Over the last thirty years, women in South Africa have made substantial progress in education and employment, alongside significant changes in marriage and household models.
According to a recent publication by Statistics South Africa, between 1996 and 2022, the improvement in equality of rights has been reflected in increased educational attainment, greater participation in professional sectors, and higher visibility of women in leadership positions.
The organization noted that despite persistent challenges, such as a higher unemployment rate among women compared to men, the resilience and achievements of women have contributed significantly to shaping South Africa's democratic and developmental trajectory.
Census data indicates that this change extends beyond mere trends in real estate or labor markets; it points to a deeper transformation in how women are educated, where they work, which households they head, and what relationships they choose, all of which impacts their ability to earn and manage finances.
Education is a Priority
Changes began in the field of education. The proportion of women aged 20 and over who obtained a matric certificate increased from one-sixth in 1996 to nearly 40% in 2022. The percentage of women with qualifications above the matric level doubled—from 6.4% to 12.8%.
Furthermore, women surpassed men in certain indicators of educational growth. StatsSA found that around 2010, women began overtaking men in progression from grade 9 to grade 12, and also surpassed men in transitioning from matric to a bachelor's degree.
The agency emphasized that over the past three decades, South Africa has achieved significant progress in expanding women's access to education. From 1996 to 2022, school attendance among young women grew steadily, reflecting both expanded access to learning and the country's commitment to the principle of equal rights.
The agency added that this progress has not only narrowed the gender gap but has also positioned women as key drivers of socio-economic development, as more women complete secondary education and attend higher education institutions than ever before.
Entering the Labor Market
These changes were accompanied by a transformation in the types of employment women hold. The number of working women increased from 5.5 million in 2001 to 6.8 million in 2022. The share of women working in the formal non-agricultural sector rose from 50.7% to 69% over the same period.
The number of women employed in the financial sector almost doubled—from 502,000 in 2001 to 987,000 in 2022, while employment in public and social services grew from 1.2 million to 2.3 million.
StatsSA noted that this demonstrates the vital role women play in the economy, the labor market, and South Africa's overall development. However, progress has not eliminated all obstacles: the unemployment rate among women rose from 27.9% in 2001 to 35.6% in 2022.
Changing Household Structures
Household structures have changed parallel to workplace shifts. In 1996, women headed 37.8% of households, whereas by 2022, this figure reached 49.5%.
There has also been a significant shift in women's marital status. The proportion of women aged 15 and older who have never been married increased from 44.7% in 1996 to 57.1% in 2022, while the proportion of married women decreased from 38.8% to 25.6%. Cohabitation increased from 4.9% to 8.2%.
For women, this combination makes the issue of financial independence more pressing, especially when income, assets, and long-term savings must support a household rather than supplement another person's finances. These changes lay the groundwork for growing attention on how women accumulate capital independently.
Savings and Investments
Anchor Capital pointed to a broader shift in women's wealth creation, noting that they are increasingly building capital through careers, entrepreneurship, disciplined saving, investing, and property ownership.
The organization stated: 'Women are not just inheriting wealth; they are increasingly creating it. Women tend to invest disciplinedly, adhere to long-term plans, and avoid unnecessary portfolio turnover. This behavior can become a powerful driver of compound interest over time.'
The property market shows one clear aspect of these changes. BetterBond Home Loans registered over 43,000 mortgage applications from women in 2024 and 2025, with more than half of them being first-time buyers. The number of applications where the woman was the primary loan applicant increased by 18% between 2024 and 2025.
Mari Lindemann, Chief Operating Officer of BetterBond Home Loans, commented: 'As more women assert their financial independence and utilize their purchasing power, we are seeing strong activity in this market segment.'
BetterBond data showed that women applying as the primary borrower spent an average of R1.3 million on housing. Earlier data indicated that more women under 35 were buying homes independently.
Lindemann added: 'Women marry later, if at all, and many postpone starting a family. They do not wait for a ring or a spouse to buy property.'



