Consumers in South Africa need to spend around 63% of their take-home pay to service their debt, data from debt counsellor, DebtBusters shows.
The South African Revenue Service (SARS) has started sending out letters to C-level executives in the country as a welcome and introduction to the tax collector's new High Wealth Individual Unit.
Experts at Tax Consulting South Africa warn that the ANC's renewed position on taxing the country's wealthiest individuals to fund a basic income grant could push them offshore, adding further strain to the tax base.
The first of six towers at a new mixed-use precinct in Cape Town has “topped out” on the 23rd floor, 95 meters above ground, just 30 months after breaking ground.
The latest Momentum-Unisa Consumer Financial Vulnerability Index (CFVI) showed that the state of consumer finances in South Africa deteriorated in the second quarter of 2022, dipping back into a very exposed state.
Data from the Household Affordability Index by the Pietermaritzburg Economic Justice & Dignity group (PMBEJD) shows a continuation in food price hikes in July.
If you want an income that lasts in retirement, don’t eat the marshmallow. What does this mean? It means being able to say no to an unnecessary purchase today on behalf of a greater prize – financial certainty and dignity…
With 12 out 100 people who start Grade 1 attending universities, private companies offer future graduates a pathway to tertiary education despite its costs.
Citadel, the specialist wealth management company, asked a sample of young professionals between the ages of 21 and 24 to anonymously submit their most pressing financial questions on how to start building their wealth in their twenties.
The South African Revenue Service (SARS) has the powers to appoint third parties to collect outstanding tax debts from a taxpayer’s retirement or salary payments, notes Joon Chong, partner at legal firm Webber Wentzel.
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