A stronger black middle class good news for us all

The Times Editorial: A quiet revolution is taking place in our suburbs. In 2005, white buyers of homes in suburban areas represented about 57% of the total, while black languished at 23%, figures supplied by FNB’s estate agents surveys show. According to Business Report, FNB’s figures for the first two quarters of this year show that about 46.5% of home buyers in the suburbs were white, 32% were black, 12.5% Indian and 9% coloured.

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