Whites earn more than four times the South African average income, according to a recent survey.
According to the South Africa Survey, published by the SA Institute of Race Relations (SIRR), the average per capita income in South Africa in 2008 was R32 559, while per capita income for whites was R135 707. At the same time blacks had the lowest income of R19 496.
Indians had the second-highest income per head, with an average R56 173. Coloureds' average per capita income in 2008 was R27 569.
All race groups showed significant increases in their incomes since the mid-1990s. Between 1998 and 2008, per capita earnings for blacks (at current prices) increased by 180%. For Coloureds the increase in earnings over the decade was 148%, while Indian incomes also jumped 148%. Whites netted a 162% increase.
The total increase between 1998 and 2008 was 154%.
As could be expected, average per capita incomes were highest in the country's two richest provinces, Gauteng and the Western Cape. In these two provinces average per capita incomes were R52 343 and R48 228 respectively.
Income was lowest in Limpopo, with an average of R21 967. With the exceptions of Gauteng and the Western Cape, no provinces had incomes higher than R30 000 per capita per year.
The Free State, Northern Cape and KwaZulu-Natal were the only other provinces to have average per capita incomes higher than R25 000. Average per capita income in the Free State was R28 405. In the Northern Cape it was R27 118, and for KwaZulu-Natal the average was R25 420.
"It is clear that the income gap between South Africans is closing," said an SIRR researcher in a statement. "However, it is questionable whether this gap is closing fast enough.
"The closing of the income gap between whites and blacks in particular is imperative. Such large disparities in wealth between population groups do not bode well for the future stability of South Africa."
http://www.fin24.com/articles/default/display_article.aspx?ArticleId=1518-25_2562525
According to the South Africa Survey, published by the SA Institute of Race Relations (SIRR), the average per capita income in South Africa in 2008 was R32 559, while per capita income for whites was R135 707. At the same time blacks had the lowest income of R19 496.
Indians had the second-highest income per head, with an average R56 173. Coloureds' average per capita income in 2008 was R27 569.
All race groups showed significant increases in their incomes since the mid-1990s. Between 1998 and 2008, per capita earnings for blacks (at current prices) increased by 180%. For Coloureds the increase in earnings over the decade was 148%, while Indian incomes also jumped 148%. Whites netted a 162% increase.
The total increase between 1998 and 2008 was 154%.
As could be expected, average per capita incomes were highest in the country's two richest provinces, Gauteng and the Western Cape. In these two provinces average per capita incomes were R52 343 and R48 228 respectively.
Income was lowest in Limpopo, with an average of R21 967. With the exceptions of Gauteng and the Western Cape, no provinces had incomes higher than R30 000 per capita per year.
The Free State, Northern Cape and KwaZulu-Natal were the only other provinces to have average per capita incomes higher than R25 000. Average per capita income in the Free State was R28 405. In the Northern Cape it was R27 118, and for KwaZulu-Natal the average was R25 420.
"It is clear that the income gap between South Africans is closing," said an SIRR researcher in a statement. "However, it is questionable whether this gap is closing fast enough.
"The closing of the income gap between whites and blacks in particular is imperative. Such large disparities in wealth between population groups do not bode well for the future stability of South Africa."
http://www.fin24.com/articles/default/display_article.aspx?ArticleId=1518-25_2562525