Planning Topics
South African youth like many other consumers are feeling the financial pinch of increases in the cost of living and rising interest rates. Consumers are borrowing money to keep going until the end of the month, which can lead to debt if they don’t have finances for the repayments, according to the…
Before you make panic-induced changes to your financial plan or radically adjust your approach to retirement, it’s important to examine the bigger picture, writes Wouter de Witt, founder and director of Gravitas Tax.On 26 May, the SA Reserve Bank, once again, hiked the interest rate by 50 basis…
Huawei, the leading global provider of ICT infrastructure, recently hosted an innovative summit at the Enlit Africa Conference.With a focus on expediting energy development in Africa and contributing to the global transition towards sustainability, security, and efficiency, Huawei unveiled valuable…
If tertiary education and a career path is top of mind, and you need to find out about the options available, get to the Youth Day Expo at Cape Town International Convention Centre (CTICC) on Thursday 15th June 2023, where you’ll find a wide range of tertiary educational institutions and businesses…
The South African coastal property market is booming, and the driving force behind this is semigration – a trend that has resulted in an influx of families relocating to the coast, and the Western Cape in particular. While moving is often an exciting adventure, it can also be a risky one when it…
The past weekend’s Comrades Marathon is described as the ultimate human race. The annual event is a run approximately 90km between Durban and Pietermaritzburg and is considered the world's oldest ultra-marathon. Stuart Green, Analyst, Multi-Manager Solutions, at Platinum Portfolios, a boutique fund…
Is the thought of paying your taxes giving you sleepless nights? Keep your small business in the clear and the taxman at bay with these 8 tips for a stress and penalty-free tax season by Tlali Taoana, Head of Acquisition at iKhokhaTax is a subject that, at best, will illicit yawns and cause eyes…
Getting stranded at the side of a road when your car breaks down due to mechanical failure or an accident can be both a stressful and unpleasant experience, according to Ernest North, co-founder of Naked.It's important for your physical safety to get assistance on-site or arrange for your car to be…
Durban - The country’s biggest trade union federations have welcomed moves to introduce the “two-pot” retirement system which would allow workers to be able to access at least a third of their pensions while they are still economically active.The SA Federation of Trade Unions (Saftu) and Cosatu…
According to medical scheme Profmed, there has been a significant surge in remote working since the pandemic upended workforce dynamics across the world, and with an army of professionals now unshackled from the office, many professionals are working for international organisations and receiving…
By Sumayya DavenhillEvery union has elements of “yours, mine, ours"… And that will certainly apply to your finances. Before you tie the knot, it’s worth figuring out just how similar or different your money styles are, as well as your money plans for the future.Beyond establishing how much income (…
Mbali Khumalo, managing director at Simeka Healthcare, a division of Sanlam Corporate, said at the presentation of Sanlam’s Benchmark 2023 report this week that the research they conducted, had highlighted a concerning trend that South Africans only tend to start focusing on their healthcare after…
Now more than ever, young South Africans need to manage their finances as best as they possibly can and know exactly where their hard-earned money is going, according to Charnel Collins, CEO, National Debt Advisors (NDA).Tech-savvy Gen Z and millennials are using their knowledge of technology and…
South Africans planning to live abroad need to look at their tax residency holistically. William Louw, Director of South African Tax at Sable International, unpacks the important tax questions to consider before leaving. When should I inform the SA Revenue Service (Sars) that I am leaving South…
By Victoria ReuversSouth Africa commemorates Youth Day on 16 June 2023. With this in mind, we thought it prudent to tackle the importance of establishing good financial habits from an early age.The Oxford Dictionary defines the word habit as “a settled or regular tendency or practice, especially…
How do you manage your investments in retirement when you’re drawing an income from them? The eminent American economist William Sharpe called the “decumulation” problem facing retirees the “nastiest, hardest problem in finance”. He noted that the accumulation (pre-retirement) phase is one…
By Laura du Preez The South African Revenue Service (SARS) has imposed penalties amounting to R381 million on 690 000 taxpayers for outstanding returns this year.The tax authority confirmed that some 609 000 of these taxpayers had been penalised for having just one return outstanding. Since…
Johannesburg - While South African fuel prices remain stubbornly high in historical terms, motorists can at least look forward to lower petrol and diesel costs from Wednesday.The Department of Mineral Resources and Energy (DMRE) has announced that the price of both grades of petrol will decrease by…
After the government promulgated onerous amendments to the Trust Property Control Act (TPCA) on December 22, 2022, and issued regulations for its implementation on March 31, 2023, the Department of Justice and Constitutional Development issued a media statement reminding (informing) the public that…
Two rulings against (unnamed) banks recorded in the latest annual report of the Ombudsman for Banking Services show that customers often fall through the cracks of banks’ automated systems, especially when it comes to the repayment of debt. In the first case, the bank clearly transgressed consumer-…