DURBAN – A brand new research on the gender pay hole in South Africa has revealed that black women are much less prone to be employed than different demographics and are paid a lot much less.
The report compiled by Oxfam, a British non-governmental organisation specializing in the alleviation of poverty, signifies that solely three out of ten black women have a job, in contrast with seven out of ten white males.
Titled “Womxn’s Work and Income Inequality in South Africa”, the report paints a vivid image of the monetary inequality in opposition to black women in one of the continent’s powerhouses.
“It would take the pay of 461 black women from the bottom 10 percent of earners to make as much as the average (white, male) CEO takes home in a year. It just takes 23 hours for the average CEO to earn what the average worker earns in a year,’ the report said.
It shows that 10 percent of South Africans own 90 percent of the country’s wealth, meaning that the remaining 90 percent of the population only has 10 percent of the wealth.
The report states that inequalities experienced in the labour market are one of the key drivers of wealth and income inequality in South Africa, accounting for around 80-90 percent of the overall inequality.
“The position of black women remains a vivid and important measure of labour market inequality and resulting social inequality in South Africa,” it says.
“We face these inequalities because of a sexist, classist and racist economic system that only serves the elite few.”
Oxfam South Africa’s govt director Siphokazi Mthathi mentioned the report is a vital step in the direction of understanding inequality and methods to scale back it.
“Insofar as inequality is concerned, have we been able to turn the information that South Africa is one of the world’s most unequal countries into knowledge about what that means and what we should do about it,” Mthathi mentioned.
“While to some extent these issues are inescapable, the first step to any solution is to be aware of the problem.”
African News Agency (ANA)