EDITORIAL | Politicians must listen to what we need, not tell us what we want
The recent riots and looting have shown that small deeds by individuals can make a difference
When it comes down to the value of every cent spent — and how big the economic divide can be - two reports just a month apart paint a vivid picture of how different the experience is for people on opposite sides of the coin.
In August, the South African Centre for Inequality Studies and the World Inequality Lab released a study on how wealth was spread across the adult population in the country. It showed the top 10% owned 86% of the aggregate wealth — and the top 0.1% close to one-third.
“The top 0.01% of the distribution — about 3,500 individuals — concentrate 15% of household net-worth, more than the bottom 90% as a whole,” the authors said, adding the levels of inequality were found in all assets, such as housing and pension funds...