Home > Salary > South Africa > Financial Officer
A financial officer is responsible for overseeing the financial operations of an organization. They play a crucial role in managing the company's financial resources, ensuring compliance with financial regulations, and providing strategic financial advice to senior management. Their key responsibilities include budgeting, financial planning and analysis, cash flow management, risk assessment, and financial reporting. Financial officers also monitor financial performance, identify areas for improvement, and develop strategies to enhance profitability and efficiency. They collaborate with various departments to ensure financial goals are met and provide guidance on financial decision-making. Strong analytical skills, attention to detail, and knowledge of financial principles and practices are essential for this role.
Estimated Yearly Salary: 173,196 ZAR
Estimated Monthly Salary: 14,433 ZAR
Estimated Weekly Salary: 3,331 ZAR per week
Estimated Hourly Salary: 83 ZAR per hour
Values are pre-tax
Last revision of data: 2025-01-04
Estimated Monthly Salary: 13,918 ZAR
Estimated Weekly Salary: 3,212 ZAR per week
Estimated Hourly Salary: 80 ZAR per hour
Last revision of data: 2024-01-03
Estimated Yearly Salary: 8,618 USD
Estimated Monthly Salary: 718 USD
Estimated Weekly Salary: 166 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %
Data confidence is - relatively high
Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Estimated Yearly Salary: 173,196 ZAR
Estimated Monthly Salary: 14,433 ZAR
Estimated Weekly Salary: 3,331 ZAR per week
Estimated Hourly Salary: 83 ZAR per hour
By working as Financial Officer a person can save up to 447 USD per month or 5,364 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in South Africa, see costs of living in South Africa.
Estimated Yearly Salary for Financial Officer
Last revision of data: 2025-01-04
Data as of 2025
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Financial Officer salary in South Africa
Average Yearly Salary of Financial Officer in South Africa is approximately 173,196 ZAR (8,618 USD). Data is for 2025 and indicates a pre-tax value. The salary itself depends on multiple factors such as seniority, job performance, certifications, experience or any other bonuses. The value indicated is an average amount based on records we have in database. Real values may vary. The data is for orientational purposes.
What does Financial Officer do?
A financial officer is responsible for overseeing the financial operations of an organization. They play a crucial role in managing the company's financial resources, ensuring compliance with financial regulations, and providing strategic financial advice to senior management. Their key responsibilities include budgeting, financial planning and analysis, cash flow management, risk assessment, and financial reporting. Financial officers also monitor financial performance, identify areas for improvement, and develop strategies to enhance profitability and efficiency. They collaborate with various departments to ensure financial goals are met and provide guidance on financial decision-making. Strong analytical skills, attention to detail, and knowledge of financial principles and practices are essential for this role.
Skills: Financial officer, Finance management, Budgeting, Financial planning, Risk assessment, Financial reporting
Job industry: Finance
Job industry: Finance
How much does Financial Officer make?
Salary details
How much does Financial Officer make?Estimated Yearly Salary: 173,196 ZAR
Estimated Monthly Salary: 14,433 ZAR
Estimated Weekly Salary: 3,331 ZAR per week
Estimated Hourly Salary: 83 ZAR per hour
Values are pre-tax Last revision of data: 2025-01-04Comparing salary to last year:
Estimated Yearly Salary: 167,020 ZAREstimated Monthly Salary: 13,918 ZAR
Estimated Weekly Salary: 3,212 ZAR per week
Estimated Hourly Salary: 80 ZAR per hour
Last revision of data: 2024-01-03Financial Officer estimated salary in USD
For easier comparison here is an estimated salary in USD:Estimated Yearly Salary: 8,618 USD
Estimated Monthly Salary: 718 USD
Estimated Weekly Salary: 166 USD per week
Estimated Hourly Salary: 4 USD per hour
Difference in salary year over year or average salary increase is approximately
4 %About these results
Data confidence is - relatively high Data fetched from dabase: 14 submissions.
Results are anonymized. Amounts indicated are pre-tax, meaning no deductionts yet have been made to the basic salary. Salaries where there are less than 3 entries are not displayed.
Want to check how your salary compares? Submit your own salary here
Compare salary to other countries
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Country:
Salary comparison to National average
South Africa is a diverse and vibrant country located at the southernmost tip of the African continent. It has a population of approximately 59 million people and covers an area of around 1.2 million square kilometers. The country is known for its rich cultural heritage, stunning landscapes, and abundant wildlife.
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Financial Officer job salary compared to average salary in South Africa.
Comparison shows that a person working as Financial Officer in South Africa earns on average:
1.36 times the average salary (or 136% of average salary).
Estimated national average yearly salary is 126,956 ZAR (6,780 USD). Value indicated is pre-tax. Below graph shows estimated Financial Officer job salary compared to average salary in South Africa.
Comparison shows that a person working as Financial Officer in South Africa earns on average:
1.36 times the average salary (or 136% of average salary).
Is Financial Officer a well paid job?
Yes, our data shows that Financial Officer is a well paid job. With years and experience the salary might increase even further, resulting in higher satisfaction.What is considered a high salary for Financial Officer?
High salary for Financial Officer would be somewhere between 190,516 ZAR and 251,134 ZAR. However this is an estimation based on Gaussian Distribution.How much can you save working as Financial Officer in South Africa?
Living in South Africa the approximate monthly expenses are: 271 USD. This amount covers basic needs such as food, housing, clothing, healthcare and education costs for a single person. No luxury expenses such as traveling, leisure, hobbies are included in the estimation.Estimated Yearly Salary: 173,196 ZAR
Estimated Monthly Salary: 14,433 ZAR
Estimated Weekly Salary: 3,331 ZAR per week
Estimated Hourly Salary: 83 ZAR per hour
By working as Financial Officer a person can save up to 447 USD per month or 5,364 USD yearly. Values are pre-tax.
NOTE: These values are estimates and are averaged for the whole country. Furthermore the value is likely exaggerated as no other expenses are taken into account in the projection. Unessential expenses are very subjective and are difficult to assess. Most likely the previously estimated number is significantly lower for majority of people. Expenses in different cities across the country may vary. Above values accuracy is low and is based on limited set of data obtained.
For more information regarding expenses in South Africa, see costs of living in South Africa.
Salary comparison to region and neighbouring coutries
Country's neighbours are: Namibia, Botswana, Zimbabwe, Mozambique, Eswatini, Lesotho. To make it easier for comparison a conversion from local currency to USD has been made (conversion rates may vary).Estimated Yearly Salary for Financial Officer
Last revision of data: 2025-01-04Salary increase per years of experience
Based on data available the salary increase per years of experience is as following- 0 years (beginner) equals base salary
- 1 to 5 years of experience yields
+12% salary increase- 6 to 10 years of experience yields
+25% salary increase- 11 to 15 years of experience yields
+16% salary increase- 16 to 25 years of experience yields
+9% salary increase- more than 25 years of experience yields
+10% salary increaseTop 10 highest salaries in South Africa
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9. Oncologist
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Data as of 2025Random salary:
Allergy specialist (88,968 ZAR per year, pre-tax.)
Licensed medical aesthetician (74,041 ZAR per year, pre-tax.)
Chemical process engineer (177,738 ZAR per year, pre-tax.)
Senior program manager it (308,494 ZAR per year, pre-tax.)
Lead hand (73,627 ZAR per year, pre-tax.)
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