The Social Security Rate in South Africa stands at 2 percent. Social Security Rate in South Africa averaged 2.57 percent from 2004 until 2024, reaching an all time high of 3.00 percent in 2005 and a record low of 2.00 percent in 2016. source: South African Social Security Agency (SASSA)
Social Security Rate in South Africa is expected to reach 2.00 percent by the end of 2024, 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 2025, according to our econometric models.