The World Inequality Report produced by a network of social scientists estimated that billionaires this year collectively own 3.5% of global household wealth, up from slightly above 2% at the start of the pandemic in early 2020.
The students would lose their lifetime earning to the tune of $17 trillion, indicating that the global education crisis due to closure of schools during the COVID-19 pandemic is far worse than expected
While some took to online platforms like Facebook, Instagram and WhatsApp to run their business, others had to sit at home and depend on other modes of income as businesses were cut to half.
The economy of Western Cape, South Africa s popular tourism destination that hosts the legislative capital Cape Town, relies on international visitors during the peak season, which starts from December when South Africa is in summer, Premier of Western Cape, Alan Winde.