Minimum Wage – Private Security Sector (Psira)

  • Valid in September 2024
  • Minimum wage with effect from 01 March 2024.
  • Minimum wage with effect till 28 February 2024.
  • The amounts are in South African Rand (R).

JOB TYPE

Per month
Artisans – Area 1 + 2R8 611,00
Artisans – Area 3R7 518,00
Clerical Assistant – Area 1 + 2R4 487,00
Clerical Assistant – Area 3R4 486,00
Clerk during 1st year of experience – Area 1 + 2R4 662,00
Clerk during 1st year of experience – Area 3R4 486,00
Clerk during 2nd year of experience – Area 1 + 2R4 976,00
Clerk during 2nd year of experience – Area 3R4 486,00
Clerk during 3rd year of experience – Area 1 + 2R5 234,00
Clerk during 3rd year of experience – Area 3R4 486,00
Clerk after 3rd year of experience – Area 1 + 2R5 516,00
Clerk after 3rd year of experience – Area 3R4 689,00
Control or Communication Center Operator – Grade A – Area 1 + 2R6 217,00
Control or Communication Center Operator -Grade A – Area 3R5 239,00
Control or Communication Center Operator -Grade B – Area 1 + 2R5 640,00
Control or Communication Center Operator -Grade B – Area 3R4 824,00
Control or Communication Center Operator -Grade C,D&E – Area 1 + 2R5 036,00
Control or Communication Center Operator -Grade C,D&E – Area 3R4 786,00
Controller – Area 1+2R4 487,00
Controller – Area 3R4 486,00
Driver of a light motor vehicle – Area 1 + 2R4 516,00
Driver of a light motor vehicle – Area 3R4 486,00
Driver of a medium motor vehicle – Area 1 + 2R4 941,00
Driver of a medium motor vehicle – Area 3R4 486,00
Driver of a heavy motor vehicle – Area 1 + 2R5 054,00
Driver of a heavy motor vehicle – Area 3R4 486,00
General Worker – Area 1 + 2R4 487,00
General Worker – Area 3R4 486,00
Handyman – Area 1 + 2R4 996,00
Handyman – Area 3R4 486,00
Security inspector / Safety inspector – Grade A – Area 1 + 2R6 217,00
Security inspector / Safety inspector – Grade A – Area 3R5 239,00
Security inspector / Safety inspector – Grade B – Area 1 + 2R5 640,00
Security inspector / Safety inspector – Grade B – Area 3R4 824,00
Security inspector / Safety inspector – Grade C,D&E – Area 1 + 2R5 036,00
Security inspector / Safety inspector – Grade C,D&E – Area 3R4 786,00
Employees not else where specified – Area 1 + 2R4 498,00
Employees not else where specified – Area 3R4 498,00

DEFINITIONS

AREAS 1 AND 2 Aiberton, Bellviile, Benoni, Bloemfontein, Boksburg, Brekpan, Camperdown, Chatsworth, Durban, East London, Germiston, Goodwood, Manda, Johannesburg, Kempton Park, Kimberley, Kterksdorp, Krugersdorp, Kuifs River, Mitchell’s Plain, Nigel, Oberholzer, Paari, Pietermaritzburg, Pinetown, Port Elizabeth, Pretoria, Randburg, Randfontein, Roodepoort, Sasolburg, Simon’s Town, Somerset West, Springs, Stellenbosch, Strand, The Cape, Uitenhage, Vanderbljipark, Vereeniging, Westonarla, Wonderboom and Wynberg.
Area 3 – All other areas not specified elsewhere.

South Africa has a government-mandated minimum wage. No worker in South Africa can be paid less then this mandatory minimum rate of pay.
Employers in South Africa who fail to pay the Minimum Wage may be subject to punishment by the government of South Africa.

Wages per month are calculated as 4.33 times if a weekly wage is defined. It is calculated as 4.33 times the standard hours per week if an hourly wage is given.

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MORE INFORMATION IS AVAILABLE AT

  • Overview Minimum Wages in South Africa
  • Minimum Wages around the World
  • News about Minimum Wages
  • Minimum Wage and Labour Laws
  • Minimum Wage Regulations
  • About the Minimum Wages Database

Student Loans in South Africa: How to Apply and What to Expect

For many young South Africans, accessing higher education is a dream that often comes with a financial challenge. Fortunately, several student loan optionsstrong> are available in South Africa to help fund university, college, or TVET studies. Whether you’re looking for a government loan like NSFAS or a private student loan from a bank, understanding the process is essential for success.

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What Are Student Loans?

Student loans are a form of financial aid provided to eligible students to help cover tuition fees, books, accommodation, and other study-related expenses. In South Africa, these loans can come from government institutions like NSFAS or private banks such as Nedbank, Standard Bank, FNB, and Absa. Most loans offer repayment flexibility and low-interest options until you graduate.

Types of Student Loans in South Africa

  • NSFAS (National Student Financial Aid Scheme): A government-funded loan/grant program for students from low-income households. Covers tuition, housing, transport, and meals.
  • Bank Student Loans: Offered by most major banks. These are credit-based and require a guardian or parent as a co-signer.
  • Private Loan Providers: Companies like Fundi offer educational loans covering various costs such as school fees, gadgets, and textbooks.

Requirements to Qualify for a Student Loan

Each provider has its own criteria, but most South African student loans require the following:

  • Proof of South African citizenship or permanent residency
  • Proof of registration or acceptance at a recognised tertiary institution
  • Parent or guardian with a stable income to co-sign (for private loans)
  • Completed application form with supporting documents (ID, proof of income, academic records)

How to Apply for a Student Loan

To apply for a student loan in South Africa, follow these steps:

  1. Identify your loan provider: Choose between NSFAS, a bank, or a private lender.
  2. Gather necessary documents: ID copies, academic transcripts, acceptance letters, and income statements.
  3. Complete the application form online or at a branch.
  4. Await approval: Some banks offer instant decisions, while NSFAS can take a few weeks.
  5. Receive disbursement: Funds are typically paid directly to the institution or your account, depending on the lender.
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Loan Amounts and Repayment

The loan amount you can receive depends on your chosen lender and financial need:

  • NSFAS: Covers full tuition, residence, books, and a personal allowance. The loan becomes a bursary if you pass all your courses.
  • Banks: Can provide up to R120,000 or more annually, depending on tuition costs and credit history.

Repayment usually starts after graduation or once you start earning an income. Bank loans may require interest-only payments during your studies. NSFAS repayment only begins when you earn above a specific income threshold.

FAQs on Student Loans in South Africa

1. Can I apply for a student loan without a parent or guardian?

For government loans like NSFAS, yes. But most banks require a financially responsible co-signer, especially for students without an income.

2. Is NSFAS a loan or a bursary?

NSFAS starts as a loan, but it converts to a bursary if you meet academic performance requirements. This means you may not have to pay it back.

3. What is the interest rate on student loans?

Private banks offer competitive rates between 5% and 12%, depending on the applicant's credit profile. NSFAS charges a much lower interest rate, usually linked to inflation.

4. What happens if I fail my courses?

If you’re funded by NSFAS and fail, your loan won’t convert into a bursary, and you’ll need to repay the full amount. Banks may continue charging interest, and your co-signer may be held liable.

5. Can I use a student loan to pay for accommodation and laptops?

Yes. Both NSFAS and many bank student loans cover costs beyond tuition, including housing, meals, textbooks, and electronic devices like laptops or tablets.

Final Thoughts

Student loans in South Africa offer a much-needed financial lifeline to thousands of students every year. Whether you're applying through **NSFAS** or a private bank, ensure you understand the **terms, interest rates, and repayment conditions** before signing any agreement. Make informed decisions today to secure your academic and financial future tomorrow.