The economic lockdown revealed how financially vulnerable self-employed people are.
Tag - freelancer
Traditional insurance models do not sufficiently cater for those in the so-called gig economy, but FMI is changing that.
Tamsin, one of the contestants in this year's Absa/City Press Money Makeover Challenge, learnt how to manage the rollercoaster ride of a freelancer's irregular income.
The biggest risk for the self-employed is being unable to work due to illness or trauma.
Many people have left corporate employment to start a home-based business or join the gig economy, and this will be the first time that they are facing the challenge of filing their tax return under their new status as freelancers or sole traders.
Applying for a home loan can be a complex process for entrepreneurs or freelancers ‒ people who have uncertain or unpredictable income flows.