Diving into the South African Grants System
Population and Employment statistics StatsSA mid-year population estimates for July 2014 stood at 54 million. [1] Approximately 30% of the population is aged younger than 15 years (16.2 million) and approximately 8.4% (4.54 million) is 60 years or older. This puts the 15-59 age group at 61.6% (33.264 million). The 2014 Quarter 1 (Jan to March) Labour Force Survey shows the Population aged 15–64 years as 35.177 million. The Labour force being 20.122 million, these are the people of a productive age who can be employed. The people actually employed was 15.055 million with the employment in the formal sector in the formal sector (non-agricultural) being 10.78 million [2] Government Revenues Government gets money and spends money in the same way an individual does. Taxes such as income tax, corporate tax, value added tax (VAT), fuel levies, customs & excise duties form the revenue inflows for government. In the 2013/14 budget, tax revenue from personal income ta...