Beplanning onderwerpe

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Sweden’s government said this week it planned to abolish a tax on plastic bags as of November 2024, a move heavily criticised by environmental groups. “We’re convinced that the Swedish people use plastic bags wisely in their daily lives and that there’s no reason they should be extra expensive,”…

An insurance company has challenged national payment system rules that allow debit order reversals on bank accounts, saying it is losing money that it rightly owns.Last week, the Gauteng High Court considered an application by insurance group Clientèle that the Payments Association of South Africa…

South Africans are growing their digital wealth. A recent survey by Singapore cryptocurrency exchange TripleA estimated there to be 5.8 million cryptocurrency owners in South Africa. Of these, 46% each hold more than R10 000 in crypto assets, while 12% own more than R100 000.If you are a crypto…

Mangosuthu Buthelezi, the politically towering Zulu prince, unyielding tribal chief and forever combative South African politician who established the IFP, an enduring Zulu nationalist formation and moulded it into a formidable political force, all the while being its eternal public avatar, has…

Daily blackouts, more recently for up to 10 hours a day, have prompted many South African households to invest in alternative power sources including solar systems, generators, and trusty inverters and UPS devices. However, no investment is without risk and insurance players have urged homeowners…

By Harry ScherzerWhen it comes to forex in a South African context, how can South African businesses and high-net-worth individuals (HNWI) ensure that they are receiving the best service possible and secure the best rates? It is estimated that the local daily forex trading volume in South Africa is…

PEP said that approximately 15 million cash transfers were processed this way each year via CashSend from ABSA and Instant Money offered by Standard Bank. The affordable brand retailer added that the vast majority of money transfers were processed as intended and without incident and that only…

Personal Finance would like to offer our valuable readers an introductory offer to a 3-month subscription to the Independent On Saturday, Saturday Star or the Weekend Argus at a special rate of 30% less than our cover price. Personal Finance appears in the regional print publications every…

Food inflation remains at nearly twice the inflation rate for all goods and services in spite of overall inflation moderating, according to the latest edition of the Essential Food Pricing Monitoring (EFPM) Report released by the Competition Commission yesterday.Commission spokesman Siyabulela…

While September saw massive fuel price hikes in South Africa, early data from the Central Energy Fund showed further financial strain ahead for motorists. The data pointed to further increases in the price of fuel for the month of October, with petrol possibly going up by 80 cents or more and…

It is National Wills Week, the annual national awareness campaign championed by the law society, that looks into one very important part of estate planning - having a will.By making a will you ensure that your assets are disposed of in accordance with your wishes after your death. This privilege is…

During the last two-and-a-half years, the pandemic has forced the world of work to change profoundly. The global Covid-19 lockdowns meant that businesses across the world were forced to adapt to a remote set-up almost overnight, regardless of their size and scale. But they also created a…

Renewed hope that a low-cost benefit option (LCBO) framework will soon become a feature of the South African healthcare funding landscape offers a practical step towards achieving quality healthcare for more people until the National Health Insurance (NHI) is fully realised. The industry regulator…

Whether you celebrate spring on September 1 or on the 22nd – to coincide with the spring equinox – the start of the new season brings an opportunity to clean out the clutter. It’s also a great time to clean up your financial affairs, starting with your insurance.This is the view of Lizo Mnguni,…

New data released by Statistics South Africa shows that the number of household crimes such as housebreaking, home robbery and vehicle theft in the 12 months preceding the interview increased compared to 2021/22. Crimes experienced by individuals have also increased, except for consumer fraud and…

At the recent South African Institute of Taxation (Sait) Tax Indaba, trusts were on the agenda again. In conversation, the message of the South African Revenue Service (Sars) was loud and clear – new measures they have put in place are aimed at giving SARS the assurance that trusts are run as…

The Financial Sector Conduct Authority (FSCA) recently published its Communication 21 of 2023 – Publication of names of employers with arrears contributions. The communication provided the names of 3262 employers that contravened section 13A of the Pension Funds Act, which prescribes the way the…

By Adelle du Plessis Income arising in a South African trust that is distributed to a beneficiary within the same tax year is treated as the income of the beneficiary, irrespective of their tax residence. Effectively, the trust is disregarded. The current proposal seeks to forgo the regime in the…

By Lyndwill ClarkeAccording to 2022 statistics from the Master of the High Court of South Africa, more than 70% of South Africans do not have a will and are unaware that this could leave their dependants and families in dire straits when they die. The Financial Sector Conduct Authority (FSCA) is…