A 2014 report conservatively estimated that violence against girls and women costs the South African economy between R28.4 billion and R42.2 billion per year, or between 0.9% and 1.3% of our GDP annually.
Measuring the costs of such violence demonstrates how it drains resources from many already scarcely-resourced sectors but also presents significant costs to businesses and the private sector, all levels of government, civil society as well as academic institutions.
On Wednesday the Oliver and Adelaide Tambo Foundation, in collaboration with Absa, will host a webinar on the impact of violence against girls and women on the South African economy.
The webinar will examine the financial impact of such violence not only on women and girls, but on society in general and the entire economy. The conversation will delve into the extent of the problem, from the use of state resources such as the police, the burden on the healthcare system to the cost on the private sector and academia.
The discussion will be facilitated by Cape Talk’s Refilwe Moloto with input from the following experts Lisa Vetten, a PhD fellow at Wits City Institute, Baba-Tamana Gqubule, a senior economist at Trade and Industrial Policy Strategies, Nomkhitha Gysman, a gender specialist and Busisiwe Sithole, the head of transformation, diversity and inclusion at Absa.
The discussion starts at 2pm on Wednesday (October 14) and you can watch or register to view here.
The first webinar for the foundation took a deeper look at technology and explored both the positive and negative, unintended consequences of the digital age. The third webinar, which will take place next month, will look at courageous and ethical leadership.
The foundation hopes this series will provide in-depth analysis and insights into how we as a country can contribute towards building a new, more inclusive economy that redresses some of the historical and current structural challenges that face South Africa.