The two-pot system is officially live after being signed into law on 1 June 2024 by President Cyril Ramaphosa. The new two-pot system came into effect on the 1st of September 2024, and many South Africans are rushing to reap the benefits – But caution should be used! Previously, we […]
We’ve seen an increase in debt among South Africans over the past few years, especially during Covid. And with the massive interest hikes on debt, things have gone south for many residents in the past couple of years. There’s some good news and growing relief on the way for struggling […]
September is a beautiful month for South Africans. It marks the turning of seasons and the celebration of our diverse cultures. We’ve got an entire day set aside to celebrate where we come from and how it connects us. The question many South Africans currently have is how they can […]
Money plays a big role in impacting our lives. It not only impacts our financial well-being but also our happiness and sense of security. That being said, there are a lot of South Africans that struggle to reach financial freedom. Instead, they are locked in a constant battle with a […]
Money management is a lifelong journey, but it looks different depending on your age. This is why money management tips are always welcome. No matter whether you are a Baby Boomer about to enter retirement, an overwhelmed Gen Xer trying to balance family and job responsibilities, a striving Millennial, or […]
South Africa’s economic journey in 2024 has been a challenging one. It has been marked by persistent load shedding, global economic uncertainty, and financial pressures on households. Despite these difficulties, the country’s resilience shone through. Now, we’ve learned that it grew better in the second quarter of 2024 and may […]
The South African Revenue Service (SARS) has introduced significant changes to the taxation of retirement fund contributions for the 2024 tax season, effective March 2024. These amendments bring about new rules on taxing contributions, particularly for individuals with assessment periods shorter than 12 months. Read: Your Guide To Tax Season […]
Debt review, a crucial financial relief mechanism in South Africa, has been a subject of debate. While some argue that consumers often enter debt counselling prematurely, it’s important to acknowledge the significant benefits it can bring to those truly in financial distress. Understanding when debt review is the right choice […]
Buying a home is a significant milestone, and for many single women, it’s a testament to their independence and financial stability. While the journey may seem daunting, especially in a competitive market, being well-prepared can make the process smoother. This guide will help you navigate the home-buying process, from starting […]
In a climate marked by economic uncertainty, the South African Reserve Bank (SARB) recently announced its decision to maintain the interest rates unchanged at 8.25%, with the prime lending rate remaining at 11.75%. This decision marks the Monetary Policy Committee’s (MPC) seventh consecutive meeting, where rates have been held steady, […]
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