Business Day (Johannesburg)
4 July 2008
INCOME disparities in SA have widened in the past two years, boosted by more rapid growth in high-income brackets, especially among blacks, says the Bureau of Market Research (BMR) at the University of SA (Unisa).
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This tells me that BEE is only working for the "elete".
Can somebody tell me in figures what the "breadline" is.
If Prof. van Aardt of Unisa's figures are correct, namely that approx. 70% of South Africa's population earn R12 200 per annum - that means that each month, after paying basics of rent and transport costs to get to work, 70% of the population are living far below the breadline. Is there any wonder there is crime and xenophobia and suffering? These figures are shocking.