SA’s two richest people have wealth equal to the poorest 26.5-million - Oxfam

South Africa remains the most unequal country in the world with the two richest South Africans (Johann Rupert and Nicky Oppenheimer, according to Forbes) having wealth equal to the poorest 50 percent (i.e. 26.5-million people) of the country, according to an Oxfam global inequality report.

Click here to read “Even it Up”, Oxfam’s report on extreme inequality or here to read another Oxfam report on inequality entitled “Working for the Few”.

Some of the claims made by Oxfam (in addition to those already mentioned):

• Only 360 of highest earners in South Africa pay their fair share of taxes.

• Inequality in South Africa is worse today than at the end of Apartheid.

• R350-billion flows out of South Africa illegally through corporations.

• Land reform is increasing inequality and about 35 000 farmers create 80 percent of all produce. A few large corporations have a massive influence.

• Unemployment is biggest driver of poverty in South Africa. Poverty is most severe amongst the elderly, young adults and children.

• One in four South Africans right now are hungry with nothing to eat.

Oxfam is an international confederation working 94 countries worldwide to find solutions to poverty and what it considers as injustice around the world.


Recommended

by NEWSROOM AI
Read More
Can South Africa and Nigeria kiss and make up? Because there’s money to be made

Can South Africa and Nigeria kiss and make up? Because there’s money to be made

The relationship is complicated and strained. Dianna Games reports back from the SA-Nigeria Investment Conference in Sandton.

TymeBank CEO Sandile Shabalala quits

TymeBank CEO Sandile Shabalala quits

Shabalala says he wants to spend more time with his family. Bruce Whitfield interviews portfolio manager Kokkie Kooyman (Denker).

Average salary in SA is R6400 per month, but 70% of workers earn less

Average salary in SA is R6400 per month, but 70% of workers earn less

About 29% of workers earn less than the R3500 national minimum wage, says Anish Shivdasani, CEO at Giraffe.

'Elephant in the room is labour law and the labour movement'

'Elephant in the room is labour law and the labour movement'

The Money Show's Bruce Whitfield interviews economists Andrew Levy (Andrew Levy Employment) and Dr Azar Jammine (Econometrix).

The significance of World Food Day

The significance of World Food Day

Today marks 'World Food Day', Xolani reflects on how we can deal with the issue of food insecurity in South Africa.

On World Food Day, everyone has the answers!

On World Food Day, everyone has the answers!

On World Food Day, we are reminded that solutions to the world's hunger problems are in our hands

Popular articles
[WATCH] SA youth choir shines on America's Got Talent with 'My African Dream'

[WATCH] SA youth choir shines on America's Got Talent with 'My African Dream'

The Ndlovu Youth Choir's beautiful performance got 4 yesses from the judges, including Simon Cowell!

[WATCH] Dad promises son a PlayStation 5 if he hits crossbar, and he does

[WATCH] Dad promises son a PlayStation 5 if he hits crossbar, and he does

Khabazela shares tweets and Facebook posts that have gone viral.

TymeBank CEO Sandile Shabalala quits

TymeBank CEO Sandile Shabalala quits

Shabalala says he wants to spend more time with his family. Bruce Whitfield interviews portfolio manager Kokkie Kooyman (Denker).

Average salary in SA is R6400 per month, but 70% of workers earn less

Average salary in SA is R6400 per month, but 70% of workers earn less

About 29% of workers earn less than the R3500 national minimum wage, says Anish Shivdasani, CEO at Giraffe.

'Elephant in the room is labour law and the labour movement'

'Elephant in the room is labour law and the labour movement'

The Money Show's Bruce Whitfield interviews economists Andrew Levy (Andrew Levy Employment) and Dr Azar Jammine (Econometrix).

Investec gives staff unlimited leave days and freedom to wear what they want

Investec gives staff unlimited leave days and freedom to wear what they want

The bank rewards innovation with substantial bonuses and pays according to output not hours at work, says Lesley-Anne Gatter.

JSE Limited lost 10% of its value on Monday

JSE Limited lost 10% of its value on Monday

The Money Show’s Bruce Whitfield interviews Nicky Newton-King, CEO at the JSE Limited.

We've technologist on record saying she'll not treat patients - Discovery Health

We've technologist on record saying she'll not treat patients - Discovery Health

CEO Dr Broomberg has rubbished reports that a KwaZulu-Natal patient died after the company stopped payments.

'We are not investigating the so-called R400m,' says Public Protector's office

'We are not investigating the so-called R400m,' says Public Protector's office

Spokesperson Oupa Segwale discusses the scope of Busisiwe Mkhwebane's investigation of Cyril Ramaphosa's ANC campaign funding.