What does the success of SA’s burial cover industry tell us about the health of the country?

If there are less than 15 million households and almost 10 million funeral cover policies, what does that tell us about the country’s ability to create a large, sustainable  middle class?

If, after 25 years of universal adult suffrage, SA isn’t substantially expanding the number of households which accumulate enough wealth over a lifetime to pass a meaningful volume of assets to the next generation, for how long will broad prosperity remain elusive? Do income statistics overstate SA’s progress?