New Black middle class fuels South African consumer boom Economy

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According to recent survey’s 2 million blacks of the South Africa’s 45 million population are now earning $40,000 plus per year.

But that’s not all… the black south african middle class is growing at between 40-50 per cent per year which is pretty fast.

Paul Harris, chief executive of banking group FirstRand says:

“It is probably the single biggest factor in this resurgence of growth in our country.”

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