The three billionaires are Christo Wiese of Brait SE, Ivan Glasenberg of Glencore and Stephen Saad of Aspen Pharmacare.— Ayabonga Cawe, Oxfam SA
By every single measure there has been declining inequality in the actual living standards of ordinary South Africans.— Leon Louw, Free Market Foundation
Oxfam South Africa research found that three billionaires in the country have the same wealth as the bottom 50%.
It accuses the rich of dodging taxes and using their power to influence politics.
Oxfam further claims that the richest eight people in the world – all of them men – own as much wealth as the poorest half of the world.
The Money Show’s Bruce Whitfield interviewed Oxfam South Africa’s Ayabonga Cawe and Leon Louw of the Free Market Foundation.
For more detail listen to the interview in the audio below (and/or scroll down for more quotes from it).
We envision an economy driven by the needs of the 99%.— Ayabonga Cawe, Oxfam SA
Income inequality is driven by policy.— Ayabonga Cawe, Oxfam SA
The State must play a much larger role in terms of the delivery of services.— Ayabonga Cawe, Oxfam SA
Tax avoidance is a key driver of inequality.— Ayabonga Cawe, Oxfam SA
Oxfam produces what I call ‘OxScam’.— Leon Louw, Free Market Foundation
Oxfam admits that poverty has virtually vanished from the planet.— Leon Louw, Free Market Foundation
A decade ago there were only a million black, middleclass South Africans. Today there are 6 million!— Leon Louw, Free Market Foundation
Oxfam does not care about The Poor at all! It’s only obsessed with The Rich!— Leon Louw, Free Market Foundation
Oxfam hates the fact that The Poor are no longer poor.— Leon Louw, Free Market Foundation
People’s living standards are rising by every measure imaginable.— Leon Louw, Free Market Foundation
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
Entertainment and news are being used to change the way you see the world and not always truthfully.
The Money Show’s Bruce Whitfield interviews Norton Rose Fulbright Director in Litigation Lauren Fine.
Sleep is as vital for complex life as food, water and oxygen. Bruce Whitfield interviewed FAB Quotient's Joni Peddie.
"The share of the population living in poverty fell from 57.2% to 45.5%, partly due to the aggressive expansion of social grants."
Gill Marcus calls it “one of the most important books of this century”. 5 thought leaders debate Thomas Piketty’s tour de force...
Jesus said poverty will always be with us. He was right, because poverty is relative, says the Free Market Foundation’s Leon Louw.
Bruce Whitfield interviews Francois Janse van Rensburg, author of “Making Money through Buy-To-Let in South Africa".
The Money Show’s Bruce Whitfield interviews Galileo Capital Financial Advisor Warren Ingram.
Following a spate of farm murders in the Cape, the policing expert says there aren't enough stats available on farm killings.
The Money Show’s Bruce Whitfield interviews Hirsch for his regular “ShapeShifter” feature.
The singer has come forward with claims of how she was raped by current SA Football Association boss Danny Jordaan in 1993.
Stephen Grootes says he believes former Eskom CEO Brian Dames when said he was not formally introduced to the Gupta family.
Raymond Ledwaba is a Chartered Accountant by profession and the CEO of ITTHYNK Smart Solutions.
The EFF lawyer stole the show during the state capture report court battle.
Elon Musk, as you’d expect, hails from an exceptional family. Bruce Whitfield interviews his Capetonian father.