South Africa's top 10 percent earn at least R1 million annually

A South African earns enough to be in the top 10 percent of the population if their annual income is approximately R1 million. This bracket also holds more than R10 million in assets. These thresholds are defined by investment manager Sean Peche, who bases wealth on a person's position relative to the overall population. For those in the top 1 percent, the income bar rises to R2 million or more per year, with assets totaling roughly R25 million. Extreme income inequality in South Africa ensures that earnings often described as middle class place individuals far higher up the national ladder than expected.