Policy uncertainty, weak economic growth, high unemployment, rising prices and lower investment are threatening to undermine progress SA has made in its fight against poverty. Remarkable strides to fight poverty have been made since the country obtained majority rule in 1994, but the drought, low economic growth and rising unemployment over the past few years has reversed those gains, resulting in a poverty ratio of one in every two South Africans in 2015. This comes after one of the biggest democratic triumphs, which led to poverty falling dramatically from 66.6% (31.6-million people) in 2006 to 53.2% (27.3-million people) in 2011. But according to the latest Poverty Trends in SA, released by Statistics SA on Tuesday, the figure jumped to 55.5% (30.4-million people) in 2015. The figures in the report also suggest SA is unlikely to meet its National Development Plan (NDP) goal to eliminate poverty by 2030. At least one in two South Africans was poor in 2015. Speaking about the NDP g...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.