Showing posts with category "finance"

How much you should be paying your domestic worker in 2022

Employment and Labour minister Thulas Nxesi has published the new minimum wage for domestic workers in South Africa, with a significant increase introduced compared to prior years.

Miners and banks propel South African stocks on record path

South African stocks headed for a record close as industrial metals producers led gains, while gold miners climbed thanks to haven demand for bullion and bank shares hit the highest since July 2019.

New minimum wage announced for South Africa

Labour minister Thulas Nxesi has published the new minimum wage for South Africa.

New ‘living wage’ for South Africa

While South Africa prepares to introduce a new minimum wage in the coming months, it is unlikely to be sufficient to lift people out of poverty. This can be contrasted to a ‘living wage’, which is ...

VAT and other tax hikes could fund new basic income grant for South Africa

The major domestic event this week will be president Cyril Ramaphosa’s State of the Nation Address on Thursday (10 February), during which he is expected to provide an update on a Basic Income Gran...

The tax changes South Africa should make in February: analysts

One of the most critical questions to be answered in this budget is how the tax burden will be shared between individuals and corporates, says analysts at financial services firm Deloitte Africa.

Here’s how much money top directors in South Africa earn right now

Professional services firm PwC has published its non-executive directors report for 2022, highlighting how much top management is earning in the country right now.

How much money you need to have saved for retirement based on your age

Historically, South Africans have been poor savers. However, the onset of the pandemic, coupled with a historical economic downturn has placed the importance of saving under the spotlight. And for ...

Here are the taxes you probably didn’t know you were paying in South Africa

The South African Revenue Service (SARS) has published its tax statistics for 2021, providing a breakdown of revenue collections in South Africa right now.

Discovery sends medical aid warning to South Africa

The proposed National Health Insurance scheme (NHI) will create significant risk as it limits medical schemes to offering cover only for services not reimbursable by the NHI Fund, says medical sche...

South Africa has published updated tax ‘rules’ – what you should know

The Office of the Tax Ombudsman (OTO) has published its first compendium of taxpayers, rights and obligations in South Africa.

South African crypto traders warned against using top exchange

South Africa’s financial regulator said traders should be “cautious and vigilant” when using FTX Trading, one of the world’s fastest-growing crypto exchanges.