A woman's work never done until the finances are flush, too
Advice is only valuable when it is from someone who is qualified and puts your interests ahead of their own, writes Angelique Ardé
Next week, I'm taking a day off to look after my toddler while his carer attends to a personal matter. I'm using the time to see my financial adviser, with toddler in tow. I expect it will be hairy, but such is life when you're a single mom. I'm not alone. Half of all working metropolitan mothers in South Africa are single parents, according to the latest Old Mutual Savings & Investment Monitor. Only 16% of them receive regular "contributions" from the fathers of their children, the survey found. It riles me. As does the fact that South African women earn 25% less, on average, than their male counterparts. We know that women live longer and carry a heavier burden when it comes to saving for retirement. We interrupt our working lives to have children, and in doing so upset any saving plans. And many South African women (and men) carry the added burden of what is known as "black tax" - paid by black professionals to their families in return for the family's investment in them, or to h...
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