South Africa: Cape Town's Course of Injustice - Subsidising the Rich to Exclude the Poor

analysis

In the face of the worst housing affordability crisis in South Africa, the City of Cape Town continues to subsidise the rich by renting out prime land at massively discounted amounts for private use - land that could be used to reverse the City's apartheid legacy.

In November 2019, StatsSA released the Inequality Trends report, which found that South Africa is the most unequal society in the world. The report shows that inequality follows racial, gender and spatial lines, and is deepening every year - with a small population of the wealthy elite getting richer, and the poor and working class getting poorer.

The key finding of the report is that in 2015 the median income of the average South African was a mere R13,546 per year. This means that half of the population earns less than this amount annually - roughly R1,130 a month. In stark contrast, the report also found that the wealthiest 10% of the population earn almost 60% of the income and own almost 95% of the country's wealth. The bottom line is that inequality has remained stubbornly high and the majority of South Africans are struggling to make ends meet.

One of the primary drivers...

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