Page 37 - BOPHELO - Life - 2026
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Public launch: Prof Zembe-Mkabile pictured with His Excellency President Cyril
              Ramaphosa, Minister of International Relations Ronald Lamola, Deputy Minister of
              Health Joe Phaahla, and senior officials from the Presidency and DIRCO.



            41% of new wealth, while the bottom 50% gained only   these findings by launching the report in Parliament, with
            $585 per person. That is more than 2,600 times less than   President Ramaphosa supporting the recommendations.
            the top 1%.                                           The report was covered by major international media,
                                                                  including The New York Times, Bloomberg, The Economist,
                                                                  The Guardian, BBC, and Reuters. It was also presented
            The report also shows that inequality affects many areas   at the G20 Social Summit and the G20 World Leaders
            of life. Rising prices for basic goods, low incomes, and   Summit in Johannesburg in November 2025, giving
            widespread food insecurity, where one in four people   Africa a strong voice in global economic discussions.
            often skip meals, make the problem urgent. It also points   Building on this work, 2026 will see the creation of the
            out that inequality overlaps with other factors like gender,   International Panel on Inequality (IPI), similar to groups like
            race, class, and where people live, pointing to the need   the Intergovernmental Panel on Climate Change. The IPI
            for solutions that consider these differences.        will collect and analyse data on global income and wealth
                                                                  gaps, look at how these gaps link to education, health,
                                                                  gender, race, and geography, and provide clear guidance
            Paths to a More Equal Future                          for governments and policymakers around the world.


            The Committee suggested practical steps to reduce     The IPI marks an important step for ongoing, evidence-
            inequality.  These  include  fairer  taxes  and  trade  rules,   based action on inequality. It also highlights Africa’s
            improving access to healthcare, education, housing,   leadership in shaping solutions to one of the biggest
            and income support, and making food systems and       challenges of our time, ensuring that African experiences
            jobs more fair and sustainable. South Africa highlighted   and research help guide global decisions.


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