{"id":133022,"date":"2016-08-11T19:15:30","date_gmt":"2016-08-11T17:15:30","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=133022"},"modified":"2016-08-12T07:12:13","modified_gmt":"2016-08-12T05:12:13","slug":"average-yearly-wealth-tshwane-vs-joburg-vs-cape-town","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/finance\/133022\/average-yearly-wealth-tshwane-vs-joburg-vs-cape-town\/","title":{"rendered":"Average yearly wealth: Tshwane vs Joburg vs Cape Town"},"content":{"rendered":"

New data shows that South Africans increased their wealth between 2011 to 2015 as GDP per capita rose by 3% in real terms – from R55,000 to R56,300 annually.<\/p>\n

Similarly, real disposable income increased by 2% over the same period, from R32,600 to R33,660 annually, according to research conducted by Standard Bank.<\/p>\n

The financial services company used national GDP per capita over the past 15 years and divide it into 3 time periods: 2000-2005; 2006-2010 and 2011-2015.<\/p>\n

“We show that living standards for South Africans improved the most during the period 2000-2005, with GDP growth of 10%. The period 2011-2015 recorded the lowest per capita growth at just 2%,” Standard Bank said.<\/p>\n

Similarly, analysis of disposable income per capita shows that average income for South Africans grew the slowest in the period 2011-2015, at 3%, versus 12% in 2000-2006 and 5% in 2006-2010.<\/p>\n

Unsurprisingly, people living in Gauteng have the highest GDP per capita (R80,800 p\/a), followed by Western Cape with R68,200 p\/a.<\/p>\n

According to Standard Bank, people in Northern Cape and Free State experienced the fastest growth in GDP per capita in the period 2011-2014.<\/p>\n

GDP per capita, per province in 2014:<\/strong><\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n\n\n
#<\/th>\nProvince<\/th>\nAmount<\/th>\n<\/tr>\n
1<\/td>\nGauteng<\/td>\nR80 789<\/td>\n<\/tr>\n
2<\/td>\nWestern Cape<\/td>\nR68 221<\/td>\n<\/tr>\n
3<\/td>\nFree State<\/td>\nR57 337<\/td>\n<\/tr>\n
4<\/td>\nNorthern Cape<\/td>\nR56 559<\/td>\n<\/tr>\n
5<\/td>\nMpumalanga<\/td>\nR52 573<\/td>\n<\/tr>\n
6<\/td>\nNorth West<\/td>\nR48 977<\/td>\n<\/tr>\n
7<\/td>\nKwa Zulu Natal<\/td>\nR44 999<\/td>\n<\/tr>\n
8<\/td>\nLimpopo Province<\/td>\nR38 390<\/td>\n<\/tr>\n
9<\/td>\nEastern Cape<\/td>\nR33 602<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

In real terms, however, the purchasing power of individuals living in Gauteng declined by 6% between 2011 and 2014, whereas the Limpopo residents experienced the fastest growth (15%) in the same period, Standard Bank pointed out.<\/p>\n

The Gauteng population meanwhile, has the highest personal income per capita (R70,000 p\/a), followed by Western Cape with R67,000 p\/a.<\/p>\n

These are up from R62,500 p\/a in Gauteng and R55,000 in the Western Cape in 2011.<\/p>\n

Limpopo has the lowest personal income per capita, at R29,500 p\/a, the bank said.<\/p>\n

Annual personal income per capita by province in 2014:<\/strong><\/p>\n

\n
\n\n\n\n\n\n\n\n\n\n\n\n
#<\/th>\nProvince<\/th>\nAverage\u00a0 salary<\/th>\n<\/tr>\n
1<\/td>\nGauteng<\/td>\nR70 220<\/td>\n<\/tr>\n
2<\/td>\nWestern Cape<\/td>\nR67 390<\/td>\n<\/tr>\n
3<\/td>\nNorthern Cape<\/td>\nR45 084<\/td>\n<\/tr>\n
4<\/td>\nNorth West<\/td>\nR40 707<\/td>\n<\/tr>\n
5<\/td>\nFree State<\/td>\nR40 253<\/td>\n<\/tr>\n
6<\/td>\nMpumalanga<\/td>\nR39 635<\/td>\n<\/tr>\n
7<\/td>\nKwa Zulu Natal<\/td>\nR38 080<\/td>\n<\/tr>\n
8<\/td>\nEastern Cape<\/td>\nR32 484<\/td>\n<\/tr>\n
9<\/td>\nLimpopo<\/td>\nR29 432<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n<\/div>\n

GDP and personal income per capita in metros and other regions<\/strong><\/p>\n

Johannesburg metro contributes the biggest share in national GDP, at 15%. This is followed by Cape Town with 10%.<\/p>\n

Combined, the 8 metropolitan municipalities contribute approx. 57% to total GDP in SA, Standard Bank said. Mining\/industrial towns have higher GDP per capita due to lower population densities in those regions.<\/p>\n

However, real GDP per capita in these regions declined from R106,0000 p\/a in 2012 to R104,800 p\/a in 2014.<\/p>\n

Tshwane Johannesburg and Cape Town\u00a0<\/strong><\/p>\n

Tshwane has the highest nominal personal income per capita (R79,100 p\/a) followed by Johannesburg (R76,550) and Cape Town (R73,980 p\/a).<\/p>\n

However, between 2012 and 2014, the real per capita income in Tshwane and Johannesburg declined by 7% and 7.3% respectively, in contrast to Cape Town where real personal income per capita rose by 3.3%.<\/p>\n

Of the metros, Mangaung has the lowest personal income per capita, at R47,800, the research pointed out.<\/p>\n

On average, personal income per capita is higher in the metros (R58,000 p\/a in 2014) than in mining\/industrial towns (R50,960 p\/a in 2014), despite higher population densities in the metropolitan areas.<\/p>\n

Between 2012 and 2014, however, average income per capita for both metros and mining\/industrial towns recorded near zero growth rates, Standard Bank said.<\/p>\n

More on wealth in SA<\/h3>\n

How much people in South Africa are getting paid<\/strong><\/a><\/p>\n

How much money the average person in South Africa gets paid<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

New data shows that South Africans increased their wealth between 2011 to 2015 as GDP per capita rose by 3% in real terms – from R55,000 to R56,300 annually.<\/p>\n","protected":false},"author":10,"featured_media":128287,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121],"tags":[26,499],"class_list":["post-133022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-headline","tag-standard-bank"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/133022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=133022"}],"version-history":[{"count":8,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/133022\/revisions"}],"predecessor-version":[{"id":133066,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/133022\/revisions\/133066"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/128287"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=133022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=133022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=133022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}