Insurance and Security Solutions for South African Public Transport Users. According to the National Household Travel Survey (NHTS), the reliance on taxis as the main mode of transport for South African households was 42% in 2013 and increased by 2020, reflecting a growing dependence on public transport. This is about…
Week 34 :South Africa’s Debt Situation: A Call for Financial Protection
Recent data from Statistics South Africa shows a significant decrease in debt-related civil summonses and judgements in the second quarter of 2024. The number of civil summonses issued dropped by 10.9%, with promissory notes, money lent, rent, and goods sold being the main contributors to this decline. Civil judgements for…
Week 33: South African Women Still Face Major Challenges in the Job Market
Women in South Africa continue to face significant challenges in the job market despite some progress over the past decade. Although more women have joined the workforce, they are still more likely to be unemployed or underemployed compared to men. Many women are also constrained by household duties, limiting their…
Week 32: Total gross earnings paid to employees
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…