The Black Middle Class Is Shrinking — What That Means for SA’s Future Economy
The Black Middle Class Is Shrinking — What That Means for SA’s Future Economy South Africa’s black middle class — households earning between approximately R200,000 and R350,000 annually — is under increasing strain. While this group symbolised post-apartheid upward mobility, new government data shows that inflation, stagnant wages, and rising debt are threatening its survival….