The Social Security Rate For Companies in South Africa stands at 1 percent. Social Security Rate For Companies in South Africa averaged 1.57 percent from 2004 until 2024, reaching an all time high of 2.00 percent in 2005 and a record low of 1.00 percent in 2016. source: South African Social Security Agency (SASSA)

Related	Last	Previous	Unit	Reference
Corporate Tax Rate	27.00	27.00	percent	Dec 2024
Personal Income Tax Rate	45.00	45.00	percent	Dec 2024
Sales Tax Rate	15.00	15.00	percent	Dec 2024
Social Security Rate	2.00	2.00	percent	Dec 2024
Social Security Rate For Companies	1.00	1.00	percent	Dec 2024
Social Security Rate For Employees	1.00	1.00	percent	Dec 2024
Withholding Tax Rate	15.00	15.00	percent	Dec 2024

South Africa Social Security Rate For Companies

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.