Entrepreneurship Q&A

Do you have questions on the financing needs of your business? Fin24.com has a panel of experts on standby to answer queries.

PODCAST: Lessons from Abroad

Think it's easier to start a business in the US as opposed to SA? Listen to Fin24.com's entrepreneurship experts.
Where am I? Fin24.com

Gauteng whites biggest earners

Aug 11 2008 21:29 Print this article  |  Email article

Related Articles

Only 21% of whites optimistic

'Black diamonds to top whites'

 
Johannesburg - The average annual income of white households in Gauteng in 2006 far exceeded that of other race groups, Unisa's Bureau of Market Research said on Monday.

White households had an average annual income of R253 370. This was far higher than that of African (R90 280) and coloured households (R130 101) and just somewhat higher than the R240 114 income of Asians, the bureau said.

The average annual income of households in Gauteng amounted to R131 563 in 2006, with salaries and wages being their main source of income.

Salaries and wages made up an equal share of the total income of Asian and coloured households (68% each), while the biggest share of the total income was in African households (72%). It made up 66% of the total income of white households.

Notable differences in the percentage share of income from own businesses in total income between the different population groups were found - whites 28.8%, Asians 16%, Africans 12.6% and coloureds 11.3%.

Further comparison of the sources of income for the four population groups showed that income from pension funds was relatively more important to whites (1.7% of their total income) than to Asians (0.2%), coloureds (1.5%) and Africans (1.1%).

Income shares from social pensions and grants were: coloureds 5.4%, Africans 2.3%, Asians 1.3% and whites 0.5%.

- Sapa

  • page

 

Comment on this story

(No bad language or hate speech, please)
Comments for this article have been closed

Indicators

Last updated: Fri 00:00

View data hub

Company Snapshot

Make money from art
Sep 02 2010 12:48

Art's nicer to look at than stock and bond certificates, but can it make you money? Fin24.com spoke to the experts about this alternative investment class. Time: 3:00

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...