total population in 2022
expected GDP in 2023
Social Security: 16%
Payroll Tax: 3%
Total Employment Cost: 19%
Income Tax Rates:
XOF 0 – 30,000 – 0%
XOF 30,001 – 50,000 – 12.1%
XOF 50,001 – 80,000 – 13.9%
XOF 80,001 – 120,000 – 15.7%
XOF 120,001 – 170,000 – 18.4%
XOF 170,001 – 250,000 – 21.7%
Above XOF 250,000 – 25%
34,664 CFA francs a month
8 hours per day
15% to 120% of the normal rate
3 months
22 days (paid)
14 weeks (paid)
20 days (paid)
4 months (1-month full salary / 3 months 50% salary)
not required by law (under the discretion of the employer)
*Info is not binding, may vary, and is provided only as an indication.
Since the end of apartheid in the early 1990s, South Africa has attracted many foreign investments with social and political reforms conducive to business from different industries.
This democratic nation is the 10th youngest population in the world. Around 65% of its people are under 25 years old.
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