The Prague Post - Unequal South Africa seeks to tackle inequality as its G20 'legacy'

EUR -
AED 4.172533
AFN 72.147498
ALL 94.446414
AMD 416.184199
ANG 2.034179
AOA 1042.422579
ARS 1680.653568
AUD 1.647772
AWG 2.046503
AZN 1.94392
BAM 1.955726
BBD 2.283813
BDT 139.474705
BGN 1.921105
BHD 0.427682
BIF 3384.726811
BMD 1.136157
BND 1.473025
BOB 7.835703
BRL 5.898359
BSD 1.133957
BTN 107.303926
BWP 15.513343
BYN 3.195765
BYR 22268.674564
BZD 2.280513
CAD 1.618018
CDF 2577.93958
CHF 0.92244
CLF 0.026512
CLP 1043.424184
CNY 7.715077
CNH 7.737728
COP 3912.924245
CRC 516.17586
CUC 1.136157
CUP 30.108157
CVE 110.260814
CZK 24.23576
DJF 201.922334
DKK 7.475582
DOP 66.466892
DZD 151.638316
EGP 56.387922
ERN 17.042353
ETB 182.81205
FJD 2.549762
FKP 0.863423
GBP 0.862287
GEL 2.999539
GGP 0.863423
GHS 12.700518
GIP 0.863423
GMD 82.315257
GNF 9935.491624
GTQ 8.649672
GYD 237.190995
HKD 8.907186
HNL 30.341581
HRK 7.53283
HTG 148.262414
HUF 355.156486
IDR 20372.428755
ILS 3.386037
IMP 0.863423
INR 107.388181
IQD 1485.443605
IRR 1562272.497635
ISK 144.201475
JEP 0.863423
JMD 178.592434
JOD 0.805539
JPY 183.862032
KES 147.133961
KGS 99.356303
KHR 4555.766892
KMF 493.092633
KPW 1022.541577
KRW 1752.283149
KWD 0.351572
KYD 0.944964
KZT 551.82905
LAK 24890.055042
LBP 101555.797479
LKR 382.555476
LRD 206.542159
LSL 18.852084
LTL 3.354776
LVL 0.68725
LYD 7.292723
MAD 10.661295
MDL 20.082149
MGA 4736.79932
MKD 61.61368
MMK 2385.400948
MNT 4071.785272
MOP 9.158352
MRU 45.340079
MUR 54.75128
MVR 17.553658
MWK 1966.216699
MXN 20.011357
MYR 4.672335
MZN 72.612193
NAD 18.852084
NGN 1557.212948
NIO 41.727865
NOK 11.203075
NPR 171.684971
NZD 2.012912
OMR 0.43686
PAB 1.133957
PEN 3.845754
PGK 4.974745
PHP 69.666849
PKR 315.373439
PLN 4.286618
PYG 6916.737404
QAR 4.122343
RON 5.235068
RSD 117.349115
RUB 85.096665
RWF 1665.72943
SAR 4.25752
SBD 9.148281
SCR 16.823661
SDG 681.693902
SEK 11.076051
SGD 1.473794
SHP 0.848256
SLE 28.173786
SLL 23824.645554
SOS 648.072544
SRD 42.560928
STD 23516.153224
STN 24.498746
SVC 9.921623
SYP 125.581802
SZL 18.849201
THB 37.950477
TJS 10.5286
TMT 3.976549
TND 3.370872
TOP 2.735594
TRY 52.848676
TTD 7.688708
TWD 36.145468
TZS 2977.510374
UAH 50.898944
UGX 4183.841159
USD 1.136157
UYU 45.268281
UZS 13635.482325
VES 705.272766
VND 29915.578347
VUV 136.135153
WST 3.155989
XAF 655.929211
XAG 0.019883
XAU 0.000285
XCD 3.070521
XCG 2.043622
XDR 0.815765
XOF 655.932097
XPF 119.331742
YER 271.115476
ZAR 18.81311
ZMK 10226.774941
ZMW 20.439224
ZWL 365.842047
  • RBGPF

    0.0000

    61.3

    0%

  • BCC

    5.8600

    77.66

    +7.55%

  • BCE

    0.1600

    23.2

    +0.69%

  • GSK

    -0.9800

    51.09

    -1.92%

  • CMSC

    -0.0450

    22.065

    -0.2%

  • NGG

    1.2600

    82.83

    +1.52%

  • RELX

    -0.0600

    31.15

    -0.19%

  • CMSD

    0.0600

    22.02

    +0.27%

  • RIO

    -1.5500

    94.03

    -1.65%

  • AZN

    2.0000

    183.02

    +1.09%

  • JRI

    -0.0600

    12.57

    -0.48%

  • RYCEF

    -0.1600

    18

    -0.89%

  • BP

    -1.4700

    37.86

    -3.88%

  • VOD

    -0.2400

    13.81

    -1.74%

  • BTI

    0.6500

    61.39

    +1.06%

Unequal South Africa seeks to tackle inequality as its G20 'legacy'
Unequal South Africa seeks to tackle inequality as its G20 'legacy' / Photo: EMMANUEL CROSET - AFP

Unequal South Africa seeks to tackle inequality as its G20 'legacy'

From the scrappy metal shacks packed tightly on the banks of the thin Jukskei river, the sparkly skyline of Johannesburg's richest neighbourhood less than two miles away was another world.

Text size:

Bags of refuse for sale to recycling companies lined a muddy path to a vegetable garden tended by residents of the informal settlement at the foot of the high-rises of Sandton, South Africa's economic hub.

A light powered by a makeshift electrical connection shone at the doorway of the rusted shack where Bryan lived with his wife and nine-year-old son.

"Here in Sandton, there are a lot of people and companies that have money," said the 34-year-old security guard, who would only give his first name for fear of losing his job.

But, "we don't have access", he said with a shrug, a cigarette in his hand.

The backdrop of skyscrapers and shiny office towers was a stark reminder of the gulf separating rich and poor in South Africa, which the World Bank ranks as the most unequal country on the planet.

- 'We need it the most' -

With leaders from the Group of 20 of the world's most powerful economies convening in Johannesburg this weekend, President Cyril Ramaphosa has made the fight against inequality a priority for the summit and pushed for it to be a "legacy" of the first African-hosted G20.

He appointed an expert task force led by Nobel Prize-winning economist Joseph Stiglitz to report to the summit and put his weight behind its recommendation to create a panel to tackle extreme wealth disparities and modelled on the UN's Intergovernmental Panel on Climate Change (IPCC).

"South Africa is owning up to its status as the most unequal country in the world and is keen to use the springboard of the G20 to tackle that," said Isobel Frye, G20 senior policy adviser at Oxfam.

"The fact that it is something that South Africa owns and claims, in a way, gives it greater impetus," she told AFP.

The Stiglitz report found that the world's richest one percent captured 41 percent of all new wealth between 2000 and 2024.

In contrast, just one percent went to the poorest 50 percent, it said.

In South Africa, according to the University of Witwatersrand, the top 0.1 percent owned over a quarter of wealth.

Frye said this was a legacy of colonialism and apartheid.

Unemployment of nearly 32 percent and extreme wage inequality further drove the disparity, she said, with almost one in four households depending on government grants of R500 ($29) a month as their main source of income.

The bus fare to the public school where Bryan sends his son -- in Alexandra, one of Johannesburg's roughest townships -- is about R400 per month ($23).

Just a stone's throw away in Sandton, fees for private schools exceed $10,000 a year.

Bryan hoped his son would one day find a job better than that of his own grandfather, a farmworker, and his father, a gardener.

- 'Opt out'-

Standing out in the business district towering over Bryan's shack is a grandiose, oval-shaped tower called The Marc, its black-and-gold facade reflecting the sunlight.

Inside were luxury shops and restaurants, and an advertising board proclaiming that the entire street was powered by the building's generator, ensuring patrons would "never be left in the dark" by South Africa's patchy electricity supply.

The informal settlement where Bryan lived with his family was not visible from the golden building and had none of these services.

Residents had pooled money to build a shared toilet, he said. "We do everything ourselves."

Asked about the looming G20 summit, he said: "The billionaires that are coming here, I don't think they will do something better for us."

According to Frye, tackling inequalities was essential to ensure the good functioning of democracy.

"If the rich are not taxed fairly, they opt out of democracy," she said.

"We can see that in South Africa: you buy your medical aid, your private education, your security," Frye said. "And so it doesn't matter to you, because you're not part of the system."

U.Ptacek--TPP