Income Inequality In South Africa 2019
23 june 2019 17 31 bekezela.
Income inequality in south africa 2019. Low intergenerational mobility is an obstacle to inequality reduction 53 f. 5 over that century then per capita income had grown by about one and a quarter percent per annum but. Income and wealth inequality in south africa. Inequality manifests itself through a skewed income distribution unequal access to opportunities and regional disparities.
Sa s white population has highest annual average income statistics sa stats sa released the inequality trends in south africa report on thursday 14 november 2019. The report which is the first of its kind in south africa used data collected by stats sa from 2002 until 2017 these include the income and expenditure survey living conditions survey general. If anything the rainbow nation is even more divided now than. Despite 25 years of democracy south africa remains the most economically unequal country in the world according to the world bank.
The study documents the progress south africa has made in reducing poverty and inequality since the end of apartheid in 1994 with a focus on the period between 2006 and 2015. Drivers of poverty and inequality in. An inequality trends report the first of its kind launched on november 14 2019 by statistics south africa stats sa and the south african labour and development research unit saldru at the. Africa forges ahead with own ratings agency plan.
October 5 2019 thabodiseko. Inequality slows down poverty reduction 58 chapter 4. South africa has. South africa s household income per person in 2010 in current rand values was about r31 600 versus approximately r9 000 in 1910 measured in the same purchasing power.
Rising income inequality a threat to growth in sa warns moody s. Six charts explain south africa s inequality. Wealth inequality is very high even higher than income inequality 51 e. We met a year earlier while doing a six months long course that would allow us entry to work as trainee officers on the warships.
Incidence of growth 56 g.