Gender equality, especially in the economic realm, hinges on the empowerment of women. I believe that women’s financial independence is essential for building a prosperous and equal society. As Advocate Mikateko Maluleke, Director-General of the Department of Women, Youth and Persons with Disabilities, rightly pointed out, empowering women economically paves the way for greater opportunities in jobs, access to resources, and personal growth.
History and research have shown that when women thrive economically, nations prosper. In South Africa, this truth has become evident. Women are stepping into leadership roles, contributing to the development agenda, and shaping the future of our country.
South Africa’s efforts to economically uplift women are paying off. Did you know that in 2022, women occupied nearly 25% of executive leadership positions in JSE-listed companies? Additionally, more women are pursuing careers in STEM, with nearly 13% of South African women working in engineering and tech-related fields, breaking the mould of traditionally male-dominated industries. And, on the business front, women now own about 21% of all small and medium enterprises in the country. These figures are more than just statistics; they are the stories of women who have refused to let societal expectations define their potential.
At a recent BRICS Women’s Forum in Russia, Maluleke highlighted South Africa’s commitment to using both government and social resources to drive gender equality. Our country’s focus on women’s economic development isn’t just about closing the gender gap – it’s about creating a solid foundation for future generations. I believe this investment in women ensures that South Africa is positioned as a competitive player on the global stage, attracting investment and fostering innovation.
Women are the backbone of society, building homes, families, and communities. But their influence extends far beyond – they are shaping the corporate world, steering economic policies, and embracing digital transformation to ensure no one is left behind. Yet, we must be mindful of the digital divide. Many women, particularly in rural areas, still lack access to the internet or digital skills, which limits their opportunities.
As we continue to push for digital inclusion, we must address critical challenges such as data privacy, protection, and the risk of leaving vulnerable groups behind. While technology opens doors, it can also create gaps if not carefully managed.
Empowering women in South Africa goes beyond policy. It’s about fostering an environment where they can thrive, lead, and pass on a legacy of empowerment to the next generation. As more women take on leadership roles, particularly in sectors like STEM and business, we are reminded that gender equality is not just a goal – it’s a necessary condition for sustainable progress. Let’s keep pushing for a future where women can lead, innovate, and inspire without limits.