Question
South Africa is known as one of the most unequal countries in the world, reporting a per-capita expenditure Gini coefficient of 0,67 in 2006, dropping
"South Africa is known as one of the most unequal countries in the world, reporting a per-capita expenditure Gini coefficient of 0,67 in 2006, dropping to 0,65 in 2015. This is according to the Inequality Trends in South Africa report released by Stats SA. According to the Palma ratio, the top 10% of the population spent 8,6 times more than the bottom 40% in 2006; this ratio reduced to 7,9 in 2015." STATS SA (2020)
The current unemployment in South Africa is 30.1% and continues to moderately increase.
Discuss in detail how the South African government can curtail unemployment and attempt to diminish the inequality. The following key factors must be addressed:
a) Depressed industries
b) Unskilled individuals
c) Under-utilised geographical areas
d) Youth
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