Friday, January 27, 2017

Black South Africans still earn far less than whites - Survey



Black South Africans earned far less than their white counterparts in 2015, according to data published by Statistics South Africa on Friday.

According to the Statistics South Africa’s Living Conditions Survey, annual household income for blacks stood at an average of 92,893 rand (about 7,000 dollars) compared with 444,446 for whites.

The survey conducted once every five years, also showed that the national average income was 138,168 rand.

Total household income in South Africa was 2.3 trillion rand (172 billion dollars).

Black Africans account for more than 80 per cent of the 55 million population and whites a little over eight per cent.

Statistician General Pali Lehohla said policymakers should take note of the numbers as they showed “what we are up against”.

“We see inequality between population groups but also within population groups,” he said.

Africa’s most industrialized country has struggled to reduce poverty and inequality since the end of white minority rule in 1994.

The economy grew strongly in the first years after apartheid, but growth has tapered off in the past five years to below 3 percent.

This has pushed the country to the brink of credit downgrades that would cause borrowing costs to spiral. Unemployment is at 27 per cent, the highest since 2003.

Protests over the cost of university education and services such as water, roads and electricity have increased, as well as crime.(Reuters/NAN)
Adeola Web Developer

No comments:

Post a Comment