Planning Topics
By: Cor Kraamwinkel, Lenee Green, Lerato Lamola, Margaret Vermaak and Mieke VlokTHE South African Revenue Service (Sars) is increasing its scrutiny of crypto traders by issuing tax notices and clarifying exchange control regulations. Traders must comply immediately to avoid penalties.Recent…
Andile Masuku At this year’s Fintech for Inclusion Global Summit, hosted by Accion in London last week, I found myself caught between two opposing forces: the polished, well-intentioned rhetoric of financial inclusion advocates on one hand, and a nagging sense of dissatisfaction with how narrowly…
By: Morné Janse van RensburgSouth Africa's Two-Pot Retirement System, introduced on September 1, fundamentally changes how retirement savings can be accessed and taxed. This system divides retirement contributions into two pots: a "Retirement Pot" (two-thirds) for long-term savings and a "Savings…
By: Bryan NicolTHINKING about what happens in the event of your passing may feel like a morbid thought, but if you own a business, it’s an important consideration that should not be neglected.When you pass away, your assets go to wherever your will says they must go to. And if you don’t have a…
When was the last time you bought something with physical cash or wrote out a cheque? In fact, how often do you even have to do transactions on your laptop rather than your phone? When did you last have a one-on-one appointment with your insurance broker? Pick any area of finance and you’ll likely…
By: Amrith BishoonIf you think a will is only for the rich or famous, or that drawing up a will is an expensive or complicated process, think again.More than half (51%) of South Africans surveyed in the 2024 Sanlam Legacy Survey don’t think they need a will because they don’t own enough to justify…
Preliminary amount of R4.1bn applied for in two pot systemThe South African Revenue Service (Sars) has announced that it has received a total 161,607 tax directive applications.This includes the directives which have been cancelled. 159, 853 relates to Savings Withdrawal…
Next week is National Wills Week, as promoted by the Law Society of South Africa, during which many law firms will draw up your will for free, provided it’s not too complicated.So in today’s column, I thought I’d go over a few basics concerning estates and wills.What is your estate?The word “estate…
By: Thomas BerryTHIS Heritage Month, many South Africans will gather to celebrate and recognise our rich cultural diversity, traditions, languages, and practices that define who we are as a nation. While we reflect on our past, it is also a time to think about the future, especially how we can…
The Pension Funds Adjudicator has taken to task an employer in the security sector for failing to remit all provident fund contributions on an employee’s behalf to the fund.Muvhango Lukhaimane, the Pension Fund Adjudicator, ordered the employer Vetus Schola Boland (Pty) Ltd to pay arrear…
By: Nicola MawsonEvery modern Godfather, it seems, has a trust fund located in the Cayman Islands allowing them to sock away cash from the Revenue Service – or creditors with baseball bats.Trusts can legitimately be set up to preserve assets. Perhaps the most common one, leading to the term “Trust…
According to Wikipedia. “Just transition is a framework developed by the trade union movement to encompass a range of social interventions needed to secure workers' rights and livelihoods when economies are shifting to sustainable production, primarily combating climate change and protecting…
If you’re thinking of buying your first home, this may be a good time to do so, but don’t put it off for too long – there are signs that the residential property market will see a turnaround in months to come, after what have been a gloomy few years.Next week’s anticipated announcement by the South…
South Africa was greylisted in 2023 by the global financial crime watchdog, the Financial Action Task Force (FATF), created under the Group of Seven countries (G7) to combat international money laundering and, after 2001, terrorist financing, for not complying with international standards. This…
HONOR’s IFA keynote was mainly about the Magic V3. With its folding smartphone, the global brand was deliberately looking to compete with Samsung and the recently launched Galaxy Z Fold 6.The global technology brand showed more than just the Magic V3 at the IFA Berlin 2024, Germany,…
HONOR, a global leader when it comes to smart devices, has brought a number of innovations to the IFA Berlin 2024 industrial exhibition.HONOR is constantly adapting its offers to consumers’ changing requirements.“HONOR stays close to consumers and understands the challenges they face,” said…
Global technology brand, HONOR, has earned 39 Best of IFA awards after showcasing its technological leadership with multiple innovative products at the IFA Berlin 2024 in Germany. The global technology brand showed more than just the Magic V3 on Thursday. Contrary to expectations, the Magic V3 did…
There’s no question about it – these are tough financial times for many South Africans, so finding ways to reduce expenses is top of mind for many households. Having insurance as a financial safety net is an important safeguard in times of uncertainty, but the cost of having the right amount of…
The South African Revenue Service (Sars) says it has received applications amounting to R4.1 billion in the two-pot retirement system. In a statement on Wednesday, it said it has received a total 161 607 tax directive applications.“This includes the directives which have been cancelled. 159…
By Mariska RedelinghuysWHEN discussing the value of the financial profession, financial advisers are often compared to medical doctors and are sometimes even called “financial doctors”. The reason behind this is that financial advisers look after the financial challenges of clients in much the same…