Income Classes South Africa

If you earn more than r1149 per month then you earn more than half of the country.

Income classes south africa. John simpson director of the university of cape town s unilever institute of strategic marketing defines middle class south africans as those who earn between 1 550 and 4 800 per month or who. The middle class is part of the upper group of households in the south african spread. The wealthiest households in south africa only account for 1 2 r1 48 million r2 36 million per annum. The term country used interchangeably with economy does not imply political independence but refers to.

Middle income economies are those with a gni per capita of more than 1 045 but less than 12 736. Report 03 10 06 poverty trends in south africa. Remote training courses instructor led. If you earn more than r15 000 per month then you are in the top 3 percent of south africans.

If you have a salary of r7313 or more then you are in the top 10 percent of south africa. 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. 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. Online or onsite instructor led live fixed income training courses in south africa.

10 of south africans have an income of r345 or less per month. The upper bound poverty line of r992 per person per month is the threshold used to determine the middle class. The threshold used to determine middle class is the upper bound poverty line 2015 of. This graph shows the make up of south africa s classes by race according to the world bank s report.

The bank notes that 62 3 of households fall within the poorest income bracket below r86 000 per annum while middle income groups r86 001 r1 48 million per annum comprise a combined 26 4 of south african households. South africa 27 0 10 005 5793 southafrica nobleprog co za message us. An examination of absolute poverty between 2006 and 2011. The classification tables include all world bank members plus all other economies with populations of more than 30 000.

This graph displays the makeup of south africa s classes by race.