South Africa ranked number one out of 163 and remains the most unequal country in the world according to the World Bank.
The World Bank attributed race as one of the main factors of inequality in South Africa.
They revealed that while a little over 10% of the working population is white, white South Africans earn nearly three times the average wage of black Africans, who constitute three-quarters of the labour force.
Marie Francoise Marie-Nelly, World Bank Country Director for Botswana, Eswatini, Lesotho, Namibia, and South Africa says race is just one factor. She attributed equality of opportunity as another driver of inequality in the country.
She explained, “is the condition of the of the people of the citizen at birth, where they were born, what is the condition of the appearance, their gender and so forth and we see that this is moving from one generation to the next and even if you put some significant effort it makes it quite difficult to change”.
Marie-Nelly believes that levelling the playing field at birth through more inclusive delivery of quality education, health, and basic services is critical to reducing inequality in the region.”
“This report shows that lack of access to key productive assets such as skills and land, is slowing progress towards a more equitable income distribution,” said Pierella Paci, World Bank Practice Manager of the Poverty and Equity Global Practice for Eastern and Southern Africa.