Had a chat with the old thingy who has a ZA matric. It is quite difficult to quantify but on the basis that a child writes 'O' levels, GCSEs, here at 16, at which age he may leave school, we estimate that kilo for kilo, a ZA matric is about one year behind a UK 'O' level and thus at least two behind an 'A' level.
We may be well out on this and we have estimated that standards in the ZA public school sector (as opposed to private school) have deteriorated somewhat in the last few years.
I also await responses to your query with interest.