A report by the World Bank shows that South Africa is the most unequal country in the world. It is found that 10 percent of the population owns more than 80 percent of the property.
“South Africa is the most unequal country in the world, ranking first among 164 countries,” the Washington-based group said in a report on inequality in South Africa on Wednesday.
Almost three decades after the end of apartheid, ethnicity has become a major driver of inequality in South Africa due to its influence on education and the labor market. Established in 1910, Botswana, Eswatini, Lesotho, and Namibia all top the list of the most unequal countries in the world.
Women in the region earn an average of 30 percent less than men with the same level of education. In Namibia and South Africa, the pay gap is 38 percent. The report states that unequal distribution of agricultural land, especially in rural areas, has also caused inequality.