South Africa

Average global CEO pay hit $4.3 million in 2024, reveals new analysis from Oxfam ahead of International Workers’ Day (1 May). This is a 50 percent real-term increase from $2.9 million in 2019 (adjusted for inflation) —a rise that far outpaces the real wage growth of the average worker, who saw a 0.9 percent increase over the same five-year period in the countries where CEO pay data is available.

CEOs of Oxfam together with humanitarian and human rights organizations are appalled by the harrowing developments in Rafah, Gaza’s most populated area where 1.5 million people are sheltering as their last resort - over half a million of them children. If Israel launches its proposed ground offensive, thousands more civilians will be killed and the current trickle of humanitarian aid risks coming to a complete halt.

Oxfam in Ethiopia’s Country Director Gezahegn Gebrehana said: “Oxfam welcomes today’s announcement from South Africa that the Federal Government of Ethiopia and the TPLF have agreed to a cessation of hostilities during African Union mediated peace talks. 

The COVID-19 pandemic has worsened the extreme inequality in Southern African Development Community (SADC) countries and pushed millions into poverty, reveals a new analysis from Oxfam, Norwegian Church Aid (NCA) and Development Finance International (DFI).

One in five people (282m) is now under-nourished and 93 million in 36 African countries are suffering extreme levels of hunger. Women and children are hit hardest. In Sub-Saharan Africa, one in three children under five is stunted by chronic undernutrition while two out of five women of childbearing age is anemic because of poor diets.

Gabriela Bucher: "All of Oxfam is united in grief at the death of Archbishop Tutu. We express our deepest condolences to the Archbishop's wife Leah, their children and grandchildren. We express our condolences to the South African people.

More doses of Covid-19 vaccines have been delivered to the EU, the UK and the United States in the six-week run up to Christmas than African countries have received all year, new analysis from the People’s Vaccine Alliance reveals today.

In reaction to Pfizer’s announcement of voluntary licenses of its COVID-19 oral antiviral treatment Paxlovid to the Medicines Patent Pool, People’s Vaccine Alliance spokesperson and Oxfam America’s Senior Advocacy Advisor, Robbie Silverman, said: “Pfizer’s announcement to voluntarily licence the COVID treatment Paxlovid is welcome but is far from enough." 
 
 

New figures from the Peoples Vaccine Alliance reveal that the companies behind two of the most successful COVID vaccines – Pfizer, BioNTech and Moderna – are making combined profits of $65,000 every minute. The figures based on the latest company reports are released as CEOs from pharmaceutical industry meet for the annual STAT summit —the equivalent of a ‘Big Pharma Davos’— from 16-18 November.

In response to the announcement that AstraZeneca is to move away from the non-profit model for COVID vaccines, Anna Marriott, Oxfam’s Health Policy Manager and spokesperson for the People’s Vaccine Alliance, said: “AstraZeneca is breaking its repeated and celebrated public promises of a non-profit vaccine for all countries for the duration of this pandemic and to never to make a profit in any low- and middle-income country from this publicly funded vaccine."