jority believe it as a factor that can uplift and secure the life of older people, which is well evident when comparing to the elderly like in Brazil, Chile or South Africa. Analyzing the countries where there are no old-age pension systems or it located only among a few people, these elderly are counted among the poor people (Barrientos, et al 2003) Various studies have identified the fact that in most of the developing countries the beneficiary cannot enjoy the privileges of pensions. It is evident that these amounts are channelized to other members of the households. Some of the studies conducted about this issues have identified that the children of the beneficiary households have higher enrolment rates and better health that those who do not receive pensions in their households (Duflo, E. (2003).
Though there are not much pension schemes for the elderly majority of the developing countries, it has been found out that South Africa is on the verge of broadening their pension schemes and implementing a safety net program for supporting the elderly.
One of the studies found in an online article writes, “The means-tested, non-contributory (social) pension in South Africa was first introduced in 1928 but it was only in 1993 that the same amount was paid to all racial groups.” The study also observes, “Women over 60 and men over 65 may be eligible for a monthly pension of R780 (US$109). Means testing is based on an individual’s (and partner’s if married) income levels." (Social pensions in South Africa, 2005).
It has been observed that “The social pension reduces the number of people living below the poverty line by 2.24 million. It increases the income of the poorest 5% of the population by 50%. People in households receiving a pension are 12.5% less likely to be poor in South Africa.” Through this study the researcher aims to find out whether the social pensions in Sub Saharan Africa is really like a panacea to the elderly that they could satisfy