In 2018 the world watched as 82 per cent of all wealth created was claimed by the top 1 per cent of the global population. The bottom 50 per cent of humanity saw no increase at all. While one new billionaire was created every two days, one in every four South Africans were living on less than R18 per day – not enough to buy a loaf of bread.
Inequality has always been part of the world we live in, but in the past twenty years the situation has worsened. We have seen the rise of mega corporations, where regional comÂpanies have become global players: power brokers that are richer and more powerful than most countries. This has seen businesses record ever-increasing profits while they pay ever-decreasing taxes. How is this happening?
In South Africa, millions of...
James-Brent Styan is a former journalist and a bestselling author. His first book, written in 2015, exposed the state of Eskom and warned about the future of load shedding in South Africa. His 2018 exposé, Steinhoff: Inside SA’s Biggest Corporate Crash, was a number-one bestseller in both English and Afrikaans. The Dirty Secrets of the Rich and Powerful is his fifth non-fiction title.
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