“As I reported in the state of the nation address, the IDC has earmarked approximately R9bn to invest in women-led businesses. Other entities, including the Public Investment Corporation and the National Empowerment Fund, have also committed to establish special purpose vehicles to support women-owned businesses. ”
The president said while government developed business opportunities, it needed to ensure women and men receive equal pay for work of equal value.
“Across the economy, women are paid on average less than their male counterparts. Ending the gender wage gap must be a priority of all social partners, especially government, business and labour.”
Ramaphosa said there were other areas where government is working with partners to improve the economic position of women.
“The Presidential Employment Stimulus programme, for example, has provided work and employment opportunities to more than a million people since it was launched in 2020. Of these more than 60% were women. Similarly, of the 140,000 small-scale farmers to whom government provided vouchers to buy seeds, fertiliser and equipment, 68% were women.
“These initiatives are making a real difference in women’s lives. They are giving meaning to the commitments we’ve made through Generation Equality and other international and continental campaigns. On this International Women’s Day, we should celebrate these achievements, but we must also recognise the gap between the economic position of men and women is still huge,” said Ramaphosa.
The president said the observation of International Women’s Day “must be used to reaffirm our shared commitment to work even harder to narrow that gap and to, within a generation, get rid of it”.
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Ramaphosa calls on government to close the gap between men and women in the economy
Image: GCIS
President Cyril Ramaphosa acknowledged government ought to tackle the challenges that stand in the way of women’s full participation in economic activity.
Speaking ahead of International Women’s Day this week, the president said the country needed to celebrate achievements and progress, and called on the nation to focus on what needs to be done to achieve equal rights and opportunities for women.
“From the beginning we must ensure girls and young women have equal access to education and an equal chance to succeed. They need to be able to pursue studies of their choice, especially in areas that have traditionally been the preserve of men,” said the president.
Ramaphosa hailed that girls and boys are equally represented in primary and secondary education as one of the achievements of the democratic dispensation.
“It is significant that last year more females passed the matric exams and got more distinctions than their male counterparts. There are more female students enrolled at institutions of higher learning than males,” said Ramaphosa.
Despite the great progress, the president said it was yet to translate into the economy, where women are more likely to be unemployed than men.
“About half of all women in South Africa are unemployed, including those who have given up looking for work. Moreover, on average, women still earn far less than men. We must overcome the idea that a woman’s place is in the home. Even women who have jobs are often expected to do housework and childcare, making it more difficult for them to find employment, earn a decent wage, be promoted or start a business,” said Ramaphosa.
The president said this was a situation government was determined to change and it needed to advocate for change across the world.
“The economic empowerment of women is an important pillar of our struggle to end gender-based violence and femicide. We have recognised unequal access to resources and economic opportunity makes it more difficult for women to escape situations of abuse and violence,” said Ramaphosa.
Observing the occasion of International Women’s Day, Ramaphosa called on men and women across society to strengthen the fight against gender-based violence. He said South Africa is actively involved in the UN Women’s Generation Equality campaign, which is mobilising countries and people worldwide to achieve gender equality in this generation.
“South Africa is co-chairing the Action Coalition on Economic Justice and Rights as part of this initiative. Through this we are working for economic transformation that empowers and benefits women. Practically, this means improving access for women to financial services, business opportunities, land and technology.
“On the African continent, we are supporting the adoption of a Protocol on Women in Trade to promote the participation of women in the African Continental Free Trade Area. This is a huge opportunity to enable women-owned businesses to benefit from the rapid growth in trade between African countries over the next few years,” said Ramaphosa.
The president said the country needed to be ready to make use of opportunities that arise on the continent.
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“As a country, we must shift economic power into the hands of women through, among other things, earmarking 40% of all public procurement for women-owned businesses. To achieve this, government has been providing training to women entrepreneurs so they can tender for government work and provide the goods and services government needs. To date, we have trained more than 6,000 women-owned enterprises,” said Ramaphosa.
The president shared that government’s ambition was to open up opportunities for women-owned businesses in the broader economy.
“We held the Women Economic Assembly for the first time in 2021, bringing women-owned businesses and established businesses together to explore partnerships and make deals. The second assembly was held last year. From these events, opportunities for women-owned businesses are being created in several industries. These include agreements for women farmers to provide large retailers with produce ranging from dried chillies to chicken.”
Ramaphosa said a new black women-owned textile manufacturing plant started production in October last year with support from the Industrial Development Corporation (IDC), and as part of the commitment of the motor industry to gender transformation, four new car dealerships owned by black women were launched last year.
“As I reported in the state of the nation address, the IDC has earmarked approximately R9bn to invest in women-led businesses. Other entities, including the Public Investment Corporation and the National Empowerment Fund, have also committed to establish special purpose vehicles to support women-owned businesses. ”
The president said while government developed business opportunities, it needed to ensure women and men receive equal pay for work of equal value.
“Across the economy, women are paid on average less than their male counterparts. Ending the gender wage gap must be a priority of all social partners, especially government, business and labour.”
Ramaphosa said there were other areas where government is working with partners to improve the economic position of women.
“The Presidential Employment Stimulus programme, for example, has provided work and employment opportunities to more than a million people since it was launched in 2020. Of these more than 60% were women. Similarly, of the 140,000 small-scale farmers to whom government provided vouchers to buy seeds, fertiliser and equipment, 68% were women.
“These initiatives are making a real difference in women’s lives. They are giving meaning to the commitments we’ve made through Generation Equality and other international and continental campaigns. On this International Women’s Day, we should celebrate these achievements, but we must also recognise the gap between the economic position of men and women is still huge,” said Ramaphosa.
The president said the observation of International Women’s Day “must be used to reaffirm our shared commitment to work even harder to narrow that gap and to, within a generation, get rid of it”.
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