South Africa most unequal country in the world: Report
According to a World Bank report, South Africa is the most unequal country in the world, anking first among 164 countries, with race playing a determining factor in a society where 10 percent of the population owns more than 80 percent of the wealth,
In its words , "race remains a key driver of high inequality in South Africa, due to its impact on education and the labor market. When race is considered as a factor in income disparities, the report added, its contribution to income inequality amounts to 41 percent, while contribution of education is reduced to 30 percent. The legacy of colonialism and apartheid, rooted in racial and spatial segregation, continues to reinforce inequality."
Botswana, Eswatini, Lesotho and Namibia , all finish higher on the list of the most unequal countries in the world.
In the region, women earn on average 30 percent less than men with the same level of education with the pay gap as wide as 38 percent in Namibia and South Africa.
The uneven distribution of agricultural land is also a factor driving inequality, especially in rural areas.
According to the report which was produced by the World Bank before the COVID-19 pandemic and its authors used the Gini coefficient as an indicator of income inequality to rank countries. "In Namibia, 70 percent of the 39.7 million hectares (98.1 million acres) of commercial agricultural land “still belong to Namibians of European descent”,