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The South African pension system

Published online by Cambridge University Press:  01 November 1998

Valerie Møller
Valerie Møller
Affiliation:
Institute for Social and Economic Research, Rhodes University, South Africa
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Abstract

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A. Sagner. 1998. The 1944 Pension Laws Amendment Bill: old-age security policy in South Africa in historical perspective, ca. 1920–1960. Southern African Journal of Gerontology7, 1, 10–14.

S. van der Berg. 1998. Ageing, public finance and social security in South Africa. Southern African Journal of Gerontology7, 1, 3–9.

The latest issue of Southern African Journal of Gerontology traces the origins of the South African social pensions system and addresses contemporary issues. In her editorial, Monica Ferreira (1998) notes that South Africa is one of only two countries in Africa that operates a social old-age system. Although the value of the South African social pension system is low in terms of real income (R490 in July 1998 – approximately US$100), the pension is generous in comparison with other developing countries. The take-up rate of the pension is virtually 90 per cent in the case of Africans, who historically were the most disadvantaged group under apartheid.

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Ageing & Society , Volume 18 , Issue 6 , November 1998 , pp. 713 - 719
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© 1998 Cambridge University Press