Once rapid growth of black middle class slowing due to Govt policies – SAIRR

The South African Institute of Race Relations (SAIRR) has released a report on the size, growth and likely future expansion of South Africa's middle class.

According to the SAIRR report, the black middle class has expanded quickly, but may now slow.

The Money Show’s Bruce Whitfield interviewed Gabriela Mackay, Research Analyst at The South African Institute of Race Relations.

Scroll down to listen to the interview.

We defined “middleclass” as people who spend, as a household, more than R10 000 per month as well as a number of other indicators.

Gabriela Mackay, Research Analyst at The South African Institute of Race Relations

About 10% of South Africans are solidly middleclass.

Gabriela Mackay, Research Analyst at The South African Institute of Race Relations

Spending by the black middleclass have increase by more than 40% since 1996.

Gabriela Mackay, Research Analyst at The South African Institute of Race Relations

The first generation black middleclass is vulnerable to a slowdown in economic growth.

Gabriela Mackay, Research Analyst at The South African Institute of Race Relations

We need to grow the economy by at least five percent per year to avoid a stagnation in the growth in the black middleclass.

Gabriela Mackay, Research Analyst at The South African Institute of Race Relations

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
'We gave away 800 refurbished suits for people going to an interview'

'We gave away 800 refurbished suits for people going to an interview'

The Money Show’s Bruce Whitfield interviews four reps from businesses that are sacrificing some profit for the good of society.

How do you have sex in space? John Maytham on his new book ‘Rapid Fire’…

How do you have sex in space? John Maytham on his new book ‘Rapid Fire’…

Bruce Whitfield interviews famed CapeTalk presenter John Maytham about his new book "Rapid Fire: Remarkable Miscellany".

3 JSE shares you should consider buying right now (by JM Busha Investment Group)

3 JSE shares you should consider buying right now (by JM Busha Investment Group)

The Money Show’s Bruce Whitfield interviews JM Busha Investment Group Managing Director Joseph Busha.

EOH fell by 55% (while we were watching Steinhoff). Here’s why…

EOH fell by 55% (while we were watching Steinhoff). Here’s why…

What’s behind the stunning fall of the EOH share price? Bruce Whitfield interviews Traders Corner share trader Garth Mckenzie.

Many black South Africans pay a "Black Tax" (and some Whites pay a "White Tax")

Many black South Africans pay a "Black Tax" (and some Whites pay a "White Tax")

It’s more relevant to refer to the “Sandwich Generation” than “Black Tax”, says Gerald Mwandiambira of the SA Savings Institute.

The scary, sensational and surprising future of South Africa

The scary, sensational and surprising future of South Africa

Frans Cronje of the SA Institute of Race Relations discusses what South Africa might look like in 2024. Imagine the unimaginable…

Popular articles
South Africans Doing Great Things |  Nkosinathi Nkomo

South Africans Doing Great Things | Nkosinathi Nkomo

Wasanga speaks to Co-founder of AquaRenu, Nkosinathi Nkomo about turning a problem into an opportunity.

Dr Mbuyiseni Ndlozi opens up about his thesis

Dr Mbuyiseni Ndlozi opens up about his thesis

Ndlozi explains the significance of the the first chapter of his thesis: 'Trauma in the archives'.

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

The Money Show’s Bruce Whitfield interviews Steinhoff International Chairperson Christo Wiese.

Is it normal to have a curved penis? Dr Shingai explains

Is it normal to have a curved penis? Dr Shingai explains

Urologist Dr Shingai Mutambirwa says penile curvature is only a concern if it impedes a man's ability to have penetrative sex.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)

Meet Shoprite’s Christo Wiese, ruler of retail (and 3rd richest African)

Bruce Whitfield interviews the remarkable Wiese (net worth R100 billion!) about how it all began and where it’s going.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?