As of 2024, an individual living in South Africa with less than 1,109 South African rand (roughly 62.14 U.S. dollars) per month was considered poor. Furthermore, individuals having 796 South African rand (approximately 44.60 U.S. dollars) a month available for food were living below the poverty line according to South African national standards.
Absolute poverty
National poverty lines are affected by changes in the patterns of household consumers and fluctuations in prices of services and goods. They are calculated based on the consumer price indices (CPI) of both food and non-food items separately. The national poverty line is not the only applicable threshold. For instance,13.2 million people in South Africa were living under 2.15 U.S. dollars, which is the international absolute poverty threshold defined by the World Bank.
Most unequal in the globe
A prominent aspect of South Africa’s poverty is related to extreme income inequality. The country has the highest income Gini index globally at 63 percent as of 2023. One of the crucial obstacles to combating poverty and inequality in the country is linked to job availability. In fact, youth unemployment was as high as 49.14 percent in 2023.
National poverty line in South Africa as of 2024
(in South African rand)
Currency conversion on 10/23/2024: one U.S. dollar = 17.84 South African rand
Concerning inflation adjusted national poverty line per person per month
The source mentioned the following notes: ''The national poverty lines were constructed using the cost-of-basic-needs approach which links welfare to the consumption of goods and services. The lines contain both food and non-food components of household consumption expenditure''
Food poverty line– R760 (in May 2023 prices) per person per month. This refers to the amount of money that an individual will need to afford the minimum required daily energy intake. This is also commonly referred to as the “extreme” poverty line;
Lower-bound poverty line– R1 058 (in May 2023 prices) per person per month. This refers to the food poverty line plus the average amount derived from non-food items of households whose total expenditure is equal to the food poverty line; and
Upper-bound poverty line – R1 558 (in May 2023 prices) per person per month. This refers to the food poverty line plus the average amount derived from non-food items of households whose food expenditure is equal to the food poverty line.
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Statistics South Africa. (August 29, 2024). National poverty line in South Africa as of 2024 (in South African rand) [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1127838/national-poverty-line-in-south-africa/
Statistics South Africa. "National poverty line in South Africa as of 2024 (in South African rand)." Chart. August 29, 2024. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1127838/national-poverty-line-in-south-africa/
Statistics South Africa. (2024). National poverty line in South Africa as of 2024 (in South African rand). Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1127838/national-poverty-line-in-south-africa/
Statistics South Africa. "National Poverty Line in South Africa as of 2024 (in South African Rand)." Statista, Statista Inc., 29 Aug 2024, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1127838/national-poverty-line-in-south-africa/
Statistics South Africa, National poverty line in South Africa as of 2024 (in South African rand) Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1127838/national-poverty-line-in-south-africa/ (last visited November 10, 2024)
National poverty line in South Africa as of 2024 (in South African rand) [Graph], Statistics South Africa, August 29, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1127838/national-poverty-line-in-south-africa/