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.

Read More
Exclusive Books readies for fight to remain in airports

Exclusive Books readies for fight to remain in airports

Acsa awarded the tender to a company that can't even be found online. Bruce Whitfield interviews the Exclusive Books MD.

5 ways terrorism is affecting trade

5 ways terrorism is affecting trade

The Money Show’s Bruce Whitfield interviews Signal Risk Director Ryan Cummings.

How award-winning Hello Group is slashing international calls and transfer costs

How award-winning Hello Group is slashing international calls and transfer costs

Bruce Whitfield interviews Nadir Khamissa, CEO of Hello Group, a 2015 EY Southern Africa World Entrepreneur Award winner.

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

Hidden hunger holding South Africa back - Oxfam

Hidden hunger holding South Africa back - Oxfam

One in four South Africans are constantly hungry in spite of our farms producing more than what country needs

Popular articles
Queen Elizabeth’s increase (to R925 million!) is 21 times Britain’s inflation

Queen Elizabeth’s increase (to R925 million!) is 21 times Britain’s inflation

The world's oldest reigning monarch will get a nifty pay hike in April 2017, if the way the Royal Family is funded stays the same.

Rivers Church pastor says he was misunderstood

Rivers Church pastor says he was misunderstood

Rivers Church senior pastor, Andre Olivier, defends his controversial comments on black people.

Another three SABC journalists could face suspension

Another three SABC journalists could face suspension

Three more senior journalists at SABC could face suspension after a letter to the COO saying newsroom is in a state of confusion.

How to get rich (and work less) by freelancing

How to get rich (and work less) by freelancing

Be your own boss; make lots of money - “The Wealthy Freelancer: 12 Secrets to a Great Income and an Enviable Lifestyle”.