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South Africa News

2 February 2020 - The CMCC Foundation, RFF-CMCC European Institute on Economics and the Environment (EIEE) and Athens University of Economics and Business conducted a study which revealed that climate change in South Africa could highly affect low-skilled labour sectors. The higher temperatures could affect worker productivity, thereby reducing the South African GDP. Take the Salary Check to see who earns what in South Africa

Work and Pay Laws

If an employee in South Africa works on a Sunday, he/she gets 150% of the employee's wage for  each hour worked, but if the employee does not ordinarily work on a Sunday, he/she gets 200% of  employee's wage for each hour worked which should not be less than an employee's normal  wage rate. Know more about Public Holidays and Weekend Work

 

Economic Facts

  • South Africa has diverse manufacturing industries and is a world leader in several specialised sectors, including railway rolling stock, synthetic fuels, mining equipment and machinery. The industrial sector employs nearly one-fourth of the workforce (22.7%) and represents 26% of the country's GDP. Take the cost of living survey in South Africa
  • According to the World Bank, South Africa in 2019 had the world's highest level of income inequality. The World Bank finds that 70.9% of the nation's wealth is owned by the top 1% of the population. Learn more about Global Wage Comparison
  • Did you know that more than 50% of the agricultural exports from South Africa were fruits? This contributes to more than 2.5% of the country’s GDP. Figures indicate that approximately 4.7 million tons of fruits are produced in South Africa, from which only 12% is sold locally, 28% is used for processing, and 59% is exported.  Check your cost of living!
  • South Africa is the seventh largest producer of wine in the world, producing approximately 3.9% of the world’s quantity of wine. This provides employment in the hospitality sector and tourism sector, as well as the agricultural sector. What do people earn in these sectors?
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