Planning Topics
By Reon Barnard, Tabono CEOSouth African youth make up 63.3% of our country’s population. As the majority demographic, their destiny will largely determine the country’s future. As South Africa celebrated Youth Month, it is important to deeply reflect on the challenges, and opportunities, facing…
South Africa was now on track to exit greylisting in June next year, National Treasury said yesterday.South Africa was grey listed by the Financial Action Task Force (FATF) in February 2023 for not complying with international standards that relate to money-laundering and addressing illicit…
Standard Bank said on Tuesday that “there has been no breach of its system”, though it apologised to customers for delayed responses when calling their call centre following multiple claims from customers about a security breach at the bank.This was after some customers claimed on the X social…
The South African Revenue Service (Sars) has announced July 15, 2024 as the start of the eFiling tax season for provisional and non-provisional taxpayers who are required to file in a tax-return form. Auto-assessments for an expanded pool of taxpayers will run from July 1 to 14, 2024.Sars said…
By: Keletso MpisaneCar accidents are scary and overwhelming ordeals. Unfortunately, they can happen at any place and time. This makes it important for drivers to equip themselves with the knowledge to cope when in a crash.It’s difficult to focus while the shock and injuries of an accident are fresh…
By: John ManyikeAre you searching for savvy ways to secure your family’s financial future? How about ways to give your children the best gift you can – a gift that not even the taxman will be able to touch.Look no further than a tax-free investment account that is accessible through most financial…
By: Phil Le FeuvreTHERE is already a lot of confusion about what the two-pot system is and how it will work. Fund members, remuneration practitioners, unions, and other stakeholders are all seeking answers ahead of its implementation on 1 September this year.Even fund administrators need…
If you’re in the early stages of your working career, you probably know that you should be investing some of your money, even if you’ve adopted the “soft saving” approach taken by many young people. It’s a methodology which prioritises immediate experiences, like holidays, over long-term goals,…
By: Nicolas BothaIn today’s digital age, cybercrime is advancing at an alarming rate. As technology evolves, so do the tactics of cybercriminals. Unfortunately, your South African Revenue Service (Sars) eFiling account is not immune to these threats.Warning SignsRecent reports from Sars highlight a…
For many reasons – including rapid technological advancements and the rising cost of living – having a ‘side hustle’ has become a mainstream reality for a lot of South Africans. In fact, for people who want to steer clear of the 9-to-5 slog and work part-time or on a project basis, side hustles can…
By: Zasha de Lange As the 2024 Income Tax Filing Season approaches, the South African Revenue Service (Sars) has implemented significant updates aimed at simplifying tax compliance.Recently, Sars has increased its focus on the reporting of beneficial ownership information by company and trust…
With education expenses increasing and our ability to save for retirement coming under pressure from inflation, South African families must tread a financial tightrope carefully to secure both their financial well-being and their children’s aspirations, according to Old Mutual.During South Africa's…
FSCA plans to launch a Know Your Rights campaign nationwide.The Financial Sector Conduct Authority (FSCA) has announced that it is set to launch a nationwide Know Your Rights campaign aimed at educating Members and the Boards of Trustees of Retirement Funds, as well as the public, about their…
THE Deputy Pension Funds Adjudicator has recently reprimanded a retirement fund for withholding payment of a withdrawal benefit without affording the member an opportunity to make representations to it as to why the benefit should not be withheld.According to the Office of the Pension Funds…
The recent reversal by the Supreme Court of Appeal (SCA) of a high court decision on liability in the event of cybercrime has far-reaching implications for consumers. It essentially means you need to tighten security measures on your digital devices and be especially cautious when transferring…
South African consumers’ credit appetite continued to grow despite the sustained high interest rate environment.This is according to TransUnion’s South Africa Industry Insights Report for the first quarter released on Tuesday.TransUnion CEO Lee Naik said South African consumers remained resilient…
As a 25-year-old female aspiring to buy a house, I’m eager to start saving for the necessary deposit. Please share some practical tips and strategies to begin saving effectively. Chrisley Botha, Wealth Adviser at PSG Wealth:Embarking on the journey to homeownership at 25 is commendable. Saving for…
The Department of Education has failed its citizens due to the absence of a capable State. The Government of National Unity provides an opportunity to those who believe they can do better.Equal Education (EE) is a youth-led mass democratic movement of learners, post-school youth, parents, teachers…
This is the third article in a nine-part series that summarises findings from Just Retirement Insights 2024, a tracking study conducted by retirement income specialist, Just SA.Only three out of 10 people seek professional financial adviceJust SA’s 2024 Retirement Insights study found that 39% of…
By Debra SlabberWhat are the best investments and where will I generate the greatest return, which areas of the market are the most attractive, what products should I buy, and which providers should I use? Headlines, conversations, and reading material are often centred on investment returns. These…