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April 25, 2008

Deputy president warns on widening wealth gap

The biggest beneficiaries of post-apartheid South Africa's stellar growth were the rich, a situation that was "politically and economically" unsustainable, deputy president Phumzile Mlambo-Ngcuka said yesterday.


Speaking at the launch of the second annual report of the accelerated and shared growth initiative for South Africa (Asgisa), Mlambo-Ngcuka told an audience of community workers, politicians and diplomats that the "rich have become very rich - both black and white".

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Posted by StaffWriter at April 25, 2008 7:50 AM