New research cited by The Conversation and republished by New Zimbabwe says that, more than three decades after South Africa’s transition to democracy, the country still has extreme wealth and land inequality. The research focuses on land ownership patterns and argues that market-based land reform implemented since 1994 has not consistently shifted land and wealth from a white minority to the Black majority as many expected.

According to the reports, although land reform has occurred through policies that include market mechanisms, these approaches have often resulted in white farmers retaining a dominant position in ownership. The findings are presented as evidence that the democratic transition has not delivered the degree of redistribution that would reduce inequality substantially, with land remaining a central issue in ongoing political and social debates.

The sources characterize the outcome as the persistence of unequal land ownership rather than a broad, sustained transfer of agricultural land toward Black beneficiaries. Both outlets rely on the same underlying analysis and present the same core conclusion: that the structure and implementation of land reform has frequently favored those already positioned to participate and benefit from market-led transfers.