VAST income disparities between the different race groups continue to exist, indicating that little has changed since 1996, a Standard Bank study of living standards showed on Monday.
The study by bank economist Siphamandla Mkhwanazi established that the white population had the highest income per capita at R215,000 per annum, more than seven times greater than that of the black population at R29,000 per annum.
Indians were found to have enjoyed the fastest rise (468%) in their per capital income between 1996 and 2014.
"In relative terms, for every R1 earned by white individuals, blacks earn 13c, and this has not changed since 1996. Notably, the Indian/Asian population seems to be closing the gap to whites quicker than both blacks and coloureds.
For every R1 earned by whites, Indians earn 51c, up from 43c in 1996 and 50c in 2011," the study concluded.
"Compared to 2011, blacks and coloureds earned 1c less in 2014 for every R1 earned by their white counterparts."