<\/p>\n
You can also listen to this podcast on iono.fm here.<\/p>\n
SIMON BROWN: I\u2019m chatting now with Liza Nolte, new business development manager at AfriGIS. Liza, appreciate the early morning time. An analysis of more than 10 million property transfers dating all the way back to 1995 \u2013 a humongous task, I suspect, but fascinating data that you were able to pull out around women, land, home ownership, and business ownership.<\/p>\n
To be clear, there are different answers in each sector, but I suppose that\u2019s part of why you went looking into the data to understand what the different influences are.<\/p>\n
LIZA NOLTE: Hundred percent. And good morning. I think in this Women\u2019s Month this is really a number worth celebrating.<\/p>\n
Since around 2016 South African women have been buying more homes in their own name than men, and they\u2019ve stayed ahead ever since.<\/p>\n
Read:
SA women beat men in residential property ownership
Female first-time homebuyers overtake men in SA<\/p>\n
SIMON BROWN: That\u2019s a striking number. As you said, I\u2019m thinking when you say they\u2019re buying more homes, that makes sense. Then you say they\u2019re buying more homes than men. This is a striking number in terms of gender identity and gender independence in our economy. It\u2019s huge.<\/p>\n
LIZA NOLTE: Hundred percent. I think there are a few likely reasons why women are overtaking men. Now women are earning and are financially independent in a way they weren\u2019t a generation ago. You now have more women in the workforce, more graduating.<\/p>\n
Social norms have also shifted. Women are buying on their own rather than waiting.<\/p>\n
What we\u2019ve also seen is that men\u2019s-only buying has stayed flat while women\u2019s-only has kept climbing.<\/p>\n
Read:
Major minimum wage victory for women workers
Stokvels help growing numbers of SA women build financial security
Millennial women are pouring into jobs<\/p>\n
SIMON BROWN: I get that \u2013 the men not. That\u2019s homes.<\/p>\n
What are we seeing in terms of land? Land is an emotional issue, perhaps particularly in South Africa. Our history of land is complex and tricky. Where do we see women in terms of land ownership?<\/p>\n
LIZA NOLTE: That\u2019s an interesting one. I think there are two ways to count ownership. \u2018Stock\u2019 is all the property already owned, which is typically built up over generations, still mostly men \u2013 which is about 13% right now. \u2018Flow\u2019 is what\u2019s being bought right now. Where women are at, that\u2019s 38% and leading.<\/p>\n
So women can lead today\u2019s flow while the accumulated stock barely moves, because it takes years for new buying to shift the pile built up over a century.<\/p>\n
But both numbers are true. They\u2019re just answering different questions.<\/p>\n
So think of it like the 13% is about the past and 38% is about the direction that we\u2019re heading into.<\/p>\n
Read:
How can empowering women transform economic growth and business models?
Land reform in South Africa: what the real debate should be about
Ramaphosa: \u2018We need to ensure the full; equal participation of women in the economy\u2019<\/p>\n
SIMON BROWN: I get your point, because this is generational, absolutely. This is not something that changes quickly. The point that you make, though, is that it is directionally going in that right direction, where we are seeing the number increase.<\/p>\n
It\u2019s going to take some time; it might even take a couple of generations. But it\u2019s going in that direction, which is what\u2019s so hugely important.<\/p>\n
LIZA NOLTE: Hundred percent. And what we\u2019ve seen is where it\u2019s happening. In Gauteng the most women are buying. That\u2019s the biggest market.<\/p>\n
But what we\u2019re also seeing from the data is that the fastest growth is in the smaller rural provinces, such as Mpumalanga, Limpopo, Free State, North West.<\/p>\n
The progress is really reaching the places that waited the longest. So we\u2019re seeing real momentum in real communities.<\/p>\n
SIMON BROWN: What about business ownership? To be clear, land is important, homes are very important. But businesses \u2013 there\u2019s almost something different to it, something more nuanced to it. Are we seeing similar sorts of trends in that space?<\/p>\n
LIZA NOLTE: We\u2019re seeing that more women are stepping into business. That\u2019s the momentum. But the honest part is that men are still about twice as likely to own an established business. From the stats we\u2019re seeing 7.9% versus 4.1%. So there\u2019s real progress, but there\u2019s still more to do.<\/p>\n
Read:
For women-owned businesses, the funding gap is only half the problem
Women on boards, income inequality, and the sky\u2019s the limit
Business Partners launches R90m fund to close gender financing gap<\/p>\n
SIMON BROWN: I get that. And that could also perhaps be the broader commitments on women in terms of household and family, and therefore perhaps risk-taking in its entirety.<\/p>\n
LIZA NOLTE: Hundred percent. But we can see that there are definitely big gains being made.<\/p>\n
SIMON BROWN: And that\u2019s the key point. Progress, strong progress. I like your point. We need to understand distinctions between perhaps the stock, the flow, the direction it\u2019s going. The direction broadly seems to be in the right direction.<\/p>\n
We\u2019ll leave it there. Liza Nolte, new business development manager, AfriGIS, appreciate the early morning time.<\/p>\n
#Todays #leading #home #land #business #buyers<\/p>\n","protected":false},"excerpt":{"rendered":"
You can also listen to this podcast on iono.fm here. SIMON BROWN: I\u2019m chatting now…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[272,3438,232,2221,4175,5223],"_links":{"self":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/13503"}],"collection":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13503"}],"version-history":[{"count":0,"href":"https:\/\/stock999.top\/index.php?rest_route=\/wp\/v2\/posts\/13503\/revisions"}],"wp:attachment":[{"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stock999.top\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}