First National Bank (FNB) has announced the launch of eWallet eXtra, a mobile bank account that allows unbanked and underbanked South Africans to use a feature-phone or smartphone to open a bank account without submitting paperwork at a branch. The...
With my son starting his first student job, he needs to upgrade from his kid’s bank account to one that provides a few more transactions. Part of this exercise was to identify what a student, or any young person, needs from a bank account and then...
By Jeremy Burman of Private Client Holdings Are you a provisional taxpayer who recently awoke in the dead of night in a cold sweat with the realisation that you missed the 28 February 2018 provisional tax deadline? Or do you have a sinking feeling...
Christopher Renwick, Attorney at Tax Consulting SA investigates the tax implications of making money from cryptocurrency. Although usually behind the global curve, South Africa seems to be keeping pace with the current Bitcoin trend. This is...
We often complain that we don’t have enough money to save, but it is often the hassle of opening up a savings account and committing to the minimum investment amounts that is the major hurdle. This is especially true for the younger generation who...
Companies sometimes offer free trials in an attempt to entice customers to sign up to a service or to buy a product they’re not familiar with. Trials are prevalent in the services and cosmetics industry where customers are offered free access to...
After publishing an article about increased tax audits and delays in refunds by SARS, and telling the story of a taxpayer who was hounded by SARS for 49c, City Press was inundated by responses from readers adding to the complaints against SARS....
Use an early salary to pay your bills ahead of time. If you were fortunate enough to get paid early this December, before you start spending that salary remember it needs to last until the next payday which can be up to 40 days away! Listen to Maya...
A brief search on Airbnb reveals over 10 000 property listings in Cape Town alone. If you're not already doing it yourself, you probably know of someone who has hit on the golden solution of renting out their property through this internationally...
Recently we wrote about what to do if you believe your data or personal information has been hacked. The question we now ask is whether or not companies are doing enough to secure our data, especially after an estimated 70 million identity numbers...
24 November 2017 is the most important date on the calendar for taxpayers, as this is the deadline for most taxpayers to file their annual tax returns. Each year, more than two million taxpayers leave filing their tax returns to the last minute and hope to get them...
Confused about how to report on your investments to SARS? With the 2017 tax season in full swing, now is the time to get your documents ready, urges Carla Rossouw of Allan Gray Investment Managers. 1. What documents do I need? When filling out your tax return, gather...
SNAPnSAVE is a cashback shopping app that puts money back into your wallet when you buy certain products – irrespective of where you shop. You download the app, select the products you want to book and then have 48 hours to go shopping and scan your till slip to...
Sue Torr, a Director at Crue Invest, has conceptualised the #just1thing campaign to show people how sacrificing something small, like a cup of coffee or manicure, can have a meaningful, positive effect on your bank balance. The saying “short-term pain, long-term gain”...
By Gary Palmer, CEO at Paragon Lending Solutions Death and taxes – the two certainties in life. While we spend a good portion of our time working out, eating right and minimising personal risk to avoid the former, getting too clever in avoiding the latter could cost...
We’re one month into tax filing season, and millions of South Africans are planning to file their annual returns within the given time frame. For many people who have left corporate employment to start a home-based business or join the gig economy, this will be the...
The South African Revenue Service (SARS) has published its proposed amendment to tax the income of South Africans working overseas. If this amendment to the foreign employment income exemption is passed, it may come into effect in 2019. Tertius Troost, tax consultant...
For the last few days I have been trying out the Sanlam MNA NAM bracelet which is marketed as a fashion accessory that makes you think about money. There are two aspects to the bracelet which has been designed by top South African fashion designer Laduma Ngxokolo. The...
I have to confess that the concept of a buy-aid scheme is new to me, yet it is an industry with a turnover of well over R1 billion and annually pays out in the region of R130 million in bonuses to members. Cape Consumers, which recently re-branded as Bsmart, is the...
Receiving relevant financial information when you need it is the holy grail of financial education. If you can reach people at a time when they need to make important financial decisions, you can guide them to make the best decision for their future. How many people...