Low cost housing delivery is essential - moladi
Delivering low cost housing is essential - moladi Low cost housing delivery is essential - moladi Low cost housing Any discussion on low cost, subsidised housing in South Africa has to take into account the startling fact that South Africa has the worst Gini coefficient in the world, according to Bill Rawson, chairman of the Rawson Property Group. The Gini coefficient is described in a recent The Economist article as an aggregation of the gaps between people's incomes into a single measure. Thus, if everyone in a group (or for that matter in a country) has the same income, the coefficient will be 0. If all the income goes to one person and none to the rest, the co-efficient will be 1. "Speaking generally," said Rawson, "the fewest income equalities are found in the richest countries. Sweden, Germany, Britain and the USA have coefficients of between 0.25 and 0.4. However in South Africa, the figure stands at a very high 0.62, indicating that pro...