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Corporate Treasurer Average Salary in South Africa 2020

How much money does a Corporate Treasurer make in South Africa?

Average Monthly Salary
55,700 ZAR
( 668,000 ZAR yearly)


A person working as a Corporate Treasurer in South Africa typically earns around 55,700 ZAR per month. Salaries range from 25,600 ZAR (lowest) to 88,500 ZAR (highest).

This is the average monthly salary including housing, transport, and other benefits. Corporate Treasurer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Corporate Treasurer Salary Distribution in South Africa

Median and salary distribution monthly South Africa Corporate Treasurer
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The median, the maximum, the minimum, and the range

  • Salary Range

    Corporate Treasurer salaries in South Africa range from 25,600 ZAR per month (minimum salary) to 88,500 ZAR per month (maximum salary).

  • Median Salary

    The median salary is 60,100 ZAR per month, which means that half (50%) of people working as Corporate Treasurer(s) are earning less than 60,100 ZAR while the other half are earning more than 60,100 ZAR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Corporate Treasurer(s) are earning less than 38,600 ZAR while 75% of them are earning more than 38,600 ZAR. Also from the diagram, 75% of Corporate Treasurer(s) are earning less than 80,200 ZAR while 25% are earning more than 80,200 ZAR.

What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Corporate Treasurer Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly South Africa Corporate Treasurer
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Corporate Treasurer salaries by experience level and this is what we found.

A Corporate Treasurer with less than two years of experience makes approximately 29,100 ZAR per month.

While someone with an experience level between two and five years is expected to earn 38,800 ZAR per month, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 57,400 ZAR per month, 48% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Corporate Treasurer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 69,900 ZAR per month, 22% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 76,200 ZAR per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 82,500 ZAR per month, 8% more than people with fifteen to twenty years of experience.

Corporate Treasurer average salary change by experience in South Africa

0 - 2 Years
29,100 ZAR
2 - 5 Years+34%
38,800 ZAR
5 - 10 Years+48%
57,400 ZAR
10 - 15 Years+22%
69,900 ZAR
15 - 20 Years+9%
76,200 ZAR
20+ Years+8%
82,500 ZAR
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Corporate Treasurer Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Corporate Treasurer(s) who have the same experience but different education levels.

Salary comparison by education level monthly South Africa Corporate Treasurer
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Corporate Treasurer salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Corporate Treasurer is 35,700 ZAR per month.

While someone with a Certificate or Diploma gets a salary of 42,000 ZAR per month, 18% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 60,800 ZAR per month, 45% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 79,700 ZAR per month, 31% more than someone with Bachelor's Degree.

Corporate Treasurer average salary difference by education level in South Africa

High School
35,700 ZAR
Certificate or Diploma+18%
42,000 ZAR
Bachelor's Degree+45%
60,800 ZAR
Master's Degree+31%
79,700 ZAR
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in South Africa costs anywhere from 157,000 Rand(s) to 471,000 Rand(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Corporate Treasurer Salary Comparison By Gender

Salary comparison by gender monthly South Africa Corporate Treasurer
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Corporate Treasurer employees in South Africa earn 17% more than their female counterparts.

51,200 ZAR
60,100 ZAR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in South Africa for all Careers

Salary comparison by gender monthly South Africa
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Corporate Treasurer Average Annual Salary Increment Percentage in South Africa

How much are annual salary increments in South Africa for Corporate Treasurer(s)? How often do employees get salary raises?

Corporate Treasurer

Corporate Treasurer(s) in South Africa are likely to observe a salary increase of approximately 12% every 19 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Annual Salary Increment Rate South Africa Corporate Treasurer
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

South Africa / All Professions

Annual Salary Increment Rate South Africa
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The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in South Africa is 5%.

Annual Increment Rate By Industry 2019

Information Technology

Listed above are the average annual increase rates for each industry in South Africa for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.

Worldwide Salary Raises: All Countries and All Jobs

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Corporate Treasurer Bonus and Incentive Rates in South Africa

How much and how often are bonuses being awarded?Annual Salary Bonus Rate South Africa Corporate Treasurer
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A Corporate Treasurer is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

15% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 85% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
No Bonus

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.

What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

A graphics designer working for a graphics designing company.

A graphic designer in the marketing department of a hospital.

Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly South Africa
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Where can you get paid more, working for a private company or for the government? Public sector Corporate Treasurer employees in South Africa earn 7% more than their private sector counterparts.

Private Sector
30,500 ZAR
Public Sector+7%
32,600 ZAR
Percentage increase and decrease are relative to the previous value

Corporate Treasurer Salary Trend and Forecast in South Africa

How are Corporate Treasurer salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly South Africa Corporate Treasurer
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Average Salary 2016
48,100 ZAR
Average Salary 2017+4%
49,900 ZAR
Average Salary 2018+4%
51,800 ZAR
Average Salary 2019+4%
53,700 ZAR
Percentage increase and decrease are relative to the previous value

Corporate Treasurer salaries in South Africa are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 4% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.

Corporate Treasurer Average Hourly Wage in South Africa

320 ZAR per hour

The average hourly wage (pay per hour) in South Africa is 320 ZAR. This means that the average Corporate Treasurer in South Africa earns approximately 320 ZAR for every worked hour.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Corporate Treasurer VS Other Jobs

Salary Comparison Between Corporate Treasurer and Accounting and Finance monthly South Africa
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The average salary for Corporate Treasurer is 83% more than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% less than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner19,500 ZAR-65%
Account Executive31,400 ZAR-44%
Accountant23,000 ZAR-59%
Accounting Assistant22,100 ZAR-60%
Accounting Associate21,400 ZAR-62%
Accounting Clerk16,200 ZAR-71%
Accounting Coordinator17,500 ZAR-69%
Accounting Manager40,500 ZAR-27%
Accounting Supervisor29,800 ZAR-46%
Accounting Technician19,800 ZAR-64%
Accounts Executive27,100 ZAR-51%
Accounts Payable and Receivable Specialist26,100 ZAR-53%
Accounts Payable Clerk15,900 ZAR-71%
Accounts Payable Manager32,100 ZAR-42%
Accounts Receivable Clerk17,000 ZAR-69%
Accounts Receivable Manager34,100 ZAR-39%
Assistant Accounting Manager27,400 ZAR-51%
Assistant Auditor24,100 ZAR-57%
Audit Supervisor40,900 ZAR-27%
Auditing Clerk20,700 ZAR-63%
Auditing Manager43,100 ZAR-23%
Billing Coordinator27,200 ZAR-51%
Billing Specialist24,800 ZAR-55%
Billing Supervisor29,800 ZAR-46%
Bookkeeper16,500 ZAR-70%
Bookkeeping Specialist22,600 ZAR-59%
Budget Analyst25,600 ZAR-54%
Budget Manager37,400 ZAR-33%
Business Support Analyst29,500 ZAR-47%
Capital Markets Associate34,100 ZAR-39%
Cash Flow Analyst31,500 ZAR-43%
Cash Management Officer29,600 ZAR-47%
Cashbook Clerk20,000 ZAR-64%
Chartered Accountant27,300 ZAR-51%
Collections Clerk17,300 ZAR-69%
Collections Specialist21,100 ZAR-62%
Corporate Treasurer55,700 ZAR+0%
Cost Accountant26,100 ZAR-53%
Cost Accounting Manager33,800 ZAR-39%
Cost Analyst31,900 ZAR-43%
Credit and Collection Manager36,200 ZAR-35%
Credit and Collection Staff17,400 ZAR-69%
Credit and Loans Officer17,900 ZAR-68%
Credit Controller31,300 ZAR-44%
Debt Adviser38,000 ZAR-32%
Debt Collector26,800 ZAR-52%
Debtors Clerk23,800 ZAR-57%
Deputy CFO54,500 ZAR-2%
Derivative Trader44,100 ZAR-21%
Escrow Assistant25,600 ZAR-54%
External Auditor31,700 ZAR-43%
Finance Associate24,900 ZAR-55%
Finance Executive50,900 ZAR-9%
Finance Licensing Clerk20,100 ZAR-64%
Finance Licensing Manager32,300 ZAR-42%
Finance Licensing Specialist25,400 ZAR-54%
Finance Officer36,300 ZAR-35%
Finance President66,500 ZAR+19%
Finance Relationship Manager46,100 ZAR-17%
Finance Release Analyst29,100 ZAR-48%
Finance Team Leader 33,900 ZAR-39%
Financial Actuary32,500 ZAR-42%
Financial Administrator28,200 ZAR-49%
Financial Analyst32,500 ZAR-42%
Financial Applications Specialist21,000 ZAR-62%
Financial Assistant19,100 ZAR-66%
Financial Associate23,900 ZAR-57%
Financial Claims Analyst29,700 ZAR-47%
Financial Claims Manager33,700 ZAR-39%
Financial Commercial Analyst29,400 ZAR-47%
Financial Compliance Analyst31,600 ZAR-43%
Financial Consultant29,700 ZAR-47%
Financial Controller29,300 ZAR-47%
Financial Coordinator27,600 ZAR-50%
Financial Customer Service Manager38,000 ZAR-32%
Financial Dealer and Broker27,700 ZAR-50%
Financial Encoder17,500 ZAR-69%
Financial Manager62,200 ZAR+12%
Financial Operations Manager47,100 ZAR-15%
Financial Policy Analyst32,000 ZAR-43%
Financial Project Manager30,200 ZAR-46%
Financial Quantitative Analyst35,300 ZAR-37%
Financial Reporting Consultant32,600 ZAR-41%
Financial Reporting Manager38,900 ZAR-30%
Financial Services Sales Agent29,200 ZAR-48%
Fixed Assets Administrator26,500 ZAR-52%
Forensic Accountant26,000 ZAR-53%
Fraud Detection Supervisor29,600 ZAR-47%
Fraud Prevention Manager45,200 ZAR-19%
Fund Accountant23,200 ZAR-58%
Grants Coordinator20,200 ZAR-64%
Internal Auditor32,200 ZAR-42%
Internal Control Adviser33,200 ZAR-40%
Internal Control Officer28,000 ZAR-50%
Inventory Accountant50,400 ZAR-9%
Investment Analyst41,000 ZAR-26%
Investment Fund Manager44,100 ZAR-21%
Investment Underwriter19,800 ZAR-64%
Investor30,400 ZAR-45%
Investor Relations Manager40,600 ZAR-27%
KYC Team Leader40,500 ZAR-27%
Management Economist36,100 ZAR-35%
Paymaster25,500 ZAR-54%
Payroll Clerk19,000 ZAR-66%
Payroll Manager32,400 ZAR-42%
Pensions Administrator25,200 ZAR-55%
Pricing Analyst35,200 ZAR-37%
Private Equity Analyst37,300 ZAR-33%
Proposal Development Coordinator24,800 ZAR-55%
Receivables Accountant21,300 ZAR-62%
Regulatory Accountant24,200 ZAR-57%
Retirement Plan Analyst32,400 ZAR-42%
Revenue Management Specialist27,200 ZAR-51%
Revenue Recognition Analyst42,800 ZAR-23%
Risk Management Director50,900 ZAR-9%
Risk Management Supervisor39,100 ZAR-30%
Tax Accountant22,400 ZAR-60%
Tax Advisor30,800 ZAR-45%
Tax Associate24,000 ZAR-57%
Tax Manager46,900 ZAR-16%
Teller14,700 ZAR-74%
Treasury Accountant24,700 ZAR-56%
Treasury Analyst32,600 ZAR-41%
Underwriter18,700 ZAR-66%
Underwriting Assistant17,100 ZAR-69%
Vice President of Finance45,600 ZAR-18%

Salary Comparison By City

CityAverage Salary
Bloemfontein53,500 ZAR
Cape Town60,900 ZAR
Durban59,900 ZAR
Johannesburg59,300 ZAR
Port Elizabeth55,000 ZAR
Pretoria54,100 ZAR
20000 - 1

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