Risk manager salary in South Africa

The average salary for a Risk Manager is R 668 916 per year in South Africa. This figure is based on 12 salaries taken from job postings on Indeed in the past 36 months, last updated on 29 July 2026.

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Risk Manager salaries typically range between a low of R 365 980 and a high of R 1 222 605 per year, depending on experience, location, and the hiring company.

Some of the highest-paying cities for Risk Manager include Johannesburg, Gauteng at R 1 052 863 per year, Durban, KwaZulu-Natal at R 1 052 863 per year and Cape Town, Western Cape at R 1 052 863 per year.

Based on recent job postings on Indeed, some of the top-paying companies for Risk Manager include Macdonald & Company (US$1 450 000 per year) and Standard Bank (US$1 366 667 per year).