Davos WEF is about the economy of the super rich 1% - Oxfam Inequality Report

Oxfam launched an inequality report to coincide with the World Economic Forum (WEF) in Davos. WEF meeting is due to start in Davos on Tuesday in Switzerland and will run until Friday.

Oxfam says this is the most elitist gatherings and the most expensive economic event on the calendar.

EWN reporter Ziyanda Ngcobo says Oxfam's report talks about the economy of the 1% which rules the whole nation and only benefiting a few.

The report says there are a lot of assumptions that drives the economy of the 1% which owns a total of 42% of South Africa's wealth.

Ziyanda Ngcobo, EWN reporter

They highlighted the fact that global events such as Brexit, WEF and election of Trump are a display of the public anger with inequality that is creating political shock wave across the globe.

Ziyanda Ngcobo, EWN reporter

Take a listen below:


This article first appeared on CapeTalk : Davos WEF is about the economy of the super rich 1% - Oxfam Inequality Report


Recommended

by NEWSROOM AI
Read More
Wits Nehawu members down tools over salaries

Wits Nehawu members down tools over salaries

Nehawu Wits acting secretary Tumisho Madihlaba says negotiations with management deadlocked resulting in a strike.

Former Eskom interim CEO Sean Maritz under fire for signing off R400 mil payment

Former Eskom interim CEO Sean Maritz under fire for signing off R400 mil payment

‘Documents show that the fee contract was entered into by Anoj Singh & signed off by the acting CEO Sean Maritz' - Chris Yelland

May the Fourth be with you, a celebration of Star Wars Day

May the Fourth be with you, a celebration of Star Wars Day

May 4 marks "May the Fourth be with you," Day celebrated by fans George Lucas' fans of his Star Wars global movie franchise.

'Rwanda shows that - when there’s political will -  it can be done!'

'Rwanda shows that - when there’s political will - it can be done!'

Bruce Whitfield interviews Paul Clark (Ashburton Investments) who gives final feedback from WEF Africa after visiting Kigali.

'We'll know there's real change when the West comes to Africa to borrow money'

'We'll know there's real change when the West comes to Africa to borrow money'

The Money Show’s Bruce Whitfield interviews The Midday Report’s Stephen Grootes who is at the WEF Africa event in Rwanda.

What to expect from WEF Africa 2016

What to expect from WEF Africa 2016

The World Economic Forum on Africa kicks off in Rwanda and Stephen Grootes shares the low down on what the summit has in store.

Popular articles
Hits from the bong (it’s legal!)… then off to work I go?

Hits from the bong (it’s legal!)… then off to work I go?

The consequences of consuming dagga at home and showing up at the office high. Bruce Whitfield interviews a labour lawyer.

Tax ombud to probe Sars – yet again - after taxpayers complain

Tax ombud to probe Sars – yet again - after taxpayers complain

The Money Show’s Bruce Whitfield interviews Adv. Eric Mkhawane, CEO at the Office of the Tax Ombud.

[LISTEN] 'Lesufi has been attacking Afrikaans schools since 2014'

[LISTEN] 'Lesufi has been attacking Afrikaans schools since 2014'

The Freedom Front Plus says the Gauteng Education MEC has flouted school language policies and is destroying Afrikaans.

'We can barely enforce tobacco legislation, how will we to deal with dagga?'

'We can barely enforce tobacco legislation, how will we to deal with dagga?'

International law enforcement expert and former Drug Unit Commander Lobo das Neves says ruling opens a different can of worms.

Basic Education to introduce Kiswahili and coding to SA's curriculum

Basic Education to introduce Kiswahili and coding to SA's curriculum

Basic Education spokesperson Elijah Mhlanga spoke to Joanne Joseph on the Afternoon Drive to elaborate.

ConCourt rules dagga legal for private use, but what is private?

ConCourt rules dagga legal for private use, but what is private?

Associate Professor of Law at Wits University James Grant says the ConCourt did not define what private use was.