An increasing South African middle class.

A presentation to a conference at the University of Stellenbosch on November 9, 2006 sponsored by South Africa's (SA) Bureau of Economic Research (BER), which is located at the University, highlighted some of SA's achievements since the end of apartheid in the 1990s. The presenters listed the following infrastructure upgrades: Housing, 16-million units constructed; water provided for 17.3-million consumers; sanitation for 6.7-million; power extended to 3.8-million homes, and more than 700 clinics constructed.

The presenters also described some of the trends associated with the creation of a new and growing black middle class.

As a group, the emergent black middle class exhibits what the presenters called an "asset deficit."...

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