Private healthcare in South Africa is well-known for offering high-quality care, but the costs can be prohibitive, especially in cases of traumatic events like road accidents. However, without sufficient health insurance, the financial strain of private healthcare can become overwhelming. A large number of people that die from vehicle accidents…
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 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…