Running a Business from Home? Municipal Approval Isn’t Enough
Getting permission from the municipality to run a coffee shop on a residential property might seem like the green light to go ahead. The plans are signed off, the doors open, and business starts to pick up. Then the complaints begin. Neighbours object to the noise and traffic, and a year later, the business is […]
What Does Being a Trustee of a Body Corporate Entail? (Part 1)
When all the trustees of a body corporate resign, the options available to the owners include the appointment of: replacement trustees at a special general meeting. an executive managing agent at a special general meeting or approaching the Community Schemes Ombud service to do so. appointment of an administrator by way of an application to […]
20% of nothing Is still nothing
Despite repeated warnings, Ponzi schemes continue to trap the unwary. Just pause to consider the following headline run in the venerable Financial Times in November 2020: “Investors lose £657 million to fraud.” That’s just in the 12 months to September 2020, up 28% from the year before. Even before the full impact of COVID-19 was […]
Eight Reasons Why Your Business May Get Hacked
No matter how big or small, any business can be a target for cyber attackers. While some business owners think they’re too small to be noticed, the numbers tell a different story. In 2023 alone, over 343 million people fell victim to cybercrimes, and it doesn’t look like it’s slowing down. Any organisation—whether it’s in […]
Tax Planning Strategies for Small Business Owners
Tax Planning Strategies for Small Business Owners As a small business owner in South Africa, managing your tax responsibilities effectively is key to maintaining financial health. By adopting smart tax planning strategies, you can reduce your tax burden and keep your business running smoothly. Here are some practical strategies to consider: Utilise Allowable Deductions One […]
Unlocking the Full Potential of Your Medical Aid
In South Africa, having medical aid is a critical step towards ensuring your health and well-being, but it’s equally essential to maximise the value of your investment. With rising healthcare costs and a multitude of medical aid options available, understanding how to get the most out of your medical aid is essential. In this article, […]
Understanding the two-pot retirement system: Questions and answers
As of 1 September 2024, significant changes have been introduced to the retirement landscape in South Africa with the implementation of the two-pot retirement system. This system allows members of pension funds, provident funds, and related schemes to access a portion of their savings while still working. With this shift, it is essential to understand […]
Key considerations before borrowing money in South Africa
Securing a loan is a common approach for financing various personal and business needs in South Africa, from purchasing property to covering unexpected expenses. However, the decision to borrow money requires careful thought and planning. Here are essential factors to consider before you commit to a loan. Assess your financial situation: Evaluate your needs and […]
How to sidestep common retirement savings mistakes
Saving for retirement is a crucial aspect of financial planning, yet it is fraught with challenges and pitfalls, especially in a dynamic economic landscape like South Africa’s. With the right strategies, however, individuals can overcome these challenges effectively and secure their financial future. This article explores key strategies to avoid common pitfalls when saving for […]
Three Innovative Approaches to Boost Your Retirement Savings
Retirement planning is absolutely key to your financial well-being, but let’s face it, as those golden years inch closer, a lot of us start to worry if what we’ve saved up is really going to cut it. Sure, sticking to the tried-and-true savings plans is essential, but why not think outside the box a little? […]