Statistics South Africa (Stats SA) recently released the Income & Expenditure Survey (IES) 2022/2023, which provides detailed insights into household income, consumption, and spending across national, provincial, and metropolitan levels.
Conducting an analysis of the IES 2022/2023 is worthwhile in terms of industrial policy as the survey offers critical data directly aligned with the TIPS Income and Expenditure Survey Analysis Project. This analysis explores trends in income and asset inequality across income and expenditure classes, and by gender of household head. This includes examining income from employment, business, financial assets, and imputed rent. The goal is to understand how inequality in both income and assets shapes household economic security and influences consumption capacity. Together, these components will contribute to our understanding of how household-level trends affect industrial development opportunities and constraints in South Africa.