In purchasing power parity terms, most likely yes.

Tbh you are not going to get a SA lifestyle in Europe. Everything about Europe is a downgrade in terms of lifestyle. So you have to choose between lifestyle or the reasons you left SA.

Source : me, a South African who lived in Netherlands and moved back to SA for a better life amongst other things

I have a dream destination and been working 5 years to get there. Even moved to another country to boost my chances but no opportunity to get a work permit