Orthofer on SA wealth and income

Given high inequalities in South Africa, there has been much interest in the work of the French economist, Thomas Piketty, suggesting that capitalism naturally leads to a growing wealth-income ratio and unsustainable inequality. Recently, a PhD student at Stellenbosch, Anna Orthofer (supervisor: Stan du Plessis), investigated historical data for South Africa and found that in at least some respects, South Africa does not seem to match the rich countries analysed by Piketty, and that the wealth-income ratio has in fact been relatively low and stable. Read more about this in a recent Financial Mail article.