Bottom half of Gauteng's richest 1% earn 32 times more
The bottom half of Gauteng’s richest residents earn at least 32 times more than households that fall into the median income bracket, a Gauteng City Region Observatory survey shows.
Residents who are at the lower end of the elite 1% make upwards of R76,800 a month, while those who fall into the median income bracket earn R2,400 a month, figures contained in the region observatory’s 2015-16 quality of life survey show. The survey is done every two years.
The 1% is described as a group of elite earners whose income outstrips that of most of the population.
The 1% earns about 31% of the income in the province, while 69% goes to the rest of Gauteng’s residents, the survey results show.
The data showed obvious inequality, which was further highlighted in responses to questions in the survey about property ownership and value, said Kate Joseph, a researcher at the Gauteng City Region Observatory. Fewer than half of people in the province owned a house.
Residents who fell into the 1% category were also more likely to have obtained higher education qualifications, than their poorer peers in the province.
A downside of being part of the 1% group of elite earners was a high debt burden.
A total 80% of households in the 1% group had a personal computer, laptop or tablet.
The survey showed that residents in the 1% group were less affected by crime, presumably because they could afford better security, Joseph said.
Although separated by income, both the rich and poor felt strongly about e-tolls.
"Even though the income difference between the two groups is large, the response from both regarding never paying e-tolls is similar," she said.
In the 1% category, 37% were satisfied with their standard of living, while 17% of the 99% said they were satisfied.