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
South Africa can have cheap electricity, forever! – former Eskom engineer

South Africa can have cheap electricity, forever! – former Eskom engineer

The Money Show’s Bruce Whitfield interviews Dr Tobias Bischof-Niemz, CEO at ENERTRAG South Africa.

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

TymeBank has no branches and no monthly fees. Most transactions are free. Bruce Whitfield interviews its CEO.

Buying a used car? New app sends mechanic to inspect it before you decide

Buying a used car? New app sends mechanic to inspect it before you decide

Hanru Reyneke is on a mission to disrupt the used-car industry in South Africa by providing peace of mind to punchdrunk consumers.

How to get off the Eskom grid

How to get off the Eskom grid

Homes and businesses… Grahame Cruickshanks (Green Building Council SA) offers advice on freeing yourself from Eskom.

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
Public Protector: 'Classified' doc at centre of SSA spat obtained anonymously

Public Protector: 'Classified' doc at centre of SSA spat obtained anonymously

The Public Protector laid a criminal complaint against the State Security Minister over the supposedly classified state document.

South Africa can have cheap electricity, forever! – former Eskom engineer

South Africa can have cheap electricity, forever! – former Eskom engineer

The Money Show’s Bruce Whitfield interviews Dr Tobias Bischof-Niemz, CEO at ENERTRAG South Africa.

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

TymeBank has no branches and no monthly fees. Most transactions are free. Bruce Whitfield interviews its CEO.

Buying a used car? New app sends mechanic to inspect it before you decide

Buying a used car? New app sends mechanic to inspect it before you decide

Hanru Reyneke is on a mission to disrupt the used-car industry in South Africa by providing peace of mind to punchdrunk consumers.

What are the rules and regulations when it comes to owning a generator?

What are the rules and regulations when it comes to owning a generator?

A listener on the Afternoon Drive has shared his frustrations with a neighbor's noisy generator and the health risks it posed.

NSFAS to probe claims of unpaid funds causing students to resort to loan sharks

NSFAS to probe claims of unpaid funds causing students to resort to loan sharks

Students claim they have not received their NSFAS meal allowances and are forced to borrow from loan sharks to survive.