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Black Diamonds aren’t really making it
Simpiwe Piliso Published:Oct 07, 2007
Most of black middle class unable to afford the lifestyle
A mere 300000 of South Africa’s 2.6 million Black Diamonds can afford the trappings of middle-class life.
The average suburban home, family holidays and regular rounds of golf are out of reach of most A survey for the SA Institute of Race Relations (SAIRR) has found that the definition of “ middle class” is too broad.
It also warns that the growth in the true middle-class segment, those who earn above R12000 — largely due to the government’s affirmative-action and economic-empowerment policies — cannot be sustained.
Its report says: “The tacit assumption of government policies is that individuals are not able to create their own wealth and opportunities, but need the state to do it for them. Their fortunes are bound up in the success of the government of the day.”
The number of people in this income bracket grew from 185000 in 2004 to 322000 last year.
http://sundaytimes.co.za/PrintEdition/News/Article.aspx?id=580817