South African currency. According to the researchers there are 34 socially perceived necessities (SPN) defined as needs to achieve a dignified life for all. The cost of these 34 SPNs is R7 911 per person. File picture: Henk Kruger/African News Agency (ANA)
South Africans need a monthly income of R7 911 to have a decent standard of living.
This is according to research partners from the Studies in Poverty and Inequality Institute (SPII), Labour Research Service (LRS) and Southern African Social Policy Research Insights (SASPRI).
A new launch at the 6th Annual Decent Standard of Living Colloquium showed that there are 34 socially perceived necessities (SPN) defined as needs to achieve a dignified life for all. The cost of these 34 SPNs is R7 911 per person.
If you have all this, you have a decent standard of living:
“South Africa is a deeply unequal society, with half of its population living below the poverty line. Yet, despite these inequalities and high levels of poverty, most South Africans are clear on what the bare minimum is to achieve a decent life,” said Dr Nqobile Zulu, research manager at the SPII.
“We are also the most unemployed nation in the world, with many of the working-age population, particularly women and youth, experiencing some form of long-term unemployment. This means that we need more radical economic intervention from our government if we are ever to achieve our constitutional ambition of the right to dignity,” added Zulu.
“We hope that the results of the study will be used to inform policy formulation in the fight against poverty and that stakeholders from all spheres will focus efforts on bridging the gap between the haves and have-nots. South Africa needs focused investment, particularly in communities that are left on the periphery to enable greater cohesion and equality.”
In 2018, the decent standard of living amount was R7 043 per person per month, according to the SPII. In 2020, this amount increased to R7 541 per person per month.
IOL