South Africa; Severe Imbalances in Wealth Continue in One of World's Most Unequal Societies
South Africa has the dubious honour of being one of the most unequal
societies in the world. Income distribution is heavily skewed, with a
concentration of wealth in a small number of hands. But is inequality
worsening - or have policy changes adopted over the past decade
improved wealth distribution? This question is highly political, as
reflected by government's emotive reaction to last year's United
Nations human development report, which suggested a worsening in
inequality over the past decade. A new study by the University of SA's
Bureau for Market Research suggests some improvement, but still a very
skewed wealth distribution. It supports the findings of a number of
studies done in recent years, which show a decline in inequality
between racial groups, mainly because of increased social grant
spending, and better job prospects for blacks, resulting in them
earning a larger slice of the income pie. However, inequality within
race groups has increased, indicating that the rich have become richer
through upward mobility, while the poor continue to struggle to improve
their circumstances. [
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