|South Africa (Photo credit: United Nations Photo)|
When Apartheid ended in 1994, South Africa moved from an era of institutionalized racial separation to what many believed was an equal society. But today, the rich-poor divide is starker than ever before.
The policies that we adopted, has essentially been the Washington Consensus policies. And these are the same policies that bring about inequality in any part of the world.
But the big problem in South Africa is the historical inequality that we inherited from Apartheid which was not really undone in any way by the new South Africa. Because all we did in negotiating a new dispensation was that we guaranteed ownership of those who had all of the wealth. PressTV...
Inequality damages economies, is divisive and can lead to social unrest, Oxfam International said on Monday.
SA is one of the world’s most unequal societies, with a Gini coefficient of 0,63 in 2011 — a coefficient of zero means a country has complete equality and all households earn exactly the same.