Light showers. Mostly cloudy. Cool.
South Africa is 'dipping into its investment' and 'overspending on its budget' in relation to the earth's resources, says an academic.
So-called 'black tax' does the real work of income redistribution in SA. It creates the skills transfer, social cohesion and resiliency building that the state has failed to do for survivors of apartheid, writes Masana Ndinga-Kanga
A decrease in poverty and growing middle class are widely seen as desirable features of an economy. In South Africa, the growth of the black middle class in particular is used as a yardstick of sorts of the government’s economic policy since 1994.
A new estimate of sub-Saharan Africa’s urban “middle class” this week put the number at 100 million people commanding spending power of at least $400 million (R5.3 billion) a day.
Income growth in Africa may not be as fast as some have expected, but the trend is very much alive, says Standard Chartered Bank chief economist for Africa.
While more South Africans are getting richer, many middle class workers' suburban aspirations are coming to an end, according to experts.
A forecast released by Boeing shows that rising prosperity and a growing middle class in African countries mean rapid growth for the continent's aviation industry.
SA's middle class is carrying a disproportionate tax burden and facing a slew of rapidly rising costs to boot, says Ferial Haffajee.
Even in the world's richest countries, the middle class life is "increasingly only a dream for many", says the OECD
Scholars have started to investigate what it really means to be middle class in Africa.
South Africa's middle class is stressed and 73% claim it is because of their financial situation, according to the latest Sanlam Benchmark Survey.
If education is to be rescued in South Africa it is essential that teaching be returned to its professional roots, says a Fin24 user.
Standard Chartered Bank of Kenya expects east Africa's burgeoning middle class to
drive growth in 2014.
Africa's middle class is growing faster than population growth and now accounts for some 300 million out of the continent's one billion population, says the African Development Bank.
Western CapeCelsa Properties
Western CapeMass Staffing ProjectsR40 000.00 - R55 000.00 Per Month
Western CapeWest Coast PersonnelR20 000.00 - R25 000.00 Per Month
R 6 999 000
R 3 700 000
R 4 950 000
We subscribe to the Press Code.
You choose what you want
News24 on Android
Get the latest from News24 on your Android device.
Terms and Conditions
24.com Terms and Conditions - Updated April 2012
Creating your profile will enable you to submit photos and stories to get published on News24.
This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.