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Henning Melber, The African middle class(es) – in the middle of what?, Review of African Political Economy, Vol. 44, No. 151 (March 2017), pp. 142-154 ... Political Identity Repertoires of South ...
Additionally, Discovery Bank added in its SpendTrend 2024 report that middle-income South Africans earn between R100,000 and R350,000 a year, which is around R8,000 to R29,000 per month.
After years of headlines about Africa's poverty, its emerging middle class is now grabbing attention as a driver of growth and democracy and an expanding pool of consumers for market-hungry retailers.
A growing middle class in sub-Saharan Africa is enticing European and South African insurers to buy local firms focusing mainly on life insurance and pensions, in the face of mature markets and ...
Africa’s long-term travel prospects hinge on its domestic demand, a trend accelerated by the pandemic and an opportunity for the continent’s tourism-rich countries.