The Social Security Rate in South Africa stands at 2 percent. source: South African Social Security Agency (SASSA)

Social Security Rate in South Africa averaged 2.67 percent from 2004 until 2021, reaching an all time high of 3 percent in 2005 and a record low of 2 percent in 2016. This page provides - South Africa Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. South Africa Social Security Rate - values, historical data and charts - was last updated on October of 2021.

Social Security Rate in South Africa is expected to reach 2.00 percent by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Social Security Rate is projected to trend around 2.00 percent in 2022, according to our econometric models.

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South Africa Social Security Rate

South Africa Last Unit Reference Previous Highest Lowest
Social Security Rate 2.00 percent Dec/21 2.00 3.00 2.00
Social Security Rate For Companies 1.00 percent Dec/21 1.00 2.00 1.00
Social Security Rate For Employees 1.00 percent Dec/21 1.00 1.00 1.00

South Africa Social Security Rate
In South Africa, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate are an important source of income for the government of South Africa because they help to pay for many social programs including welfare, health care and many other benefits.