Key Facts: South Africa vs Venezuela Wages
- South Africa Minimum Wage
- R30.23/hr ($1.86 USD)
- Venezuela Minimum Wage
- Bs.D0.68/hr ($0.02 USD)
- South Africa Avg. Gross Monthly Salary
- R26,500 /mo ($1,630.41 USD)
- Venezuela Avg. Gross Monthly Salary
- Bs.D500 /mo ($13.70 USD)
- Data Sources
- Department of Employment and Labour; 2026 figure cross-verified via Wikipedia List of countries by minimum wage (eff 2026-03-01) (2026-05-04), Venezuelan Ministry of Labour (MINPPTRASS) / Decreto 4.653/2022 / Cendas-FVM. Confirmed: legal salario mínimo has been UNCHANGED at VES 130 since March 2022 (over 4 years frozen amid hyperinflation). Effective real income for workers is dominated by the 'ingreso integral' (bono de guerra económica + CESTATICKET food bonus), increased to USD 240/month effective 1 May 2026. (2026-05-04)
South Africa 
Venezuela
Updated 2026-05-04
The minimum wage in South Africa is roughly 100 times higher than in Venezuela in USD terms, reflecting the gap between a upper-middle-income and a upper-middle-income economy. Average gross salaries diverge further: $1,630/mo in South Africa versus $14/mo in Venezuela, a 119.0:1 ratio. Venezuela has the tighter labor market, with unemployment at 5.3% compared to 32.4%.
South Africa's unemployment rate is 32.4% compared to Venezuela's 5.3%.
Detailed Comparison
| Metric | South Africa | Venezuela |
|---|---|---|
| Minimum wage /hr | R30.23 $1.86 | Bs.D0.68 $0.02 |
| Minimum wage /day | — | Bs.D5.42 $0.15 |
| Minimum wage /mo | R5,239.87 $322.38 | Bs.D130 $3.56 |
| Minimum wage /yr | R62,878.40 $3,868.58 | — |
| Avg. gross salary /mo | R26,500 /mo $1,630.41 | Bs.D500 /mo $13.70 |
| Avg. net salary /mo | R21,500 /mo $1,322.78 | N/A/mo |
| Median individual income /yr | R72,000 /yr $4,429.79 | N/A/yr |
Percentage differences are based on USD equivalent values. Positive means South Africa is higher.
Work Week
- South Africa
-
45 hrs/wk standard
Max 45 hrs/wk
Overtime : 1.5x pay
Basic Conditions of Employment Act sets maximum ordinary hours at 45 per week (9 hrs/day for 5-day week, or 8 hrs/day for 6-day week). Overtime maximum of 10 additional hours per week. Overtime rate is 1.5x; Sunday/public holiday work is 2x.
- Venezuela
-
40 hrs/wk standard
Max 44 hrs/wk
Overtime : 1.5x pay
Organic Labour Law (LOTTT) of 2012 sets the standard workweek at 40 hours (8 hours/day, 5 days). Certain sectors may work up to 44 hours/week. Overtime is limited to 100 hours/year and paid at a premium of at least 50%. Night work (7pm–5am) carries a 30% premium. Workers are entitled to 2 years advance notice before termination — the LOTTT provides extremely strong job security provisions. Saturday is often worked in practice in commerce/industry.
• WAGE TRAJECTORY (USD/hr)
What This Means for Workers
A minimum wage worker moving from Venezuela to South Africa would see a 9883% increase in USD-equivalent hourly earnings. Standard work weeks differ: South Africa mandates 45 hours while Venezuela mandates 40 hours. A minimum wage worker's weekly earnings in South Africa are $84 vs $1 in Venezuela.
See this comparison from Venezuela's perspective: Venezuela vs South Africa
Compare South Africa with...
South Africa vs United States $ 7.25 /hr 
South Africa vs China ¥ 25 /hr 
South Africa vs Germany € 13.9 /hr 
South Africa vs United Kingdom £ 12.71 /hr 
South Africa vs India ₹ 4,576 /mo 
South Africa vs Japan ¥ 1,121 /hr 
South Africa vs France € 12.02 /hr 
South Africa vs South Korea ₩ 10,320 /hr 
South Africa vs Canada C$ 18.1 /hr 
South Africa vs Australia A$ 24.95 /hr 
South Africa vs Brazil R$ 7.37 /hr 
South Africa vs Russia ₽ 156.31 /hr 
South Africa vs Mexico MX$ 9,583.52 /mo 
South Africa vs Indonesia Rp 33,058 /hr 
South Africa vs Netherlands € 14.71 /hr 
South Africa vs Saudi Arabia ﷼ 23.08 /hr 
South Africa vs Turkey ₺ 164.94 /hr 
South Africa vs Taiwan NT$ 190 /hr 
South Africa vs Switzerland 
South Africa vs Poland zł 31.4 /hr 
South Africa vs Thailand ฿ 10,400 /mo 
South Africa vs Sweden 
South Africa vs Argentina ARS 1,762 /hr 
South Africa vs Singapore Frequently Asked Questions
Is the minimum wage higher in South Africa or Venezuela?
In South Africa, the minimum wage is R30.23/hr ($1.86 USD). In Venezuela, it is Bs.D0.68/hr ($0.02 USD). South Africa has the higher rate by 9883% in USD terms. That nominal gap does not account for local prices; see the purchasing power comparison below for a cost-of-living-adjusted view. Workers in Venezuela may retain a larger share of their earnings if prices there are lower.
How much more does the average worker earn in South Africa compared to Venezuela?
The average gross salary in South Africa is R26,500/mo ($1,630.41 USD), compared to Bs.D500/mo ($13.70 USD) in Venezuela. In USD terms, workers in South Africa earn approximately 11802% more. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between South Africa and Venezuela is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in South Africa earn more in nominal terms, though how far that income stretches depends on local prices in Venezuela.
How do work hours compare between South Africa and Venezuela?
South Africa has a longer standard work week at 45 hours, compared to 40 hours in Venezuela. Workers in South Africa work 45 hours per week by law. Longer mandatory hours can offset a nominally higher wage; a worker in Venezuela working fewer hours may have comparable or better effective hourly earnings depending on the wage levels of each country. Total annual compensation depends on both the wage rate and the number of hours required.