Finance Minister Enoch Godongwana’s recent budget revealed a deepening deficit of 4.9%, indicating that times are tough. The South African government has racked up an additional R356 billion in debt, and the cost of living is straining economic growth. In an ideal world, we’d all have six months’ worth of […]
For many South Africans, the two-pot retirement system has become a go-to solution for paying off short-term debt and covering expenses like homes and cars. But while fewer people than expected have dipped into their retirement savings, it’s still a cause for concern. Read: Three Ways To Tackle Credit Card […]
As the year wraps up, the festive season comes alive, filled with excitement, family gatherings, and of course, shopping! With Christmas just around the corner, many South Africans are counting down the days to Black Friday – a perfect time to get those holiday gifts sorted without emptying the bank […]
In September 2024, the South African Reserve Bank (SARB) finally delivered some financial relief, cutting its repo rate by 25 basis points (bps) from 8.25% to 8.00%. The rate cut indeed kicked-started a gradual interest rate easing cycle after more than four years without cuts. Although an apparently small adjustment, […]
In a world where every cent counts, discovering affordable grocery stores or supermarket options is cardinal for your overall spending and monthly budget. On the upside, South Africa is home to several fantastic supermarket chain stores renowned for their wallet-friendly prices and enticing deals. In this article, we explore the […]
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 […]
Have you recently been behind on your debt payments? If yes, you may have come into contact with debt collectors. Debt collectors are independent individuals or organisations that creditors hire to follow up with debtors who have overdue repayments. If you are worried that a debt collector will show up […]
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 […]
Do you have a lot of debt and struggle to keep up with your monthly payments, worry not – you don’t have to handle the stress of counting your cents to survive any longer! Believe it or not there are options available that could change the way you spend and […]
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 […]
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