Investors who have made full use of the annual limits are likely to have built up values over R500 000, aiming for R1 million in five years’ time. 27 February 2025  04:12    /  By  Ernst van Biljon – Efficient Wealth Image: Shutterstock It has been 10 years since the tax-free savings account (TFSA) was introduced in South Africa. […]

South Africa’s prime lending rate has risen to 11% in 2025, with a real interest rate of 8%, placing significant financial pressure on homeowners and prompting calls for urgent rate cuts to support economic growth. Economist Dr. Roelof Botha explained on the Kaya Biz podcast that the government’s number one priority should be lowering the […]

The South African government plans to establish a R100 billion Transformation Fund to foster economic transformation by supporting black-owned businesses and Small, Medium, and Micro Enterprises (SMMEs). This initiative, outlined by Minister of Trade, Industry, and Competition Parks Tau in a recent parliamentary Q&A, will be financed through private sector contributions in alignment with Broad-Based Black […]

Although many South African companies choose to keep employers on beyond retirement age, this could result in serious legal consequences. Employment law experts at commercial law firm Cliffe Dekker Hofmeyr (CDH) recently stressed the importance of employers understanding their legal position regarding employees nearing retirement age. CDH’s employment law director, Phetheni Nkuna, explained to Daily […]

Staff Writer11 June 2022 The South African Revenue Service (SARS) has announced the start dates and details for the 2022 tax season, with the tax authority warning of penalties for South Africans who fail to submit timeously. From a taxpayer perspective, the importance of submitting tax returns, specifically within stipulated deadlines, is supported by the […]