Facts about Poverty in South Africa
By Paul
A recent article from UN highlights;
“According to the Basic Income Grant (BIG) lobby group, around half of South Africa's 47 million people are poor. But the government's welfare scheme - child grants, pensions, foster children support and disability payments - reach only 11 million people
Child support grants pay R190 (US$27) per child per month, roughly R6 (85 cents) a day - about the cost of a loaf-and-a-half of bread. Around seven million children receive the means-tested payments, and that money often supports an entire family
An unemployment rate estimated at around 40 percent…
It believes a total of 12 million children up to the age of 18 live in poverty.”
Related;
Interview with the author of recent survey on South Africa at The Economist
Value of foreign direct investment soars ; THE value of mergers and acquisitions in SA soared 63% last year, helping the country eclipse India for the first time in terms of foreign direct investment, according to Ernst & Young