JOHANNESBURG (AFP) – South Africa is the most unequal country in the world, with race taking part in a figuring out issue in a society the place 10 per cent of the inhabitants owns greater than 80 per cent of the wealth, a World Bank report stated Wednesday (March 9).
“South Africa… is the most unequal country in the world, ranking first among 164 countries,” the Washington-based establishment stated in a report referred to as ‘Inequality in Southern Africa’.
Nearly thirty years after the finish of apartheid, “race remains a key driver of high inequality in South Africa, due to its impact on education and the labour market,” it stated.
When race is taken into account as an element in revenue disparities, the report added, “its contribution to income inequality amounts to 41 per cent, while contribution of education is reduced to 30 per cent.”
“The legacy of colonialism and apartheid, rooted in racial and spatial segregation, continues to reinforce inequality.”
The country’s neighbours that make up the remainder of the Southern African Customs Union – Botswana, Eswatini, Lesotho and Namibia – all end excessive on the listing of the most unequal nations in the world.
Gender additionally performs an necessary function.
In the area, ladies earn on common 30 per cent lower than males with the identical stage of training.
The pay hole between women and men reaches 38 per cent in Namibia and South Africa.
The uneven distribution of agricultural land can also be an element driving inequality, particularly in rural areas.
In Namibia, 70 per cent of the 39.7 million hectares of business agricultural land “still belong to Namibians of European descent”, the World Bank stated.
The report was produced earlier than the Covid-19 pandemic and its authors used the Gini co-efficient – an indicator of revenue inequality – to rank nations.