Business Report - SA's richest 1% earn R300bn a year: "SA's richest 1% earn R300bn a year November 11, 2007 This is according to a research study published by the Bureau of Market Research (BMR) at the University of South Africa, which looked at an integrated model of the population, labour market and income and expenditure. There are 45 142 African people in the rich category and their combined income amounts to R22 billion. Of these, 8 201 are women. Whites still lead the ranks of the wealthy, with 229 076 of them earning R181 billion on an annual income of R500 000 a year each. "
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