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While the boom is nurturing a tweeting, mobile phone-addicted middle class, in many states it is also entrenching or even deepening inequality between rich and poor.
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Meanwhile, "diaspora communities" in the west - a polite euphemism for black and ethnic minority groups - will be particularly vulnerable to becoming "reservoirs for resentment" as capitalist globalisation continues to deepen inequalities between "winners" and "losers", and thus to operating as fifth column "proxies" for foreign interests.
Many argue that what food inflation has done in effect is to widen the gap between the rich and the poor, deepening inequality.
The result is deepening inequality of wealth distribution alongside greater income inequality.
Nick Dearden, director of the advocacy group Global Justice Now, said the report shows deepening inequality across the continent.
But America is also a country of deepening inequality and growing political corruption.
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Tension and violence over deepening inequality and the slow pace of economic redistribution have weighed heavily on South Africa.
The party is deeply and bitterly divided between those who want to see the current president, Jacob Zuma, elected for another five-year term, and those seeking a fresh start for a party rocked by scandal and fierce public anger over deepening inequality, stark poverty and joblessness.
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