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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:The Effect of Increases in Real Goldmining Wages on the Expenditure Patterns of Rural African Mineworkers
Authors:Ault, D.E.
Rutman, G.L.ISNI
Year:1987
Periodical:South African Journal of Economics
Volume:55
Issue:4
Pages:381-394
Language:English
Geographic term:South Africa
Subjects:miners
wages
household budget
gold mining
External link:https://doi.org/10.1111/j.1813-6982.1987.tb01104.x
Abstract:As part of the effort to attract more South African labour to goldmining, the industry had, by 1980, increased nominal wages by over 500 percent, which resulted in an increase in real mine wages of 333 percent. This paper examines the effects of this substantial increase in income from goldmining on the consumption and asset accumulation patterns of mineworkers living in the rural areas of southern Africa. Aim is to identify several changes that took place in the expenditure and savings patterns of rural Africans who were employed by the goldmining industry during the period 1976-1979. Of particular interest is the impact of this increased cash flow on transaction patterns within the rural economy. Conclusion: these rural Africans may still be rural-oriented in the sense that asset accumulation is governed by traditional institutions and customs, but, as his expected income rises, the rural African uses money to make transactions with respect to the accumulation of traditional assets such as livestock, land rights, and wife rights (lobola). App., bibliogr., notes, ref.
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