FinScope South Africa 2014 presentation

The survey results show an increase in access to infrastructure in 2014 with more adults having access to electricity (82% in 2004 to 94% in 2014), tap water on property (increased from 67% in 2004 to 81% in 2014) and flush toilets (increased from 55% in 2004 to 64% in 2014).  An improvement in the standard of living is indicated by the decrease in LSM 1-5 by 4.4 million since 2004 while LSM 6-10 increased by 12.2 million people since 2004. Working and unemployment status of individuals has not changed much over the past ten years with 9 million people (22%) unemployed in 2004, and 9.5 million (23%) still unemployed in 2014. The usage of cellphones has increased to 33 million up from 12 million in 2004.

Although there is an increase in the salaried adult population in 2014 (7.2 million in 2004 to 12.4 million in 2014), there is also an increase in dependence on government grants (19% in 2004 to 30% in 2014). 78% of the adult population earned an average personal monthly income of less than R2 000 per month in 2014. However the number of adults with no personal income decreased from 4.1 million in 2013 to 2.7 million in 2014.