Beplanning onderwerpe
The Consumer Price index doesn’t mean the same thing to everyone, especially when it comes to living arrangements. According to StatisticsSA, there are 412 basic goods and services in the basket, and they are classified into 12 broader groups, such as food and non-alcoholic beverages, clothing and…
Any good investor knows that one of the most important factors to long-term financial stability and success is to have a trusted strategy, and if there is ever a time in your life where you need a strategy; it's during retirement. Here are 4 steps that outline the basis of a post-retirement…
By Beulah BrownIn today's interconnected global economy, the foreign exchange (FX) market stands as one of the world's most active and dynamic markets, with trillions of dollars in currencies exchanged daily. At the end of 2022, global daily FX trading volume reached a record high of $7.5 trillion…
By Edmond PhiriIn a surprising deviation from the values that guide responsible journalism, Chris Roper and Ann Crotty recently authored articles supporting the arbitrary closure of bank accounts associated with Independent Media. Their arguments, attempting to appear rational, reveal critical…
By Bradley Workman-Davies South African labour laws have been deliberately crafted in order to create a protective regulatory environment for employees. Additionally, labour dispute resolution forums, such as the Commission for Conciliation, Mediation and Arbitration (CCMA), have been deliberately…
Longevity literacy is critical to help women live confidently and securely when it comes to their wind-down years. South Africa’s gender pension gap sits at 26%, reflecting the average difference in retirement income between men and women. Farzana Botha, segment manager at Sanlam Risk and Savings,…
By Tswelopele MakoeTHIS past week, masses of university and Technical and Vocational Education and Training (TVET) college students from across the nation protested against the sudden defunding of over 45 927 students by National Student Financial Aid Scheme (NSFAS).In the Western Cape, countless…
In a world of rapid change and evolving economic landscapes, the importance of preserving and sharing financial wisdom within families cannot be overstated. It serves as a bridge between past experiences and future aspirations, grounding younger members in a foundation of practical knowledge and…
Traditionally, people in a willy-nilly fashion accepted trusteeship, whether it was as a friend or as their client’s accountant, attorney or financial adviser. However, generally speaking, and specifically after the recent legislation changes, one must carefully consider their appointment as…
Your children could be in for a long wait for benefits if they are dependent on the establishment of a testamentary trust on your death.Quite often parents with minor dependents bequeath their assets at death to a trust drafted in their last will and testament, known as a testamentary trust.…
The South African Revenue Service (Sars) reviewed its value-added tax (VAT) registration process in May this year, following an unusual increase in the number of VAT registrations and a significant spike in suspicious registrations. With immediate effect, Sars implemented changes to the VAT…
The Reinsurance of Material Damage and Losses Amendment Act of 1990 was repealed in December 1998 and replaced with the Conversion of SASRIA Act 134, which intended to provide for the conversion of the South African Special Risks Insurance Association (SASRIA) into a public company, with a share…
In South Africa, ensuring longevity literacy – understanding how long we're likely to live – is crucial to empowering women and giving them confidence and financial security during their wind-down years. The country has a substantial gender pension gap of 26%, highlighting the average difference in…
A NEW proposal to ditch the SABC’s TV licences for a ring-fenced tax collected by the SA Revenue Service (Sars) is on the cards as less than a fifth of viewers are paying.According to the Department of Communications and Digital Technologies’ draft White Paper on audio and audiovisual media…
The National Health Insurance (NHI) is poised to play a pivotal role in shaping the trajectory of South African healthcare.Its success or failure will be determined by the strength of its foundation and the collaborative efforts of both the public and private sectors.This is according to the the…
Author: Konrad Szałkiewicz, Country Director Poland, Czech Republic, Slovakia & South AfricaOn World Entrepreneurs’ Day, are you considering starting your own business or wondering where to begin? Setting up on your own can seem like a daunting prospect to many people even though you’ve got…
Sekunjalo’s fight against the South African banks and banking system highlights a significant gap in the regulations and promotes the need for a serious overhaul of the Financial Services Act.The conversation around banks and banking has heated up of late. And as always when reading the media,…
By Feroza PetersenThe arbitrary closure of personal and corporate bank accounts, euphemistically termed “client de-banking”, has become a disconcertingly widespread practice, transcending geographical borders. The United Kingdom’s Financial Ombudsman Service, for instance, recorded 1,389 complaints…
By Xi Jinping, President of the People’s Republic of ChinaAt the invitation of President Matamela Cyril Ramaphosa, I will soon make a state visit to the Republic of South Africa and attend the 15th BRICS Summit. It will be my sixth visit to the promising land of the “rainbow nation”. South Africa…
WHETHER you’re a judge, a politician, a corporation, or an individual, your bank account is never truly safe or immune from arbitrary closure. If it’s not closed now, the haunting question remains: when will the establishment deem you an enemy?Martin Niemöller reflected in a 1946 speech, capturing…