#PODCAST BMR reveals that 23% of SA's adult population rely mainly on grants as their primary income source #sabcnews

By Newsbreak Producer Taliesha Naidoo - Inequality continues to manifest itself in the personal income of South Africans. That's according to a recent report by the Bureau of Market Research on personal income estimates for South Africans between the period 2018 to 2022. The report revealed that 73.7 percent of the country's adult population earns below R73,351 per annum or less than approximately R6,110 per month. Meanwhile, on the other side of the income scale, only 3.3 percent of the adult population earns more than R625,992 per annum, which is approximately R52,170 per month. Jacolize Meiring, senior researcher at the BMR says the report further reveals that 23 percent of the adult population relies mainly on grants as cash flow income source...