South Africa’s black middle class has doubled in last decade
Recently released studies by the University of Cape Town’s Unilever Institute of Strategic Marketing found that South Africa’s black middle class population had grown to 4.2-million.
This increase from the 1.7-million in 2004 goes hand in hand with increased spending power. The black middle class spends R400-billion annually, far more than the R323-billion spent by the historically wealthier white middle class.
Learn more at http://www.thesouthafrican.com/news/south-africas-black-middle-class-has-doubled-in-last-decade.htm