Speaker, the EFF notes with horror the recent report released by Oxfam claiming that the inequality gap has widened so drastically since the ANC took over. The report claims that the country's two richest individuals possess more wealth than 50% of the country's citizens combined. It is common knowledge who these individuals are and what their race is. The report further indicates it would take an average platinum miner 93 years to earn what an average mine CEO earns as an annual bonus. The country with the world's largest inequality gap will have 300 000 more people living below the poverty line in the next 5 years if nothing drastic is done to change the economic conditions of the majority of our people.
To add insult to injury, the richest people in South Africa are not abiding by any laws and the powers that be do not have the guts to bring them to account. Of the country's 9 300 people identified as high net worth individuals, only 300 pay their taxes - imagine! This is costing the country an estimated R48 billion a year in potential revenue. [Interjections.] The current economic model is not working for the poor, but for the rich, who just keep increasing their own wealth. The ANC is presiding over a mafia state, a state that milks the poor more and more to feed the insatiable appetite of the rich white monopolies. It is for this reason that the EFF is calling for the radical transformation of the economy. It cannot be that twenty years after democracy our people have seen no change. [Time expired.] [Applause.]