The exchange says this is part of its efforts to improve gender parity and inclusivity
In a move aimed at improving gender equality, Africa’s biggest stock market operator, the JSE, has given all parents, regardless of gender, four months of paid leave.
JSE human resources director Donald Khumalo said the local bourse was convinced the benefits of its policy shift would outweigh the costs. Extended parental leave for both parents is already common practice in Scandinavian countries such as Sweden, which became the first country in 1974 to give both parents time off for child care, and the law in its different formats since then is credited with fostering gender diversity in the workplace.
The JSE’s move comes amid shifts to SA’s labour legislation. As of January, parents, irrespective of gender, are entitled to 10 consecutive days of paid parental leave. This does not apply to mothers, because they are already entitled to paid maternity leave.
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