Tag: income

Credit has long had a bad reputation. For years, it has been associated with financial distress, risky decisions and debt traps. But South African women are rewriting that narrative. Through careful, deliberate borrowing, many are using credit as a tool for resilience – enabling education, covering unexpected emergencies and building a more financially secure future for their families.

In its drive to meet the ambitious 2025/26 revenue estimate of R1.986 trillion, the South African Revenue Service (SARS) has made its expectations clear. Timely, transparent and accurate tax submissions are now the new normal. Central to this approach is the expanded use of third-party data. This applies broadly, including trusts and Non-Profit Organisations (NPOs).

Those in the know say building a house can cost anything from R10,000 to R20,000 per square meter. Factors such as location, quality of the material used, and design complexity can significantly raise costs. High-end houses can cost upwards of R25,000 per square meter. It is a hefty price to pay, but one well worth it.

What are the secrets to a healthy, happy, and wealthy retirement? To answer this, Christine Benz, longtime Morningstar columnist and podcaster, asked 20 retirement thought leaders for insights. Each expert shared a key lesson they believe contributes to success in retirement.

Imagine you’re on a highway with guardrails providing a safety barrier that keeps you from going off course. These guardrails guide you safely to your destination. However, when you reach retirement, the guardrails come off, leaving you uncertain. Which direction should you take to ensure the rest of your journey is safe?

Capitec reports 36% growth in its financial results for the six months ended 31 August 2024, driving headline earnings to R6.4 billion. The nation’s leading retail bank – now with 23 million clients – says its strategic focus and continued investment in digital transformation since 2020, product diversification, and client-centric solutions continue to yield impressive results, positioning it as a trailblazer in South Africa's financial services sector.

Employee benefits such as a retirement fund, healthcare insurance, medical scheme membership, group life and disability benefits are pre-negotiated and agreed upon as part of the employment process and contracting. Typically, these benefits remain in place until the employee-employer relationship concludes through resignation, dismissal, retrenchment, retirement or death.

From 1 September 2024 South Africans with retirement funds have the option to participate in South Africa’s two component retirement system. Qualifying consumers with tax directives will be able to access approximately R100 billion in retirement savings.

South African women are closing the gender gap in entrepreneurial activity. Driven by many factors ranging from perceived opportunity to job scarcity, they are starting businesses which in turn creates employment opportunities for others, with the country boasting one of the highest proportion of women-led companies employing 20 or more people globally.

In the high-stakes world of business, where boardrooms are often dominated by men, navigating a career can be daunting for women. With the right support systems, women can thrive and excel in any professional environment.