1. South Africa only trails behind Namibia and Botswana as the most economically unequal country in the world.
According to a new report by the World Bank, South Africa has the third highest income inequality in the world, only below Namibia and Botswana. The report used the Gini coefficient, a formula used by the World Bank, and other organizations to measure wealth distribution. Using the formula, a score of 0 signifies perfectly equal wealth distribution, while scores closer to one signify growing inequality. A rating of .4 is considered internationally as an “alert” for high inequality. In 2014, South Africa scored a .59.
South African cities also have the highest Gini coefficient numbers in the world: a 2011 report by the United Nations found that Johannesburg and East London topped the income inequality list with scores of .74. Bloemfontein scored a .74, Pretoria, Port Elizabeth and Durban all scored a .72, and Cape Town scored a .67.