How to make a Lot of Money in South Africa

Climb the corporate ladder

If you have the ability and the drive, climbing the corporate ladder pays off. Some of the top income earners are executives, managers, supervisors and financial professionals. This is one way to make a lot of money in South Africa.

The job market in the country is dynamic and job seekers have to contend with a number of factors when seeking employment. There are however some professions which are renowned for paying well and are often lucrative mainly for this reason to some individuals.

To give you an idea of how you can do this, consider some of the highest paying jobs in South Africa:

Management Consultant:

These are experts on business process improvements. They utilise accounting, engineering, economics or actuarial skills to help evaluate existing organisations and provide expertise on how to improve performance and implement best practices. Earning potential ranges between R201 421 and R1 009 724.

Chartered Accountants:

Highly sought after, typical work aspects cover continuous management of financial systems and budgets, undertaking of financial audits, analysing risk, advising clients on tax planning and providing financial advice. Salaries range between R156 576 and R847 926 a year.

IT Managers:

Looking after all computer-related and internet-related matters within an organisation can earn you up to R778 217 per annum.

Do it your way

Many people opt for entrepreneurship to allow themselves the freedom of making a lot of money in their own way.

If it means working long hours and living well below your means, you can make a lot of money in South Africa.

You need to be diligent and a demanding investor. Don’t allow yourself to be boxed in, but rather explore your options for profit-making activities.

Reinvest your profits

Money makes money, so you need to invest your money in savvy ways.