The gender pay gap contributes to underinsurance in women.

Loading player...
South Africa, 1 August 2022: More than a third of women (35%) cite income as their greatest asset (versus 22% of men), yet only 16% have income protection compared to 20% of men. This comes from Sanlam Individual Life’s recent survey of over 900 South Africans, which highlighted the insurance gap between the genders. Women earn up to 35% less than men for work of equal value, impacting their ability to guard against life’s curveballs.

Karen Bongers, Product Actuary at Sanlam Individual Life, says, “According to the United Association of SA (UASA), following the pandemic, the projected time to close the gender gap has gone from 99.5 to 135.6 years. In a country where 38% of households are headed by women, this has major ramifications. The pay gap contributes to women struggling, more than men, to protect themselves against the unexpected, through adequate cover and savings.”
2 Aug 2022 2AM English South Africa Business News · Investing

Other recent episodes

Gautrain at 16: Inside SA’s Most Successful Transport PPP

Gautrain Management Agency CEO Tshepo Kgobe joins us in studio to reflect on 16 years of the rapid rail system that has carried more than 216 million passengers. We go beyond the milestone to unpack operational excellence, affordability, and the future of Gauteng mobility. A deep dive into what it…
24 Jun 4PM 24 min

Building a Business in the Taxi Economy: The Auto Konek Story

Auto Konek founder Siphiwe Dlamini shares his entrepreneurial journey from humble beginnings to becoming a trusted service provider in the taxi and commercial vehicle sector. We explore how he broke into a notoriously tough market, the operational realities of supporting taxi owners, the cost pressures operators face, and the lessons…
24 Jun 4PM 14 min

Construction at a Turning Point: What the ACI Reveals About SA’s Economy

Economist Dr Roelof Botha unpacks the latest Afrimat Construction Index, which shows a marginal 0.3% year‑on‑year rise — but with deeper signals of stabilisation in non‑residential buildings and construction works. We discuss employment resilience, tender activity surges, pressure points in materials and hardware, and what the data says about capital…
24 Jun 4PM 14 min

SA’s Car Market in Digital: Prices, Choices & Value

Cars.co.za’s Alan Quinn unpacks the digital trends shaping South Africa’s car market — from value migration and tax‑driven pricing distortions to the rise of Chinese and Indian brands. We explore what consumers really need to know when navigating one of the most complex buying environments in years.
23 Jun 4PM 12 min

Millennials & Gen Z Rewrite SA’s Vehicle Market

Absa’s Fulufhelo Mandane reveals new data showing a surge in new‑car purchases among young South Africans, despite affordability pressures. We explore shifting preferences, longer repayment terms, and the rise of value‑driven models reshaping the future of SA’s vehicle market.
23 Jun 4PM 17 min