Elderly in South Africa
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According to the South African Older Persons Forum (SADPF) it was estimated that in 2009 3.7 million of the total South African population was over 60 years of age and this figure has risen to upwards of 8 million. Of these 58% were women. Black women accounted for the largest spread of older persons. Gauteng and Kwa Zulu Natal have the highest numbers of older persons with the Northern Cape having the lowest.
We have a problem that is escalating with many more people coming up for retirement and or have already retired and these people will find their financial expectations falling way short of their plans which will lead to them being forced to stay in the job market putting additional strain on an ever expanding unemployment problem.
Useful links:
Older Persons Act (13/2006) Regulation 33075, 2010
South African Association of Retired Persons