Showing posts with category "wealth"

How much money you need to retire comfortably in South Africa, according to experts

The 2021 edition of the 10X Retirement Reality Report points to a deteriorating pension outlook for South Africans.

October 12, 2021
tags
Wealth

More South Africans expected to move to Mauritius as borders reopen

A sharp uptick in demand for property in Mauritius is anticipated as the borders reopened to vaccinated South Africans on 1 October, says Séverine Dalais-Pietersen, a marketing executive for Seeff Mauritius.

October 8, 2021
tags
Wealth

Here are the biggest revelations from the Pandora Papers leak

An unprecedented leak of financial records known as the Pandora Papers has revealed the offshore financial assets of dozens of current and former world leaders and hundreds of politicians from Asia and the Middle East to Latin America.

October 4, 2021
tags
Wealth

Bad news for South Africans with cash stashed in Mauritius

The Mauritius Revenue Authority (MRA) recently announced that foreign trusts held in Mauritius will no longer be exempt from income taxes.

September 22, 2021
tags
Wealth

A 200 year old bottle of South African wine – still in drinkable condition – just sold at auction for a record price

Multiple records were smashed during a virtual live auction facilitated by Strauss & Co this week, featuring 5 iconic single bottle lots of South African wines.

September 15, 2021
tags
Wealth

South Africa’s wealthy taxpayers are leaving in their thousands: CEO

South Africa’s tax base is steadily declining as more of the country’s skilled professionals look overseas for greener pastures, says Izak Smit, chief executive of the Professional Provident Society (PPS).

September 15, 2021
tags
Wealth

Time is running out for South Africans to apply for a Golden Visa to this country

Emigration is such a hot topic, especially after events like the recent riots in KZN and Gauteng. Just last week it was announced that South Africa’s unemployment rate had surged to a record 34.4% in the second quarter of 2021 and that is not considering the effects of the July unrest.

September 11, 2021
tags
Wealth

What is the perfect salary to be happy?

Piya Sachdeva, an economist at global investment manager Schroders, writes about the connection between money and happiness and investigates what other factors are at play in our lives.

September 8, 2021
tags
Wealth

How South Africa’s middle class is taxed – with ‘hidden’ fees piling up

Trade union Solidarity has published a new report focusing on the tax burdens of South Africa’s main income groups.

September 8, 2021
tags
Wealth

South Africans plan to take their money out of the country ahead of proposed ‘exit tax’

A survey conducted by the Expatriate Petition Group (EPG) shows that a significant number of South Africans living abroad plan to take their money out of the country due to concerns around proposed retirement changes.

September 3, 2021
tags
Wealth

What a basic income grant will actually cost South Africa

The Financial and Fiscal Commission (FFC) says that the Covid-19 pandemic and introduction of the R350 Social Relief of Distress grant has provided some impetus for the discussion of a basic income grant in South Africa.

August 30, 2021
tags
Wealth

SARS is done asking nicely

The National Prosecuting Authority (NPA) is issuing summonses to taxpayers with outstanding tax returns as part of a continued compliance drive by the South African Revenue Service (SARS).

August 27, 2021
tags
Wealth