Showing posts with category "wealth"

People buying Ferraris and Lamborghinis are not benefitting South Africa: deputy finance minister

Upward income distribution in favour of a few, limits the demand for mass goods and services, says deputy finance minister David Masondo.

February 15, 2022
tags
wealth

South Africa is set to reintroduce an ‘exit tax’ – but don’t be too hasty

While emigration is typically a costly affair, South Africans looking to move also need to consider their retirements and possible regulatory changes going forward.

February 4, 2022
tags
wealth

How many South Africans earn more than R1 million a year

National Treasury and the South African Revenue Service have published the 14th annual edition of the Tax Statistics, providing an overview of tax revenue collections and tax return information for...

February 3, 2022
tags
wealth

South Africa’s taxpayers are leaving in droves, but should expect changes in 2022, says expert

It is looking increasingly likely that government will consider new measures for South Africans leaving the tax net in 2022.

January 24, 2022
tags
wealth

How much money South Africa’s richest 1% controls

Multinational charity group Oxfam International has published its annual wealth inequality report, ahead of the World Economic Forum’s 2021 virtual Davos Agenda starting this week.

January 18, 2022
tags
wealth

Here’s what a R50 million home looks like in Joburg, Pretoria, and Cape Town

While South Africa’s economy continued to feel the full effects of the pandemic in 2021, the country’s residential property market moved from strength to strength, with soaring sales, levelling pri...

January 14, 2022
tags
wealth

The richest people in South Africa at the start of 2022

Data from Forbes’ real-time ranking of billionaires shows that some of South Africa’s richest people continued to grow their wealth in 2021, led by Johann Rupert, whose luxury goods group Richemont...

January 13, 2022
tags
wealth

An alternative option to UK Immigration

Breytenbachs Immigration Consultants has pointed to an alternative means of immigrating to the United Kingdom for those either married to or in a relationship with a British passport holder.

January 7, 2022
tags
wealth

How much money you need to be in the richest 1% in South Africa – and how you compare to others

The World Inequality Lab has updated its wealth database for South Africa and other nations in 2022 – and provides a tool that lets users calculate their wealth relative to others.

January 5, 2022
tags
wealth

4 behavioural biases to avoid when investing: South Africa portfolio manager

When it comes to decisions about investing your hard-earned money, there’s probably nothing more challenging than trying to keep emotions out of the equation.

December 27, 2021
tags
wealth

What you need to know when taking your rands out of South Africa

The National Treasury has placed more emphasis on SARS compliance for South Africans who transfer funds out of South Africa and has removed certain exchange control measures, most notably the finan...

December 23, 2021
tags
wealth

Wealthy business owners are rethinking retirement after the pandemic’s fallout

Wealthy business owners worldwide are increasingly rethinking their plans for retirement in the fallout from the Covid-19 pandemic, a survey found.

December 14, 2021
tags
wealth