Tag: marital status

According to recent research from the Master of the High Court of South Africa, it’s estimated that 15% of South Africans who die have a will in place, which means that five out of six don’t. If you die without a will, your estate will be intestate. This can be a long and drawn-out process, and the assets from your estate will not be in line with what you wanted.

Unmarried, no kids, and a bank balance that’s a little low? Your chances of successfully getting a visa to travel just got slimmer. Not everyone’s equal when it comes to visa applications. Factors such as your marital status, whether or not you have children, ownership of property, how long you’ve worked for the company, your bank balance, and even your social media activity can count against you.

The South African Revenue Service (SARS) has also announced many changes to this upcoming filing season and has already begun auto-assessing taxpayers from 1 July 2023. These changes must be clearly understood by taxpayers, so they can compliantly navigate this year’s filing season.

The 1400+ participants of our South African Consumers’ Financial Reality June 2022 survey results provide various insights concerning their current financial situation. Consumers are experiencing dire financial times, and thus, #SavingsMonth is no celebration this year.