- Latest salary statistics have been revealed and show top earners in South Africa
- State-owned entities ranked among the top salaries in the country
- Embattled South Africa Airways also ranked high in earnings
MultiChoice, Vodacom, Eskom, and the SABC are reportedly the highest paying companies in South Africa, ranging between R762,000 and R896,000 per year.
These findings emerged from an investigation into the compensation of employees at South Africa’s largest IT and telecommunications companies, said Mybroadband.
Eskom’s 46 665 employees earn, on average, R785 557 per year. The SABC is the fourth best-paying employer in the country and its 3167 workers earn an average salary of R762 000 per year.
Other high paying companies include Sentech,whose 531 employees earning R702 326 per year, on average. Troubled South African Airways also ranks among the top payers with its 10 071 employees earning R654 453 per year, on average.
Denel's 3696 employees earn R580 357 per year, on average. Telecommunications company, Telkom, which is a 39% state-owned, publicly-traded company, has 15 099 employees earning R630 969 per year, on average, reported Cape Talk.
The average salary at South Africa’s top IT and telecoms companies is R611,000, well above the country’s average of R22,500 per month.
It is reported that there is a shortage of engineering, IT, and telecommunications skills in South Africa, which means companies have to pay top dollar to attract these skills
These salary statistics revealed that state-owned enterprises typically pay higher average salaries than their private counterparts.
There are, however, two exceptions – MultiChoice and Vodacom. They pay the highest average salaries at R896,000 and R838,000 per year, respectively.
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