With more than half of salaried workers left with less than R1,000—or even negative balances—by payday, South Africa’s poverty crisis is worsening. Millions of individuals rely only on credit to cover their basic needs while debt and inflation rise. South Africa has the largest GDP among African nations, yet poverty is increasing. By 2030, more than 13.4 million South Africans are expected to live on less than R40 a day. Extreme inequality, job losses, and a projected VAT hike make survival far more difficult.
chapters
00:00 – intro
01:12 – poverty in south africa
02:15 – income inequality
03:34 – minimum wage & vat
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Drive out the Whites, take their land and then the Diamond market starts to collapse. Good luck maintaining a standard of living. A government that takes land doesn’t inspire investment.