oa Civil Engineering = Siviele Ingenieurswese - Financial inequality in South Africa
Have government's policies failed?
Are we better off than 15 years ago? : market perspective
There has been a lot of discussion around the Gini-coefficient and its implications for South Africa in recent weeks. For those who are not familiar with this parameter, the Gini-coefficient is a measure of statistical dispersion and is often used to measure the inequality of income or wealth in a country (a coefficient of 0 indicates perfect equality in income or wealth, whereas a coefficient of 100 indicates total inequality). Results of a survey published in August show that amongst the countries surveyed, South Africa has one of the highest Gini-coefficients at 57,8 (Wikipedia Free Encyclopedia) compared to India (36,8), Brazil (57), Nigeria (43,7) and the Peoples Republic of China (46,9). It also seems that in 15 years our Gini-coefficient has changed little.
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