About Me

My photo

I am a qualified Attorney. I specialise in Property Law, Commercial Law, Corporate Law and Trusts.
Please visit our website at www.prop-law.co.za for more details.
I am an elected Committee Member of the Property Committee of the Association of Pretoria Attorneys and through my involvement, I like to ensure that I am constantly at the "sharp-end" of Conveyancing Practice.

I am the elected Chairman on the Gauteng Council of SAPOA. The South African Property Owners Association (SAPOA) is the biggest and most influential institution in the property industry. SAPOA members control about 90% of commercial property in SA, with a combined portfolio in excess of R150 Billion (about $22 Billion). I am also on the National Council and the National Legal Committee of SAPOA.
Member of the Institute of Directors South Africa and Member of the Sirdar Governance Panel.

06 January 2014

Living standards statistics show Joburg is tops for earning

Living standards statistics show Joburg is tops for earning

Residents of the eThekwini metro are most likely to have passed Grade 12, but are least likely to have settled their bonds. And while people employed in Joburg will earn more in a year on average than in any other major city, Cape Town has the fewest jobless.

These are among the statistics compiled by the South African Institute of Race Relations, which give insight into standards of living in the country's eight metros.

The metros (and 44 district municipalities) were compared in 55 categories, including education, household assets and access to basic services.

The report states that although over the past decade 4.5 million households have been provided with water, 4 million with sanitation and 2 million with electricity, discontent with local government service delivery is growing.

The statistics show that 32 percent of eThekwini residents have landlords, and just 22 percent of homeowners have paid off their bond in full.

Ninety percent of households are able to switch on the lights, 97 percent have access to tapped water and 76 percent have flushing toilets.

Of all the metros, eThekwini has a relatively well schooled population, boasting the highest proportion of people aged 20 and older with a matric certificate.

However, the eThekwini unemployment rate is 30 percent - the third highest of all the metros - and the average annual household income stands at R112 830 (behind Joburg, Tshwane, Cape Town and Ekurhuleni).

The unemployment rate refers to people aged between 15 and 64 who are without work but looking for jobs.

Among the KwaZulu-Natal district municipalities, the mainly rural Umkhanyakude (Jozini) fares poorest in terms of access to electricity for lighting, with 62 percent of households still without power. Sixty-two percent of its residents are also without access to running water.

Turning to the rest of the country, the metropolitan municipality that has the highest proportion of households with an income below R2 300 a month is Buffalo City (East London).

Buffalo City also has the highest percentage of people aged 20 and older with no schooling at all, the lowest percentage of people aged 20 and older with a matric certificate, and the lowest average annual household income.

The Nelson Mandela Bay metro (Port Elizabeth) has the highest rate of unemployment, at 37 percent.

Cape Town fares best in a number of categories: it has the lowest percentage of the population aged 20 and older with no schooling at all, the lowest unemployment rate, the highest percentage of households with electricity for lighting and, along with Joburg, has the highest percentage of households with access to tapped water and flushing toilets.

Cape Town had the third highest average annual household income, behind Joburg (R183 247) and Tshwane (R182 822).

The Star

No comments:

Post a Comment