World Bank reveals South Africa most unequal country in world

Not much has been changed for South Africans even after about two decades of freedom. It is the most unequal country in terms of economy in the world and World Bank adds further in a report that it is more divided now compared to what it was in 1994.

According to the 2018 World Bank report on poverty and inequality the gap between rich and poor in South Africa is most wide compared to other countries where related data exists.

Oxfam South Africa’s democracy and governance manager Mthandazo Ndlovu said apart from economical inequality the people faces unequal access to opportunities too.

He added that it was earlier assumed the South Africans would have better access to health care, land and other essential public services in 25 years of democracy.

However, the World Bank report reveals certain services in the country have improved like that of water, education, health care and electricity since the African National Congress came to power.

The country is going into national elections Wednesday and ANC is learned could be facing an increasingly disillusioned electorate.

According to the 2018 World Bank report on poverty and inequality the gap between rich and poor in South Africa is most wide compared to other countries where related data exists.

The report estimates that richest households in the country are about ten times richer than poor households.

Comparatively the blacks are poorer and according to University of Cape Town’s economics professor Murray Lebbrandt the middle class has hardly grown since 2008 and percentage of black in the segment has hike from 47 percent to 64 percent.

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