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4 July 2019

South Africa: 4IR - the Good, the Bad and the Inequality Gap

opinion

The Fourth Industrial Revolution is an unstoppable force that will have a profound impact on the world. While it will undoubtedly bring many benefits, we must beware it does not increase the already huge gulf between South Africa's haves and have-nots.

Whether for good or bad, we are on the path of a technological revolution that is radically shaping the way in which we relate to the world and to one another. The Fourth Industrial Revolution (4IR) is characterised by an amalgamation of existing and new technologies that build on the blocks of previous industrial revolutions, more so on the Third Industrial Revolution which saw the introduction of automation, computing and telecommunications, among other things.

These 4IR technologies include artificial intelligence, autonomous vehicles, advanced biotechnology, robotics, the internet of things, blockchain, speedy connectivity in the form of 5G and Wi-Fi 6, and 3-D printing.

South Africa is already the most unequal country in the world. Studies and reports, including a World Bank report, have concluded that not only are the majority of South Africans living in poverty, the inequality gap has widened since 1994.

Wealth inequality is consistently high, with the nation's top 1% controlling 70% of the country's wealth...

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