South Africa’s Corporatised Liberation
A recent World Bank report, published in March 2018, showed South Africa to be the most unequal society on earth. Seventy five percent of the country’s aggregate wealth is held by the richest tenth of the population, while the poorest half hold a mere 2.5 percent. These 30 million people, in fact, have a total wealth equivalent to the two richest South Africans. The report points out, rightly, that much of this inequality is the responsibility of the racist apartheid regime that ruled South Africa from 1948 to 1994.