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 […]
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, […]
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 […]
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, […]
In the aftermath of Finance Minister Enoch Godongwana’s recent Budget Speech 2024, South African taxpayers find themselves grappling with an unsettling reality. While the absence of tax rate increases may offer a semblance of relief, the lack of inflation adjustments for taxpayers plunges many into deeper financial uncertainty. Let’s discuss […]
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