admin
JOHANNESBURG. — Black South Africans earned on average only about one-fifth as much as their white counterparts in 2015, according to data published by Statistics South Africa yesterday.
Annual household income for blacks stood at an average of 92 893 rand compared with 444 446 rand for whites, according to Statistics South Africa’s Living Conditions Survey, conducted once every five years.
The national average income was 138 168 rand. Total household income in South Africa was 2,3 trillion rand.
Black Africans account for more than 80 percent of the 55 million population and whites a little over eight percent.
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 industrialised 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 three percent.
This has pushed the country to the brink of credit downgrades that would cause borrowing costs to spiral. Unemployment is at 27 percent, 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.
Online Reporter