Wealth Gap
latest news & developments
G20 presidency handover to the US set for Tuesday, Dirco director general Zane Dangor says
Dangor said the US argument that if one G20 member was absent from the leaders summit, then there could be no consensus, had been voted down
‘World not doing tit for tat with US,’ WTO head says at G20 summit
Director general Ngozi Okonjo-Iweala said South Africa’s G20 presidency highlighted the importance of trade within WTO rules and reforming the system through local mineral…
‘G20 declaration future-proofed, despite US non-participation’, says South Africa’s presidency
Presidency spokesperson Vincent Magwenya said countries understood ‘that there’s a bilateral issue between South Africa and the US, but that must not, in any shape or form,…
Ramaphosa: G20 leaders summit reaches consensus on adopting a declaration
In an apparent reference to US President Donald Trump’s absence, Ramaphosa warned against allowing ‘anything to diminish the value, the stature or the impact of the first African…
Ramaphosa launches G20 panel to address extreme global inequality
The panel, chaired by Nobel prize-winner economist Joseph Stiglitz, will produce recommendations to help bridge the rich-poor divide
Closing the gender wealth gap needs systemic change — but women must also act
South African women face a wider wealth gap than global average, retiring with 71% of men’s wealth due to unequal pay, lower employment and care breaks
The inefficiency of the Gini coefficient
To simplify complex inequality into a single statistic doesn’t address how to accurately assess (or reduce) South Africa’s large wealth divide
SA’s middle class closing in on the rich
The gap between the poor and middle class is widening, but according to the World Bank, inequality between the rich and middle class is narrowing.
No, minister. Increasing VAT was avoidable
Instead of hitting low earners hard, the budget should have raised wealth and corporate taxes
Free education demands radical change to the budget
‘Lastly, economics makes the difference between wealth creation and wealth inheritance.’
Figures suggest SA has the highest concentration of wealth in the hands of a few
For the first time, tax data has been made available to try to assess just how much is owned by how many
We’ve bastardised blessed with a #
Forget the God of Galatians 5. Another lord who rules the temples of wealth will grant all your wishes, particularly if you are among the 1%.
QE has made the very rich even richer
Credit Suisse’s Global Wealth Report makes for interesting reading for those who suspect quantitative easing is more about propping up asset prices.
1% own half the world’s wealth
Research by Credit Suisse shows that the world’s poor and middle classes have been squeezed to create more wealth for 1% of the population.
Inequality mocks SA’s freedom
Oxfam’s latest report highlights the travesty of inequality and warns of dire and corrosive consequences to society.