Income Classes In South Africa

We ve listed some of the most sobering stats below.

Income classes in south africa. Inequality in south africa is deeply racialized gendered and spatialized. For the current 2016 fiscal year low income economies are defined as those with a gni per capita calculated using the world bank atlas method of 1 045 or less in 2014. An examination of absolute poverty between 2006 and 2011. 10 of south africans have an income of r345 or less per month.

The country and lending groups page provides a complete list of economies classified by income region and lending status and links to previous years classifications. In south africa economist justin visagie describes the middle class as a household of four persons with a total income of between r5 600 and r40 000 per month after direct income tax. Report 03 10 06 poverty trends in south africa. South africa is the most unequal country in the world measured in terms of both income and wealth.

The poverty trends report analyzes trends in poverty and inequality between 2006 and 2011 drawing on money metric data collected through the income and expenditure survey ies 2005 06 and 2010 11 as well as the living conditions survey lcs 2008 09. The covid 19 pandemic is threatening previously cushioned sections of society with what poor and working class individuals and households have always lived through. The income comparison tool allows you to see where your salary and household income fall in correlation to the rest of south africa. The threshold used to determine middle class is the upper bound poverty line 2015 of.

The classification tables include all world bank members plus all other economies with populations of more than 30 000. This graph shows the make up of south africa s classes by race according to the world bank s report. Online or onsite instructor led live fixed income training courses in south africa. The upper bound poverty line of r992 per person per month is the threshold used to determine the middle class.

Fixed income training courses in south africa south africa 27 0 10 005 5793 southafrica nobleprog co za message us. High income economies are those with a gni per capita of 12 736 or more. By this method the relatively affluent middle class comprised 29 9 of south african households in 2008 but in comparison to the literal middle also about a third of the population has a far higher monthly income bracket of r1 400 r10 000 per capita.