Tag: wealth creation

All taxes are wealth taxes. All taxes imply the transfer of wealth from the individual owner to a government agency. The only difference between taxes is the tax base or event upon which the tax is levied, and the difference between the total burden borne by the taxpayers and the amount of revenue actually received by the government.

The currently considered two-pot system to restructure retirement savings to allow for limited pre-retirement withdrawal will encourage the preservation and accumulation of sufficient funds for when people retire.

Inflation has been making a comeback. Not so long ago, it had seemed that we had vanquished (at least in the developed world) this sneaky foe of long-term wealth creators everywhere, thanks to tightly controlled central bank policies and the wonders of inflation targeting.

While some women seem to excel at making their money work for them, others battle from pay day to pay day. With this book, we tap into what these ‘smartwomen’ know that the rest of us can learn from.

Congress of South African Trade Unions (COSATU) General Secretary Bheki Ntshalintshali’s thought-provoking, in-depth piece advocating the ostensible strengths of the government's localisation plans refers ('Ideologues do the jobless a disservice by turning localisation into a swearword', January 9).

Free economies do not come about by chance. They are the result of the conscious creation of a business environment that is conducive to a high level of entrepreneurial activity and that has a minimum of bureaucratic red tape.

Since the start of the pandemic it’s been a relatively awful period in modern human history. No, it’s not quite as deadly as World War II, or quite as destructive, but it’s been destructive none the less. Sadly, the longer it lingers the more damage it will do.

There have been many instances where people have received large sums of money from an insurance pay out and have blown it all unwisely. The TV series I Blew It shows a few examples of this and many have experienced this first hand or seen family and friends go through the same.

The Department of Social Development’s Green Paper on Comprehensive Social Security and Retirement Reform will, if adopted, result in the most harm for those it is ostensibly intended to benefit. We call on government to urgently reconsider any proposals that increase the state’s power over citizens’ financial affairs and urges all South Africans to resist the proposals contained in the paper.

When we think of gender inequality in the realm of money, the perennial pay gap springs to mind. It remains a problem. The 2020 Momentum/UNISA Household Financial Wellness Insights report estimates that, on average, women earn around 30% less than men in similar jobs in South Africa.