GAUTENG SURVEY
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. Obvious inequality 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...
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