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Showing posts with the label Black wealth gap in South Africa

The shared struggle between Black South Africans and Black Americans: Where is the generational wealth?

A lack of generational weath places Black Americans and Africans in the same boat By Mona Austin (The Slice): Black South Africans and Black Americans share the challenge of being divided from their counterparts by a gaping wealth gap. In South Africa, much like in America, Blacks built the country, but do not have the economic power to control it. While Black Africans gained control of the goverment in 1994 when apartheid fell, Afrikaners retained economic strength. There remains a wealth gap despite the large poplation of Blacks there (80%) as Whites inherited more business and land. Without a balace of resources alog wit govermenta control Black Africans will always hae less power and so it is in Am,erica. There are over 100 countries on the continent of Africa. It is a land rich with natural resources that intruders stripped from natives. European colonizers paid little or nothing and used Black labor to develop various countries on the continent, which gave them systematic ...