(Reuters) - South Africa's black middle class grew by 30 percent last year and should continue to expand in the coming years as the government pursues its black economic empowerment programme, a study has shown.
However, the survey by the University of Cape Town and TNS Research says retailers have failed to tap fully into this group, which numbers 2.6 million or 12 percent of the country's black population, but holds more than half of its buying power.
Read more at Reuters Africa
However, the survey by the University of Cape Town and TNS Research says retailers have failed to tap fully into this group, which numbers 2.6 million or 12 percent of the country's black population, but holds more than half of its buying power.
Read more at Reuters Africa
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