Budget 2.0: A Mixed Bag, With Good News for Property “Good in parts” (Like the curate’s egg) Transfer duty threshold increased by 10% You pay no transfer duty if the property you are buying sells for less than the set threshold. The threshold wasn’t increased last year, so this year’s proposed 10% increase from R1,100,000...Read More

Budget 2.0: A Mixed Bag, With Good News for Property “Good in parts” (Like the curate’s egg) Transfer duty threshold increased by 10% You pay no transfer duty if the property you are buying sells for less than the set threshold. The threshold wasn’t increased last year, so this year’s proposed 10% increase from R1,100,000...Read More

Divorce and the New Three-Pot System: Another Risk To Manage “Divorce is the one human tragedy that reduces everything to cash.” (Rita Mae Brown) How will the new “Three-Pot Retirement System” (often referred to as a “Two-Pot System”) affect financial arrangements on divorce? Retirement savings can amount to a significant portion of a marriage’s assets,...Read More

It’s Sick Leave Season – Can You Reject a Dodgy Doctor’s Sick Note? “Many people including workers in South Africa do not have the wherewithal to determine between a qualified doctor, an unqualified doctor and one who is operating illegally. That is why there are regulatory and law enforcement bodies to whom suspicious practices by...Read More

How to Safeguard Your Digital Presence: A Simple Checklist for Website Compliance “It’s important to remember your competitor is only one mouse click away” (Doug Warner) Your website, social media profiles, and other online platforms play a vital role in your business strategy and in staying ahead of your competition at all times. However, it’s...Read More

Budget 2024: Your Tax Tables and Tax Calculator How much will you be paying in income tax, petrol and sin taxes? Use Fin 24’s four-step Budget Calculator here to find out.  The unchanged transfer duty and tax tables, with a note on fiscal drag Unchanged from last year, so taxpayers can breathe a sigh of...Read More

FUNERALS DURING THE COVID-19 PANDEMIC: Is the wrapping of coffins unnecessary? Since the Covid-19 pandemic has made its way to South Africa, the burial of loved ones has not been the same. It has become common practice for coffins to be wrapped in plastic. This is perceived to be a precautionary and safety measure in...Read More

Introduction The National Assembly recently passed the Recognition of Customary Marriages Amendment Bill, which has fundamental financial implications regarding customary marriages in South Africa. The draft bill seeks to amend certain provisions of the Recognition of Customary Marriages Act (the Act) and bring the provisions of the Act in line with the Constitutional Court ruling...Read More