66
South Africa
Q4 2021
Total Labor Force (000s)
22,768
Employed Workers (000s) 14,936
Unemployed Workers (000s) 7,832
Unemployment Rate 34.4%
16,096
16,378
14,687
12,449
14,936
Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021
29.1%
29.1%
30.8%
32.5%
34.4%
Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021
29% - First Vaccine Dose
(December 2021)
Covid Update
South African employers
have been issued with a
directive where they are to
determine if they intend to
make vaccines
mandatory. Some private
sector employers have
already made the vaccine
mandatory.
3%
28%
15%
0%
25%
50%
75%
Employer Tax Profit Tax VAT
South Africa Regional Average
Other Cost Considerations - Tax
Indicative Wages (USD)
$1,543
$1,320
$1.42
$0
$5
$10
$15
$0
$2,500
$5,000
$7,500
Average Wage Manufacturing
Wage
Minimum Wage
South Africa Regional Average
Working Population (in Thousands) Over Time
Unemployment Rate Over Time
Labor Force Statistics
Hiring Demand Trend by Experience Level
TalentNeuron
Year on year inflation in around 4.5%.
During 2021, public sector wages increased by 1.5%.
Monthly Hourly
Key Sources:
https://wageindicator.org/
https://ilostat.ilo.org/
https://www.worldbank.org/
https://tradingeconomics.com/
https://home.kpmg/xx/en/home.html
https://taxsummaries.pwc.com/
https://ec.europa.eu/eurostat
http://www.statssa.gov.za/
