Each year, the Minister of Finance presents the annual budget in a speech which outlines what taxes and duties South Africans will expect to pay over the course of the year to follow. Following the challenges presented by the COVID-19 pandemic and South Africa’s national lockdown, Minister Tito Mboweni this year unveiled several new changes to the way in which South African taxpayer...
Read More..Electricity is essential to every modern home – and regardless of how you access this vital public utility, there’s a good chance that each month your consumption varies as seasons, the weather, and your behaviours change. For that reason, it’s important to understand how we access electricity as a public service in South Africa, and how we can manage this expense month-to-month. It’...
Read More..Apart from property or education, buying a car is one of the most expensive purchases you’ll make during your lifetime. Owning a vehicle gives you the freedom to travel wherever you need to, get to or from work and even help friends or family needing a lift. However, owning a vehicle shouldn’t be considered an investment. Given a vehicle’s value will only depreciate over time – and t...
Read More..2020 proved a difficult year in several ways. Due to the COVID-19 pandemic and national lockdowns around the world, many industries were disrupted and many livelihoods have been impacted. In South Africa, many people have been forced to adjust their financial plans to account for our new reality. While many things have changed in a short period of time, there is much to do to apply t...
Read More..January can be a particularly stressful time for most people when it comes to managing finances. We’re often overwhelmed by annual expenses such as “back-to-school" costs and yearly increases on our existing services or monthly premiums. Reviewing your expenses is a useful habit to keep, and will aid you in understanding where, and how you spend your money each month. Maintaining the...
Read More..Each year, we survey South Africans to understand how they plan to manage their finances over the festive season, where our long summer begins. From polling our respondent's plans from travel to gifting, we aim to unpack just how our nation manages their finances over this period. 2020 has been an unprecedented year in several ways, due to the emergence of COVID-19 and our national l...
Read More..Introducing your child to credit helps to ensure they form healthy habits and use finance responsibly. Our helpful guide lists some great starting points. Understanding the difference between saving and spending Before introducing your child to credit, it’s vital that they have a solid understanding of the differences between saving and spending their money. Setting up practical ste...
Read More..While there are many myths and conceptions around credit, what often remains unclear is precisely what can affect your credit score and feature in your credit report. Your credit report is a record of your borrowing history. When you apply for credit or enter into other agreements (such as renting a property) a lender or party might choose to review your credit report to ensure that y...
Read More..
