Macro Review

Key takeaways:

• The underclass forms the majority of South Africa’s population.
• Eight million people aged 15 to 34 are not in employment, education or training.
• Even with a relatively low monthly value, social grants are not sustainable in the long term.
• Out of some 17 million households, 2.2 million live in informal dwellings, 2.6 million have no electricity and 1.8 million have no access to piped water.
• Because of deteriorating living conditions, mass action remains a threat in South Africa.