These taxes could finance South Africa’s proposed basic income grant

Policy think-tank the Institute of Economic Justice (IEJ) has published an analysis of a basic income grant for South Africa, and how much it will cost taxpayers.

South African taxpayers panic ahead of planned emigration change

National Treasury and the South African Revenue Services (SARS) has published the 2021 Draft Taxation Laws Amendment Bill, with the draft legislation proposing significant changes that will impact South Africans looking to emigrate.

How much money you need to maintain your lifestyle in retirement in South Africa

Retirement is usually the last thing on the mind of anyone under 35, but experts warn that this lack of forward planning may be to the financial detriment of the millennial generation.

Proposed ‘social security fund’ would cost South Africans an extra R2,750 a month in tax

The opposition Democratic Alliance has warned that the government’s proposal to introduce a new National Social Security Fund (NSSF) will effectively lead to a steep monthly tax on working South Africans.

How much money you need to be an ‘ultra’ in South Africa

Boston Consulting Group’s Global Wealth 2021 report shows that financial wealth in South Africa has picked up over the last year, despite the challenges presented by the Covid-19 pandemic and pressures from lockdown.

‘Exit tax’ to hit South Africans looking to emigrate from 2022

When ceasing their South African tax residency, taxpayers are subject to an ‘exit tax’ which forms part of the emigration process.

South Africa’s richest taxpayers are leaving the country

While the loss of taxpayers has been a growing problem for South Africa over the last decade, the Covid-19 crisis could prove to be a tipping point.

Big changes for emigration in South Africa – what you should know

The concept of ’emigration’ as recognised by the Financial Surveillance Department of the South African Reserve Bank (SARB), was phased out with effect 1 March 2021.

New data shows what it takes to be in South Africa’s richest 10%

New research conducted by the South African Centre for Inequality Studies and the World Inequality Lab reveals how wealth is spread across the adult population in South Africa and how wealth distribution has shifted over the last three decades.

How much money you need to feel financially secure

A survey conducted in the US finds that $516,433 (R7.5 million) in savings is the magic number required to feel financially secure.

New data shows salary and wage movements in South Africa

While business confidence appear to be on the rise based on wage increase decisions, most businesses are taking a measured approach, new data for South Africa shows.

How to retire at 40 – according to JPMorgan’s asset and wealth management leader

“Invest every single dime you have, early and as often as you can.” That’s the advice from Mary Callahan Erdoes, the chief executive officer of JP Morgan Chase’s Asset and Wealth Management division on how to retire early.