The Weekly Shyft: Episode 13

Standard Bank South Africa

It’s the end of August 2021, and this, is the thirteenth Audio Episode of The Shyft Lift, the regular news digest of the App for the globally-minded, based in South Africa. Since it’s Women's Month in South Africa, we’re focusing on a subject which affects us all: the gender investment gap, which is created in part by the gender pay gap. (https://www.youtube.com/watch?v=y031BOvZr7I)

It’s a global Issue. In the UK, just one in five women currently hold an investment, compared to over a third of men. (https://www.youtube.com/watch?v=dAut0DVQyWE)

Women have 30% to 40% less money than men in retirement, despite the fact that they live longer than men. A local survey found that 32% of South African women feel unsure about their retirement plans. (https://www.youtube.com/watch?v=Dkj_jRhPgKE)

A lack of time, confidence, access to the right information, industry jargon, and not knowing where to start are some of the obstacles at play. (https://www.youtube.com/watch?v=oiSKtXnj0B4)

To start some conversations, Jefa – a Latin American startup – is building a challenger bank, specifically designed for women. (https://techcrunch.com/2020/09/16/jefa-is-a-challenger-bank-for-women-without-a-bank-account/)

A new R1.5-billion investment fund, The Mahlako Financial Services Fund, aims to encourage more Black participants in the sector, especially women. (https://www.youtube.com/watch?v=SOZY1x-n5Hc)

A partnership between Standard Bank, and United Nations Women, has seen financial literacy training provided to thousands of women farmers in key African markets. The project aims to empower women through modern farming technologies. (https://www.youtube.com/watch?v=oiSKtXnj0B4)

And we hear an inspiring quote from Olympic Gymnast Simone Biles. (https://www.youtube.com/watch?v=fdt8PfKTE7s&t=364s)

Shyft is an app for global citizens, based in South Africa. It helps you buy, send, and store local and foreign currency - anytime, anywhere, directly from your mobile. Visit getshyft.co.za to download the app. SHYFT operates under the license of The Standard Bank of South Africa Limited, an authorised Financial Services Provider (FSP number 11287).

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