Mitigating the 'perfect storm' of financial challenges facing women iol.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from iol.co.za Daily Mail and Mail on Sunday newspapers.
Africa Melane spoke to the product actuary at Sanlam Individual Life, Karen Bongers, about a study they conducted showing that the gender pay gap has resulted in more women being underinsured compared to men.
Daily Maverick 168 weekly newspaper.
The National Income Dynamics Study Coronavirus Rapid Mobile Survey revealed that of the three million South Africans who lost their jobs between February and April 2020, two million were women. Pat Magadla, senior business development manager at Old Mutual Investment Group, says this is particularly a risk for single-income families in South Africa, who are most likely headed by a single mom. “Not only are women at a serious economic disadvantage to start with; single mothers in particular also shoulder enormous responsibility for the wellbeing and financial security of their families – with little or no help,” says Magadla.