Davos WEF is about the economy of the super rich 1% - Oxfam Inequality Report

Oxfam launched an inequality report to coincide with the World Economic Forum (WEF) in Davos. WEF meeting is due to start in Davos on Tuesday in Switzerland and will run until Friday.

Oxfam says this is the most elitist gatherings and the most expensive economic event on the calendar.

EWN reporter Ziyanda Ngcobo says Oxfam's report talks about the economy of the 1% which rules the whole nation and only benefiting a few.

The report says there are a lot of assumptions that drives the economy of the 1% which owns a total of 42% of South Africa's wealth.

Ziyanda Ngcobo, EWN reporter

They highlighted the fact that global events such as Brexit, WEF and election of Trump are a display of the public anger with inequality that is creating political shock wave across the globe.

Ziyanda Ngcobo, EWN reporter

Take a listen below:


Read More
MDC's Austin Moyo analyses Zanu-PF special congress

MDC's Austin Moyo analyses Zanu-PF special congress

The conference is underway and set to discuss decisions taken at last month's special committee meeting where Mugabe was removed.

Minister Brown warns new Eskom board to be careful 'who they play golf with'

Minister Brown warns new Eskom board to be careful 'who they play golf with'

Brown introduced the new board at a special general meeting on Friday, telling the board to get Eskom back on track.

'Rwanda shows that - when there’s political will -  it can be done!'

'Rwanda shows that - when there’s political will - it can be done!'

Bruce Whitfield interviews Paul Clark (Ashburton Investments) who gives final feedback from WEF Africa after visiting Kigali.

Ramaphosa promotes SA to investors at WEF Africa

Ramaphosa promotes SA to investors at WEF Africa

Stephen Grootes is at the World Economic Forum on Africa and reports on what South Africa's political leaders have had to say.

'We'll know there's real change when the West comes to Africa to borrow money'

'We'll know there's real change when the West comes to Africa to borrow money'

The Money Show’s Bruce Whitfield interviews The Midday Report’s Stephen Grootes who is at the WEF Africa event in Rwanda.

What to expect from WEF Africa 2016

What to expect from WEF Africa 2016

The World Economic Forum on Africa kicks off in Rwanda and Stephen Grootes shares the low down on what the summit has in store.

Popular articles
'This puts pressure on Jacob Zuma to vacate office earlier'

'This puts pressure on Jacob Zuma to vacate office earlier'

The Money Show’s Bruce Whitfield interviews Daniel Silke, Political Economy Analyst at Political Futures Consultancy.

Judge Mlambo: Zuma's application amounts to abuse of judicial process

Judge Mlambo: Zuma's application amounts to abuse of judicial process

EWN Barry Bateman explains the High Court proceeding on President Zuma's application to set aside parts of Madonsela's report.

It's chicken for Joburgers and Durbanites, but what do Capetonians feast on?

It's chicken for Joburgers and Durbanites, but what do Capetonians feast on?

Stephen Grootes spoke to founder and CEO of OrderIn to find out more about South African's eating habits.

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Watch the Guptas pack their bags and run in Nando's inspiring new advertisement.

PSG Chair Jannie Mouton opens up (kind of) about Steinhoff

PSG Chair Jannie Mouton opens up (kind of) about Steinhoff

In 2012 Steinhoff acquired 20% of wealth manager PSG, reportedly infuriating Mouton. Bruce Whitfield interviews him.

[LISTEN] Caller challenges Eusebius on land disposition

[LISTEN] Caller challenges Eusebius on land disposition

‘I need you to provide me with an answer' - John from Edenvale, Gauteng