In the first quarter of 2024, the total earnings for employees in South Africa’s formal non-agricultural sector dropped by 3.5%, mainly due to losses in various industries like trade, community services, and manufacturing. Basic salaries saw a slight decrease, while bonuses and overtime payments also declined. The average monthly earnings…
Week 31 :Life Expectancy increased to 69 years from birth.
Gauteng is the most populated province in South Africa, with about 15.93 million people, making up 25.3% of the country’s population. This large population helps drive the economy, attracting businesses and investments. KwaZulu-Natal follows with 12.31 million people, while the Northern Cape has the smallest population at 1.37 million. About…
Week 30 :Key Statistics for the South African Insurance Market
According to the General Household Survey, 2023, released by Statistics South Africa: Average Household Size: The typical South African household consists of approximately 3.2 members. Single-Person Households: Over a quarter (26.5%) of households are single-person homes. Small Households Dominance: More than three-quarters (87%) of households have four to five members…
Week 29 :Summary of Civil Cases for Debt in South Africa (April 2024)
1. Civil Summonses: From February to April 2024, the number of civil summonses issued for debt decreased by 7.0% compared to the same period in 2023. This indicates fewer people were taken to court over debts during this period. 2. Civil Judgments: Despite the decrease in summonses, the number of…