Planning Topics
South African consumers may be getting less bang for their buck as ‘shrinkflation’ takes hold, with fewer items in their shopping baskets despite paying the same prices. This phenomenon, where prices remain steady, but the quantity or quality of products decreases, has been felt globally. The…
ProfileData takes pride in being one of the leading South African financial data feed solutions providers.“Our specialised local research teams, together with our relations with international exchanges and data providers, allow you access to a wide range of data options for both in-house needs and…
By Manyehlisa Lehohla ANY basketball player who dreams of turning professional will - nine times out of 10 - aspire to play in the pinnacle of the game, the prestigious NBA.While attractive, the lucrative NBA can only accommodate 450 players, meaning other players must earn their keep elsewhere.…
By Haydn JohnsThere is an old saying that goes: “A good man leaves an inheritance to his children’s children.” Leaving a legacy is a timeless principle that is passed on from generation to generation. While financial inheritance is important, it’s also crucial to teach children how to manage wealth…
By Delano Abdoll and John-Paul FraserProposed amendments to the Income Tax Act concerning the two-pot retirement system, were announced by Treasury on August 1, 2024. Coming just a month before the system’s scheduled implementation, these changes have introduced additional considerations for those…
By: Ayanda NdimandeDebt isn’t just a number on a balance sheet. It’s a burden many South Africans carry daily, affecting their overall health and quality of life. According to Debtline, unmanageable debt impacts the mental health of 67% of South Africans.Credit Solutions explores the intricate…
South Africans were cutting back on food and groceries to be able to keep paying for medical aid, insurance, and home security, as the cost-of-living crisis escalated.These were some of the findings of a recent survey conducted by short-term lender Wonga with almost 4 500 South African adults over…
According to www.rateweb.co.za, “Year after year, a large proportion of respondents have been partially or strongly of the view that they will need to continue earning a living after their formal retirement date: 77% in 2020; 74% in 2021; and 71% in 2022 and 2023.”A valuable tool is the use of the…
By Berry EverittOwning a home is a significant milestone in anyone’s life but for women especially, it provides many benefits in addition to long-term financial advantages, and in Women’s Month, it’s a good idea to review some of the most important ones.First, owning a home offers a level of…
Sales adoption of AI (artificial intelligence) is climbing as teams push for productivity and personalisation, according to Salesforce, a cloud-based software company.According to the company, despite the AI adoption surges, there were concerns regarding integration, security, and customer distrust…
Today, the day after Women’s Day, I focus on a sub-group that tends to fly under the radar and that needs all the support it can get from society and the state: single mothers.Most single moms have to juggle the roles of being both breadwinner and caregiver to their children, which is a huge burden…
By: Adrian ModikweThe South African Revenue Service (Sars) plays a central role in promoting tax compliance and ensuring the best overall revenue collection results for the benefit of the fiscus and the public. Optimal revenue collection rates and improved compliance attitudes require collaboration…
iTouch launches new mobile security solutioniTouch – a provider of enterprise customer communications solutions – has announced the launch of its new mobile security solution, Mobile Virtual Identity (MVI). This patent-pending product leverages blockchain-derived technology to mitigate mobile…
Millennials (currently aged 28 – 43 years old) and members of Generation Z (currently aged 12 – 27 years old), have very different needs and expectations in the workplace than their older counterparts. By understanding what these unique characteristics are, employers can harness young peoples’…
Entering the job market for the first time is an exciting milestone for young people, marking the beginning of their professional journeys and financial independence. However, navigating the complexities of personal finance can be daunting.Financial literacy is not South Africans’ strong suit…
When trading on the biggest and most volatile financial market in the world, speed and a safe, helpful trading environment are very important. This is why platforms like IFX Brokers, a South African over the counter (OTC) forex broker registered with the Financial Sector Conduct Authority (FSCA),…
By Phryne Williams Everybody wants it. But it’s hard to find, and even harder to keep. While female representation has improved generally across the Financial Services sector, most board, CEO and C-suite roles remain male-dominated. Whether it is to achieve black economic empowerment targets,…
By: Leonie O'ConnellIn sickness and in health, till death do us part… these kinds of vows are all too easy to break. A marriage may be forever on the day of the union, but the reality is that not all marriages make it to the end. When a marriage heads towards divorce, it’s likely you won’t just…
By Arthur KampThe government of national unity (GNU) established in the weeks following South Africa’s May 2024 National Election has chosen a reform path underpinned by mostly centrist economic policies and respect for the Constitution.GNU and reform-driven growthWhile the domestic macroeconomic…
By Hlengiwe MkhizeOne of the most important factors involved in the financial planning process of owning and running a small business in South Africa is tax management. This quick guide provides an overview of everything you need to know to manage your tax efficiently, and in doing so, save money…