I was trying to work out whether this was good or bad news. It turns out it's good news. Essentially the percentage of people living in poverty is coming down.The proportion of households in LSMs one to three has declined from 36% in 2003 to 20% in 2009. (AMPS - various years. LSM stands for Living Standards Measure and is a frequently used basis to segment the consumer market in South Africa)
The living standards measure runs from LSM 1 (people with the lowest living standards) to LSM 10 (people with really high living standards).
I also found this 2004 report on income and expenditure by LSM interesting.
Did you like this article? Share it with your favourite social network.