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South Africa’s two richest people have wealth equal to the poorest 26.5-million

November 3, 2014

B1K57oGIUAEZj-lSouth 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. *Source 702.co.za]]>

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