By: Joel Netshitenzhe –
Although income poverty has declined since the advent of democracy, the country’s rates of equality have not improved, writes Joel Netshitenzhe
What are the major trends with regard to income inequality in South Africa? First, income poverty has been declining since the advent of democracy.
Second, functional distribution of national income and with it, income inequality, has not improved. Interestingly, during the period of high growth (2003 – 2008), indications were that the rich were better able to take advantage of the benefits, including the wealth effect.
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