Thursday, September 27, 2018

South Africa's Inequality

The income inequality in South Africa is growing at a pace that is much more rapid than has been reported in the past, according to a study. UCT researcher and academic Ihsaan Bassier co-authored the study.

Bassier says the study shows that the top 1% of incomes is increasing rapidly even with low economic growth.

The richest 5% (which is about 1.5 million adults) earn more than R25 800 a month and earned in total close to 30% of South Africa's national income in 2016.

No comments: