More than a quarter century of democratic rule has seen the growth of a black middle class and a black business and political eliteThe social architecture formed over more than three centuries of white rule has maintained SA’s position as the world’s most unequal society, according to the Thomas Piketty-backed World Inequality Lab.
“There is no evidence that wealth inequality has decreased since the end of apartheid,” the group said. “Asset allocations before 1993 still continue to shape wealth inequality.” Discontent with economic prospects and an unemployment rate of more than 30% has stoked unrest in SA. That’s limited expansion and curtailed investment.
“SA’s successive governments endorsed several ambitious socioeconomic policy frameworks whose primary objectives consistently included reducing economic inequality inherited from colonial and apartheid regimes,” it said. “Yet, wealth inequality has remained remarkably stable.”
Blame the ANC! They should have accelerated wealth for all, and uplifted the black middle class even more so. That would have been first prize, and the dream that was sold in 1994. They failed at that. They succeeded only to make us all less prosperous. Sies.
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With increasing middle class how has the wealth gap not decreased? Are there not more economically empowered non whites?
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Wealth gap unchanged since apartheid, study findsLaw, policies pushing equality fail to narrow gap, Thomas Piketty-backed World Inequality Lab study shows It's not new Good read, MullerBrink The ANC had all the tools to change it. The two ANC cart horses of corruption and incompetence rendered them impotent. I wonder, how does the wealth gap compare pre 1994?
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Wealth gap unchanged since apartheid, study findsLaw, policies pushing equality fail to narrow gap, Thomas Piketty-backed World Inequality Lab study shows So that is a great clue that what they are doing is not working, and probably never will..? But doubt if they will actually make the connection. Just blame the same long in the tooth excuses...
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SA has grown black middle class but wealth gap unchanged since apartheid — reportThe social architecture formed over more than three centuries of white rule has maintained SA’s position as the world’s most unequal society, according to the Thomas Piketty-backed World Inequality Lab. The most unequal societies in the world are Latin America and the Middle East with Africa 3rd to be a little more precise. Which is still terrible for the people of Africa.
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SA has grown black middle class but wealth gap unchanged since apartheid — reportWhile blacks have outnumbered whites in the richest 10% of the population for about seven years, the gap between SA’s richest and poorest hasn’t narrowed. Tenderpreneurs have crippled this economy, largely because of incomplete work, lack of knowledge, greed, incompetence and state capture tendencies... ANC elite has failed on their promises, almost 30 years of only looting no progress economically only handouts of destruction Who cares about the gap... I say we need more rich folks the economy size gdp per capita in usd near zero .. :: growth required ... in real terms per capita in usd
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