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Savings and Savers: An Analysis of Saving Behaviour among Cape Town's Poor

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  • Ross Esson

Abstract

This paper analyses the characteristics of low-income savers in a working class residential area of Cape Town. It uses the Khayelitsha and Mitchell's Plain Survey that was conducted in 2000. The survey was done at both a household and individual level for all adults over 18 years old. These household and individual datasets were merged to form the dataset used in this study. There were 4984 respondents of which 2644 were adults .The KMPS data set is a good foundation for analysing the characteristics of savers in a low income area characterised by high unemployment and poverty. Economic theory defines savings as that part of disposable

Suggested Citation

  • Ross Esson, 2003. "Savings and Savers: An Analysis of Saving Behaviour among Cape Town's Poor," SALDRU/CSSR Working Papers 059, Southern Africa Labour and Development Research Unit, University of Cape Town.
    • Handle: RePEc:ldr:cssrwp:059
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    File URL: https://www.opensaldru.uct.ac.za/handle/11090/639
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    References listed on IDEAS

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    1. Coetzee, Gerhard K. & Cross, Catherine, 2002. "The Role Of Community Banks In South Africa: Can It Contribute To Impove Access To Financial Services For The Poor?," Working Papers 18039, University of Pretoria, Department of Agricultural Economics, Extension and Rural Development.
    2. Gina Buijs, 1998. "Savings and loan clubs: Risky ventures or good business practice? A study of the importance of rotating savings and credit associations for poor women," Development Southern Africa, Taylor & Francis Journals, vol. 15(1), pages 55-65.
    3. Jolene Skordis & Matthew Welch, 2004. "Comparing alternative measures of household income: Evidence from the Khayelitsha/Mitchell's plain survey," Development Southern Africa, Taylor & Francis Journals, vol. 21(3), pages 461-481.
    4. Mr. Vassili Prokopenko & Mr. Paul Holden, 2001. "Financial Development and Poverty Alleviation: Issues and Policy Implications for Developing and Transition Countries," IMF Working Papers 2001/160, International Monetary Fund.
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