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International Monetary Fund
by https://www.imf.org/
Six Charts Explain South Africa's Inequality.
Article Written by Kgati Mogashoa 02 April 2023.
By using the widely-used Gini index to quantify inequality, South Africa ranks among the most unequal countries in the world. A lopsided income distribution, unequal access to opportunities, and regional inequities are all signs of inequality. Rising unemployment and slow economic development are factors in the continuance of inequality.
The South African government has employed a variety of strategies, including progressive fiscal redistribution, to combat the persistent levels of inequality that have afflicted the nation. More social expenditure, targeted government transfers, and affirmative action to spread asset ownership and encourage entrepreneurship among the once underprivileged have been the main strategies utilized to alleviate inequality. Reforms that support job creation, inclusive growth, and private investment must be implemented in addition to these measures.
Here are six graphs that illustrate the disparity in South Africa:.
References
International Monetary Fund
by https://www.imf.org/ 2023.