Bonding

  • Fact: #

The emerging African middle class is catching up to the white middle class in terms of home ownership. In 2011 there were 363 000 African homeowners paying bonds on their properties compared to 386 000 white homeowners. (SAIRR, StatsSA, bit.ly/YDy5FD, bit.ly/15PFFAm)

This week’s theme: In the news

7 responses to “Bonding

  1. Dean

    11 years Ago

    This is drawing an inference that is not true. It seems from the fact presented that there are similar numbers of households owning houses. What has been ommitted are both groups who have already paid off their bonds and therefore are also owner, but not represented here !!

  2. Keith

    11 years Ago

    The thing that makes this fascinating for me is how small that number is. Given the amount of noise and hype around “home loans” you get the impression that this is an enormous market , but in terms of numbers of economically active families it seems very small indeed.

  3. Marion

    11 years Ago

    Does this include people who own houses but don’t have a bond? i.e. older people who have paid off their house.
    In round %’s I read this as only 10% of of whites and 1% of blacks own their own home. Can these small numbers be true????

  4. Farah

    11 years Ago

    We’re all African, whom, exactly do you mean when you say African?

    1. Eighty20

      11 years Ago

      Farah – the article referred to in the fact-a-day explains that “The survey term “African” refers to black South Africans.”

  5. Farah

    11 years Ago

    Then the term ought to be revisited… Africans are all born on the continent.

  6. Shaun

    11 years Ago

    It is sad that this can only be said about middle class.

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