RICHEST AFRICANS

Shafik Gabr

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Nassef Sawiris

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Strive Masiyiwa

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Government is failing the poor: SAHRC

by 12/07/2018 08:52:00 0 comments 1 Views

“This practice may inadvertently set the foundations for new patterns of future inequality and economic exclusion within and amongst vulnerable population groups‚” it goes on to say.

Disabled people are particularly at risk of exclusion‚ warns the report. “Government policy and conduct consistently neglect persons with disabilities‚ who constitute approximately 7.5% of the population.”

In terms of the role of private companies‚ the report states: “The private sector is not sufficiently contributing to the transformation of the labour market‚ transformation of the economy more broadly‚ further education in particular‚ or land reform.”

The report found that the wealthiest 10% of South Africa's population earns seven times more than the bottom 40%. It advised that attention be placed on redistributing the “extreme wealth” accumulated by the very few at the top.

During a briefing about the report on Thursday‚ the commission’s CEO Tseliso Thipanyane said 10% of South Africa’s population owns 90% of the country’s wealth.

Elaborating‚ Thipanyane said about 60% of South Africa’s black population live in poverty‚ while only one percent of the country’s white population falls into the same economic bracket.

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