Tag: household income

E-commerce, e-tail or online shopping – whatever you call it, its adoption among South Africans has almost reached ubiquity, sitting steady at 6% of the total retail pie (on and offline purchasing), with 86% of online consumers (49% of which have a household income of less than R10,000.00 per month) reporting that they have purchased online. This is according to the sixth annual South African Customer Experience Report.

Paying monthly contributions to a registered medical aid scheme ensures your healthcare cover and offers financial benefits facilitated by the government through tax relief. This tax relief, known as "tax credits", is a percentage deducted from your tax liability and subsequently refunded to you.

Affordable housing remains a complex challenge, with varying interpretations of what ‘affordable’ actually means. According to the World Bank, housing is considered affordable when it costs below 30% of the average household income.

Financial stress. Lower productivity. Poorer profitability. It’s a slippery slope that South African employers have to manage. The inaugural 2022 State of Employee Wellbeing Barometer says the impact of financial stress on business profitability is a slippery slope that South African employers have to manage.

Broad-Based Black Economic Empowerment (B-BBEE) funded bursaries are the answer to South Africa’s staggering youth unemployment rate. How can we fix youth unemployment in South Africa? One of the greatest challenges we face, has been called a ticking time bomb on more than one occasion.

While South Africans continue to grapple with the economic pressure of ongoing lockdown restrictions combined with the aftermath of looting and riots, residents of Durban, Cape Town and Johannesburg are also feeling the impact of municipal rate hikes.