R680,000
Avg. Base Salary (ZAR)
/ year
Avg. Base Salary (ZAR)
The average salary for an Actuary is R680,000 in 2025
Base Salary
R0 - R680k
Bonus
R0 - R155k
Total Pay
R0 - R835k
Is Average Actuary with Product Development Skills Salary at Old Mutual South Africa in South Africa your job title? Find out what you should be paid
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What Do Actuaries Do?
Actuary Tasks
- Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits.
- May ascertain premium rates required and cash reserves necessary to ensure payment of future benefits.
Find your market worth – how it works:
Common Health Benefits for a Actuary
Medical
100%
Dental
50%
Gender Breakdown for Actuaries
Male
100.0%
This data is based on 1 survey responses. Learn more about the gender pay gap.
FAQs About Actuaries
What is the highest pay for Actuaries?
Our data indicates that the highest pay for an Actuary is ZARNaN / year
What is the lowest pay for Actuaries?
Our data indicates that the lowest pay for an Actuary is ZARNaN / year
How can Actuaries increase their salary?
Increasing your pay as an Actuary is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are an Actuary that oversees more junior Actuaries, this experience can increase the likelihood to earn more.