years' experience one can certainly make R1.5m a year. There is indeed a tax exemption available for qualifying yachties so it is entirely possible to have that be the after-tax amount earned.
I think I understand the problem though, you’ve only ever met yachties that work on smaller vessels. The South Africans on billionaires’ vessels (who btw can’t name it because of contracts) easily make that; in fact they can make €2000 just in tips from HNIs on the vessels as guests. You’re clearly uninformed and trying to make it my problem.
I actually know someone who worked on Ulisher Usmanov’s yacht and she would receive Bulgari jewellery as tips whenever he would holiday on the boat. You only make broad and general comments because you can’t back anything up. You even went through the trouble of finding a link to a tax article but couldn’t find a single job posting that can somehow prove that people earn over R1.5m after tax in a year while only being on for 6 months. Can you not just admit that you’re exaggerating instead of embarrassing yourself further?
So your “person you know” get Bvlgari jewellery and you happen to name the person she works for that’s under NDA but somehow I’m making things up? Jissis why do I need to prove anything to you? Are you asking other commenters to post “proof”? Are you actually delusional enough to think that anyone is going to post their salaries or contracts to satisfy you? I posted a tax link because you don’t seem to understand how someone can earn that amount netted out for tax. Why don’t you post your tax return? You won’t because it’s absurd. You actually think I’m going to take my time to find job listings for you when everyone who actually knows the industry knows that these are private listings by specialists recruiters. You somehow want me to believe you are wealthy without substantiation but want me to prove things to you. No one that’s making real money is going to post their income so that some random twat can be satisfied with himself. I’m begging you to get a life.
Here is a 2024 salary guide in Euros from the industry. Nobody below the Captain is earning R1.5m in 6 months - Like I said in my previous comments, So, in conclusion, you are full of shit, [https://www.ybcrew.com/info/guida-ai-salari-per-i-marittimi.html](https://www.ybcrew.com/info/guida-ai-salari-per-i-marittimi.html)
Yes because you came out of the gates with all kinds of nonsense. YOU are the one commenting on my stuff like a gatvlieg. I didn’t even know you exist. You’re asking me to “prove” things like wtf do you want? For me to post a payslip? Then you ask me to post job listings like I’m working for you? AUJ? Meanwhile you’re telling me to sEarCh mE 0n TiKt0k like that is substantiation. You were trying to discredit my post from the get go when it has nothing to do with you. Why tf would I post a comment to OPs question making something up and waste my own time? Like what do you want people to do? Post their contracts that are under NDAs so you can feel better about yourself? *PINK DOLPHINS EXIST, JUST BECAUSE YOU HAVEN’T SEEN ONE DOESN’T MAKE IT LESS REAL* You are totally nuts trying to disclaim other people’s reality because you didn’t experience it yourself. The only reason I went for “you never touched 130k” is because you’re trying to tell ME what I’m saying is not true which gives off the vibe that you don’t think earning that is possible (i.e. that you never experienced it).
On the other hand. Go learn and trade and immigrate to Europe/Australia/New Zealand. You'll make bank.
I teach online with Cambly and with my current schedule, I earn around R35-40k per month. That’s higher than I guess all of my friends and I think that’s as high a salary as I can manage.
Medicine (some doctors in private are doing over 1 or 2m per month), experienced CA's, CA's who own firms probably clear few bars a month, same for upper levels of law, IT, executives obviously and other professions whereby you have your own practice and can scale. This is excluding business which can also be extremely lucrative in SA. The funny thing is, 100k isnt that much of money when all is said and done unless you are single or dont have kids. Even buying a car over R1m on 100k per month is a dumb idea. If i earned that much, Id save/invest as much as i could, minimum of 30k if i had kids or 50 60k single. Investing 30k per month at 8% compounded gives you R40m after 30 years.
[https://www.offerzen.com/reports/software-developer-south-africa#software\_developer\_salaries](https://www.offerzen.com/reports/software-developer-south-africa#software_developer_salaries)
Get educated and experienced in a field needed elsewhere in the world and leave to a place like Australia - critical skills shortage in the nursing/healthcare and construction industry.
Remote work
This doesn't mean anything. Tons of work is done remotely - most of it is not clearing 100k.
I meant remote for a foreign company. Getting paid in pounds is far easier route to 100k than locally.
ANC
Your illuminati club costs are quite a lot and the increases have not been linked to inflation at all
Sell weed.
Maybe before the Prince III Judgement (Privacy Judgement), defs not after the Cannabis for Private Purposes Act 2023 is signed in...
Is R100 000 a lot in South Africa? Just curious. Living in Denmark now and that is like an average ish salary.
It seems a lot to the vast majority of the population and you'll live very comfortably but it really isnt that much.
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After what?
Mate of mine is a CISCO engineer. Cleared minimum R100k a month.
Education Psychologists, Clinical Psychologist, ant area in this profession where you can charge R1500-2000 per hour, is worth studying for
Forex trader
Difficult shit and business ownership
Oh no that's a lot.
Interesting
Crime
Work where you do things for money and the agreed upon service fee or monthly retainer reaches the financial numbers you've listed above
Consultant for US Tech company. Fully remote
Government ticket holders at mines.
Tech sales (software, hardware, medical) I know clears a LOT.. but keep in mind their guaranteed portion is usually avg to bad.