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
Click here (then“like” the page) to follow Bruce on Facebook.
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.
Read More
The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.
Got R50? No? Got R5? Personal finance expert Warren Ingram on how to buy shares with tiny amounts of money.
A simple savings plan for people who don’t like to budget. Bruce Whitfield interviews personal finance guru Warren Ingram.
"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.
Popular articles
The annual MTN Walk the Talk with 702 takes place on 22 July this year, under the theme 'Walking for South Africa'.
‘It took approximately 4 – 5 months because I had to make some stops on the way for repairs.' - Julia Albu, the African Conquest
Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)
Journalists Sikhonathi Mantshantsha and Kyle Cowan discuss just how the Guptas and their associates helped capture Eskom.
Bruce Whitfield interviews Francois Janse van Rensburg, author of “Making Money through Buy-To-Let in South Africa".
Clinical sexologist Dr Eve shares insights into sexual fetishes and how partners negotiate them in their bedroom and relationship.
Join Joburgers from all walks of life come together peacefully, united in their diversity for a fun family day out.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?
![[WATCH] Dangerous viral challenge has tweeps jumping out of moving cars, dancing](http://cdn.primedia.co.za/primedia-broadcasting/image/upload/fl_progressive,q_80/c_fill,g_faces,h_68,w_68/hpqmzjyarpqfqku93jjb.jpg)
