Showing posts with category "wealth"

Emigration warning as ANC puts wealth tax back on the table

Experts at Tax Consulting South Africa warn that the ANC’s renewed position on taxing the country’s wealthiest individuals to fund a basic income grant could push them offshore, adding further stra...

A look at the R16 billion mega-development in Cape Town

The first of six towers at a  new mixed-use precinct in Cape Town has “topped out” on the 23rd floor, 95 meters above ground, just 30 months after breaking ground.

Warning to South Africans as finances crumble

The latest Momentum-Unisa Consumer Financial Vulnerability Index (CFVI) showed that the state of consumer finances in South Africa deteriorated in the second quarter of 2022, dipping back into a ve...

How much more these household items cost in South Africa – including deodorant, toothpaste and washing powder

Data from the Household Affordability Index by the Pietermaritzburg Economic Justice & Dignity group (PMBEJD) shows a continuation in food price hikes in July.

You’ve saved R1 million for your retirement – here’s what that looks like in real terms

If you want an income that lasts in retirement, don’t eat the marshmallow. What does this mean? It means being able to say no to an unnecessary purchase today on behalf of a greater prize – financi...

Here is a list of bursaries offered by South Africa’s biggest banks

With 12 out 100 people who start Grade 1 attending universities, private companies offer future graduates a pathway to tertiary education despite its costs.

The rules for building wealth in your 20s in South Africa

Citadel, the specialist wealth management company, asked a sample of young professionals between the ages of 21 and 24 to anonymously submit their most pressing financial questions on how to start ...

Warning: SARS has very broad powers to collect outstanding tax debt

The South African Revenue Service (SARS) has the powers to appoint third parties to collect outstanding tax debts from a taxpayer’s retirement or salary payments, notes Joon Chong, partner at legal...

The world’s best restaurants including three from South Africa

The best restaurant in the world is Geranium in Copenhagen.

These are the cars and homes people under 35 are buying in South Africa

South Africans under 35 are increasingly opting to buy sectional title properties and crossover vehicles, new data from analytics firm Lightstone shows.

SARS has made a small change this tax season – and it’s causing headaches for people leaving South Africa

An ITR-12 checkbox, indicating a taxpayer ceased tax residency in South Africa, is greyed out this tax season. This has confused many eFiling users wishing to leave the country permanently, says sp...

How much it costs to study at South Africa’s top universities

South African universities could see a big change in tuition costs here’s how much the first-year of university will set you back.