Voices | Ways to empower women for financial independence
In fact, 64% of South African women cannot stretch their salaries to the end of the month, and fear what will happen should a financial emergency, like an unexpected medical or transport expense, occur.than their male counterparts do. They also face more financial pressure and indebtedness, due to single parenthood and the gender pay gap – women typically earn 35% less than men for the same work.
While reward programmes and unit trusts rely on commitment from people to constantly use the product to reap the benefits, a solution like EWA can be seamlessly integrated by an employer for the benefit of their employees.Once it has been implemented, employees can then access a portion of their hard-earned wages at any time during the pay cycle – allowing them to avoid high-interest debt and, over time, become financially resilient.
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