This is the share of South Africans who now own property
- The General Household Survey 2018 by Stats SA found that more than 35% of South Africans own a house.
- Women are more likely to own their dwellings.
- The survey found, among other results, that one in five households had a pension.
- For more stories go to the Business Insider South Africa homepage.
The General Household Survey 2018, released on Tuesday by Statistics SA, found that 35.3% of South African households own a dwelling, and 5.4% own land.
Some 18.3% of dwellings owned by households is owned by one person, while 17% is jointly owned.
Regarding land, 2.3% of South African individuals own land, while 3.1% are joint owners.
The report did not explain whether land refers to unoccupied property, farms or other private property.
The survey also found that 5.5% of men owned land compared to 5.4% women of women, but 37.6% of women owned dwellings compared to 32.8% of men.
More than one in five South African households (22%) had a pension, and 29.7% had an investment account.
Some 66.8% of South African households reported having a bank account.
Men were more likely to have a pension (25.6%) than women (18.9%), and more likely to have a bank account (67.9%) than women (65.9%).
By contrast, ownership of informal savings (such as stokvels) was more common amongst women (18.1%) than men (10.3%).
The survey was compiled through face-to-face interviews with 21,908 households across the country’s nine provinces between January and December 2018.
Receive a single WhatsApp every morning with all our latest news: click here.
Also from Business Insider South Africa:
- Last week was horrifying for big SA businesses and their bosses — here’s how the losses are piling up
- Telkom added 4.5 million users by piggybacking on the competition – and selling data for R50 less per gig than Vodacom
- Cape Town residents have four more days to register solar panels with the city – or else
- It’s okay for children to learn that sex is fun, SA’s advertising regulator says – even though it’s not thrilled at the idea
- Lawyers warn buyers of (just-legalised) CBD products could be breaking the law – and one big retailer just yanked CBD from its shelves
- Bruce Whitfield: What we need to learn from Telkom fast, to save South Africa