'In SA, if you’re born rich you stay rich and if you’re born poor you stay poor'

Absa is sponsoring Bruce Whitfield at the 2020 World Economic Forum in Davos, Switzerland.

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Informal settlements in South Africa. Image: 123rf.com

The opportunities life presents to most South Africans remain firmly tied to their socio-economic status at birth, according to the World Economic Forum’s (WEF) Global Social Mobility Index 2020.

In other words, South Africa – the most unequal society in the world – has one of the lowest rates of social mobility in the world.

Social mobility refers to the movement up or down social classes.

It refers to the ability of a child to experience a better life than her parents.

South Africa ranks 77th out of 82 countries benchmarked for the Global Social Mobility Index.

Social mobility ranking of Brics countries:

  • Russia – 39th

  • China – 45th

  • Brazil – 60th

  • India – 76th

  • South Africa – 77th

Social mobility is low in most countries; only these 10 countries can be said to have the right conditions for it:


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