The FinScope South Africa 2016 consumer survey shows that black South African workers are the least paid demographic in the country.
The survey found that black workers earn on average R4 723 a month, coloureds R6 294, Indians R12 265 and whites R17 123.
Further demographic analysis showed black communities still bear the greatest brunt of the education costs. For the average black South African, education expenses constitute 7% of their purse – other races averaged 4.3%.
FEarly results of the FinScope 2016 survey show South Africans spend R688 per month on average on education.
And nearly 12 million black South Africans spend more than 10% of their purse on education-related expenses.
Parallel to the #FeesMustFall campaign, which is resurfacing in light of the announcement of an up to 8% fee increase made by the Higher Education Minister Blade Nzimande, is the #DataMustFall campaign, which is gaining traction.
According to the survey, South Africans spend about 9% of their purse on airtime and data recharge, cellphone contracts, telephone lines and internet payments.
The average person spends about R700 a month for communication-related expenses.