The Distribution of Wealth and Income in South Africa

The decades of oppression both politically and economically cannot be ignored as somewhat of a factor in making the country’s poverty and wealth profile skewed.

And even today despite many ANC policies aimed at closing the poverty gap. The current government with all their in discrepancies and corruption hasn’t put the balance back where it should. And wealth and opportunity remain concentrated in the hands of a few.

And poverty in SA is still largely still a problem mostly among the black population, where instead of improving has worsened. You just have to look at the amount of people who push heavy trolleys on the road with recyclable material to sell. Or stop at the robots and notice the influx of people begging for money from women with their babies to mostly young adults who also offer window washing services to gain money.

And even these days you’ll see a few elderly people of retirement age begging for money at the robots. Showing how unemployment is the biggest driver of poverty in the country. And that poverty is most severe amongst the elderly, young adults and children.

Although there’s evidence to suggest that income inequality has narrowed somewhat only a fortunate few have flourished in the new South Africa. While a large proportion of others have not. The fact that Patrice Motsepe still remains the only black billionaire in SA speaks volume and it also shows just how far the super-wealthy have left behind their compatriots. But the poor cannot sit back and wait for the government to give them a hand out. This sense of entitlement has to change.

One of the best solutions may just be entrepreneurship. And looking at it from both sides of the coin it can be viewed as poor political leadership in the old government days and poor business leadership in the new government.

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