A report titled "Household Income and Expenditure Patterns and Trends, 2007 – 2008" highlighted that, growing from a low base, the number of black households in the highest income group grew dramatically during the past decade.
"The African population has shown marked gains with respect to the R50-100k, R100-300k and R300-500k income groups.
"The highlight of this period (2007-2008) pertaining to the African population income, was a high growth rate of households in the third lowest income group (R100-300k). Evidently, one in six (16.8%) African households migrated into this income category between 2007 and 2008," BMR said.
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