Wealth
latest news & developments
Shower hour: Water has become a dirty joke
The trials of living a life around the capricious temperament of water scheduling
Cape Town to mint 6100 new millionaires in projected wealth boom
New millionaire residents will surge by 85% in 2033, making it one of the Brics nations fastest growing wealth hubs
Excavating the role of Africans in the creation of the modern world
Europe would have been a marginal player in world history without the continent’s natural resources and centuries of cheap African labour
Few wealthy families employ a philanthropic strategy
Having a formal plan in place helps families and trusts to assist others more efficiently when crisis strikes
No one should be as rich as Elon Musk
The reactions to Elon Musk’s billionaire status are evidence that far too many South Africans have not fully grasped the destructive consequences of inequality. Entrepreneur Musk…
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
See people as individual humans, not as a race
We need to ingrain values of equality in education, businesses, society broadly and religious groups to see people
Crazy-rich Africans fear instability
The Standard Bank’s Wealth Report for Africa for 2020 shows that the continent’s wealthiest individuals worry about what impact volatile political environments will have on their…
An emergency budget needs bold decisions, including a bigger public sector
Choosing this path would create work for many while also building the infrastructure that the country needs
More billionaires but wealth gap between rich and poor widens
In South Africa, growth in 2017 went to the top 1% most wealthy people and nothing to the bottom 50%
Letters to the editor: February 3 to 9 2017
Readers write in about Marxism and economics, and the World Economic Forum in Davos.
Wealth is a threat to environment
The wealthy few who embrace luxurious and extravagant lifestyles impose a great burden on the environment.
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
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.