"Black Diamonds aren’t really making it" - ST

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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
 
Mod_Note - please don't quote articles in their entirety.
 
Not much different to whites then.
How many middle class whites can afford their lifestyles.

An article without substance.
 
not really, the problem is that alot of the 'black' middle class, with the instant wealth, jump onto the credit bandwagon buying the latest GTI, bmw 1 series and erm chrysler :)
 
not really, the problem is that alot of the 'black' middle class, with the instant wealth, jump onto the credit bandwagon buying the latest GTI, bmw 1 series and erm chrysler :)

And whites don't?
The definition of middle class is "can get credit, and do - despite affordability".
 
I dont really get this article, it says blacks are not making it and yet the same can be said of every race that earns around 12k.
 
Agree, everyone faces the same challenges in our economy irespective of race.

This to me is most disturbing and a massive mountain to climb.
Although a select few hundred had benefited from these transactions, the SAIRR survey found that 20.5 million people in South Africa still live on less than R3000 a year.

How can this be improved upon?
 
More education and more jobs.

There are tons of jobs out there, just not enough skills to go around. And this "premium salary" nonsense is just not sustainable.

So far more emphasis should be placed on QUALITY education.
 
There are tons of jobs out there, just not enough skills to go around. And this "premium salary" nonsense is just not sustainable.

So far more emphasis should be placed on QUALITY education.

There is still a gap in jobs between the unskilled and professional job spheres. The artisan type jobs need to be increased and filled with experienced staff (this being the realm of the true working/middle class).

When referring to education, quality shouldn't even need to be mentioned; it should be a given!!!
 
I dont really get this article, it says blacks are not making it and yet the same can be said of every race that earns around 12k.

I think the arcticle is implying that a larger percentage of the black diamond and in trouble then other race groups.
 
I think the arcticle is implying that a larger percentage of the black diamond and in trouble then other race groups.

Not exactly.;)

Quote:

"The survey states that contrary to reports that described the black middle class as being lavish in their expenditure patterns, they were characterised by wise spending and investments in cultural capital, such as education, and fixed capital such as property, that would give them independence and sustainability"

I do agree with this rather uncomfortable truth though.

Qoute:

“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.”

Mhhh!?!?!:sick:
 
I've observed that a lot of people buying from Woolworth Foods tend to use credit. Totally unnecessary!

I've also noticed it, and i totally agree. Matter of fact, i don't see the need for a woolworths store card at all.:confused: There's absolutely nothing worth getting on credit at woolworths.
 
I've observed that a lot of people buying from Woolworth Foods tend to use credit. Totally unnecessary!

I've also noticed it, and i totally agree. Matter of fact, i don't see the need for a woolworths store card at all.:confused: There's absolutely nothing worth getting on credit at woolworths.

I buy from WW on my credit card, but that's because I but everything on my credit card. I'd rather have the shops pay for my bank charges than me. I do, of course, pay it off every month (well almost).
 
I've also noticed it, and i totally agree. Matter of fact, i don't see the need for a woolworths store card at all.:confused: There's absolutely nothing worth getting on credit at woolworths.

Whats scary is that they've sent me both a Truworths & Woolworths credit card through the mail without my asking for either. Talk about an aggressive marketing strategy.

I use my credit card alot, but I always keep a positive balance in it. Helluva lot easier than carrying loads of cash on me.
 
There are tons of jobs out there, just not enough skills to go around. And this "premium salary" nonsense is just not sustainable.

So far more emphasis should be placed on QUALITY education.

I saw recently that the Dept of Education has finally started to look abroad for suitably qualified Maths and Science teachers.
Took them long enough though but a good move for sure.
Our government really needs to shift its focus and fast. Education is key, broadband is a massive driver for education.
Just the other day there were press reports of students in rural KZN complaining that they do not have libraries in their areas so they cannot cross reference or do the work they are tasked to do. They cannot ask their parents because they are illiterate.
Come on ANC lets light a fire under IVY's fat ass.
 
The only reason there aren't maths and science teachers in SA is because DoE won't pay them what they're worth. Are they going to pay the imports better than our home grown teachers? If not, what is the incentive for them to come here?
Porbably they'll be Cubans who can't wait to get out of their pillar-of-democracy-and-freedom country and will settle for any salary.
 
Whats scary is that they've sent me both a Truworths & Woolworths credit card through the mail without my asking for either. Talk about an aggressive marketing strategy.

I use my credit card alot, but I always keep a positive balance in it. Helluva lot easier than carrying loads of cash on me.

That's the best way to it. What i've also noticed is that women luuuurve store cards. My gf's got one each for Woolworths, truworths, foschini, Jet(I think), and a whole lot of others, and she won't let them go.
 
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