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The Hive serves as a dynamic platform that actively accelerates and provides support for women in business, fostering growth and success.

Resources

https://www3.weforum.org/docs/WEF_GGGR_2024.pdf
https://www.worldbank.org/en/news/press-release/2024/03/04/new-data-show-massive-wider-than-expected-global-gender-gap

GDP and Unpaid Labour

 

The Date for the 2024 Budget Speech has now been confirmed.

While Women’s Unpaid Labour is not included in South Africa’s GDP, it is important to quantify.

The ILO (International Labour Organisation) and one.org Africa estimates Women’s unpaid work to be at 10% -39% of a countries GDP.

Stats SA advises that distribution of GDP across economic sectors 2022, includes Agriculture at 2.83% and Industry at 24.68%. Comparing percentages, the contribution of women’s unpaid labour to the economy must be accepted. At the very least it is more than 3 times what agriculture contributes and probably more than Industry.

When this great participation is not acknowledged a vast percentage of our population and their actual input to the economy is ignored. By ignoring an industry, we do not assist, or ask the opinion of this industry, on how to better and improve conditions. When an industry is not quantified it cannot receive support such as subsidies, economic assistance, infrastructure, education and R&D.

The Social Wage assists vulnerable households, it does not support or pay a wage for the unpaid work of women, some in vulnerable households, some not. It does not afford women equity and autonomy.

It would be interesting to see the impact a Union for unpaid workers would
have.

51.1 % of South Africans are women. And Unpaid work is a part of the lives of almost all, from the girl child to the adult. It crosses race, sexual orientation, disability, religion and economic status. It includes the “employed” and the “unemployed”.

I call on the Minister of Finance, Mr Enoch Godongwana, to acknowledge the contributions made by the unpaid work of women to the economy of South Africa in the Budget Speech 2024.

At The Hive we offer
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Contact daphneyklopper@thehivesa.co.za

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Feb 2024

 

 

 

 

8203

FFCs were issued to Principal and Non Executive Principals according to PPRA 2021/2022 stats

PPRA disaggregates the data further:

294 were issued to African Females

130 were issued to Coloured Females

142 were issued to Indian Females 

1%

"Approximately 1 percent of healthcare research and innovation is invested in female-specific conditions beyond oncology" according to WEF, Health and Healthcare, 21 Feb 2024

78 c

Female owned startups generate 78 cents on every dollar of funding in the first year, whereas male owned startups generate 31 cents. With half the level of investment (or less) women generate more than twice the revenue  

Invisible Women - Cariline Criado Perez

134

years

Based on the 2024 World Economic Forum (WEF) Gender Gap Report, it will take approximately 134 years to achieve full gender parity