By Thapelo Molefe
President Cyril Ramaphosa has called on world leaders to take decisive action to address global inequality, warning that persistent disparities in wealth and opportunity threaten economic stability, democracy, and global peace.
In his weekly Monday newsletter, Ramaphosa said that South Africa’s G20 Presidency, which began nearly a year ago, has placed equality at the centre of its agenda, alongside solidarity and sustainability.
“If the G20 is going to live up to its mission to tackle pressing global economic and financial issues, then it needs to significantly and urgently reduce inequality,” the President wrote.
Ramaphosa highlighted staggering disparities in global wealth, noting that the richest 10 percent of the world’s population account for more than half of total global income and 74 percent of global wealth.
“These huge disparities are unjust and consign billions of people to poverty,” he said. “Inequality is bad for everyone. It makes the
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