Confronting Inequality - the South African Crisis

Confronting Inequality - the South African Crisis

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South Africa’s distorted distribution of wealth is one of the biggest challenges facing the country’s economy, with unemployment sitting at an unsustainable 27.7%. In terms of wealth, the top percentile households hold 70.9% while the bottom 60% holds a mere 7%. 76% of South Africans face an imminent threat of falling below the poverty line. With such statistics, the inequality crisis in this country is at a desperate level and strategies to remedy this challenge seem shallow and lack urgency.

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