A torrent of dissenting views regarding a national minimum wage has been unleashed following Monday's release of Oxfam’s inequality report at its South African headquarters in Braamfontein. The NGO’s report, titled "An Economy for the 99 percent", shows how the combined wealth of three men in South Africa is greater than the wealth of the bottom 50 percent of the country combined; and advocates for progressive wage policies which it says will bridge income and wage disparities. Meanwhile, the report claims the gap between rich and poor is greater than had been feared, detailing how big business and the super-rich are fuelling the inequality crisis by dodging taxes, driving down wages and using their power to influence politics. In South Africa, the richest 1 percent of South Africans have 42 percent of the total wealth. Is this inequality a sign of a broken economy, from global to local, and the lack of will from the government to change the status quo? Lawrence talks to senior research and policy manager at Oxfam, Ronald Wesso and Ian Cruickshanks from the South Africa Institute for Race Relations for more.
11 Aug 2016 | 07:33