How much save on R5 million bond over 20 years

How much save on R5 million bond over 20 years

The South African Reserve Bank’s (SARB’s) monetary policy committee (MPC) will meet in a little over 24 hours from now – and there’s likely to be some GOOD news for those drowning in debt. For the latest finance news, bookmark The South African website’s dedicated section for free-to-read content The meeting is scheduled for Thursday, 19 September … Read more

How much you’ll save on your bond after next week interest rate cut

How much you’ll save on your bond after next week interest rate cut

The South African Reserve Bank’s (SARB’s) monetary policy committee (MPC) will meet next week – and there’s likely to be some GOOD news for those in debt. For the latest finance news, bookmark The South African website’s dedicated section for free-to-read content The meeting is scheduled for Thursday, 19 September with the announcement due shortly after 15:00. … Read more

Mashatile ‘ready’ to replace Ramaphosa as ANC president

Mashatile ‘ready’ to replace Ramaphosa as ANC president

Paul Mashatile is “ready” to replace Cyril Ramaphosa as ANC president, if he is called upon to do so by branches come the party’s national elective conference in 2027. Mashatile, who replaced David Mabuza as Ramaphosa’s second in command at the 2022 conference, said he had “always been ready to serve” when asked if he … Read more

South Africa’s ‘two-pot’ retirement system to kick in on SUNDAY

South Africa’s ‘two-pot’ retirement system to kick in on SUNDAY

South Africa’s new ‘two-pot’ retirement system will come into effect this weekend on Sunday, 1 September 2024. Judging by questions received by The South African website, there are a number of confused South Africans out there. Read further to help shed some light on the changes ahead. Let’s start with a frightening stat: Less than … Read more

Should South Africans relinquish support to All Blacks?

Should South Africans relinquish support to All Blacks?

If you’re a person of colour (POC) from a South African rugby-fanatic family, you’ll no doubt know relatives who have chosen to support New Zealand’s All Blacks over the country’s national squad, the Springboks. You’ll also understand why a country on the other side of the world has a deep-rooted history and connection with its … Read more

MK Party ‘CEO’ Maseko earns millions sitting at home while suspended

MK Party ‘CEO’ Maseko earns millions sitting at home while suspended

Dr Sifiso Maseko, the uMkhonto weSizwe (MK) Party’s new secretary-general, has raked in millions while sitting at home, after he was suspended with full pay by the Gauteng Department of Health (GDH) over two years ago. Maseko, along with eight other government officials, were suspended between 25 January 2022 and 1 February 2022, after a … Read more

Tax implications of withdrawing from ‘Two-Pot’ retirement system

Tax implications of withdrawing from ‘Two-Pot’ retirement system

Those who intend to withdraw from the savings pot of the new ‘Two-Pot’ Retirement System from 1 September 2024 must be registered for tax, said the South African Revenue Service (SARS). “Those who are not registered must register before they apply to their relevant fund. Tax will be deducted from any amount withdrawn If a … Read more

Who is who in MK Party? Meet top eight leaders of Zuma-led movement

Who is who in MK Party? Meet top eight leaders of Zuma-led movement

It seems uMkhonto weSizwe (MK) Party has finally settled on a group of core leaders who will guide South Africa’s third-largest party as it seeks to build grassroots structures in the run-up to the 2026 local government elections. On Thursday, MK Party held a press conference in Sandton, Johannesburg, where they paraded their leaders and … Read more

‘My EFF membership was renewed in July’

‘My EFF membership was renewed in July’

Economic Freedom Fighters (EFF) national chairperson Veronica Mente has seemingly responded to party president Julius Malema’s demand that members publicly show their loyalty to the Red Berets. On Monday evening, Malema castigated certain members, without naming them, as being silent during a pivotal moment for the party, in light of former deputy president Floyd Shivambu … Read more

South Africa’s ‘two-pot’ retirement system just WEEKS away

South Africa’s ‘two-pot’ retirement system to kick in on SUNDAY

South Africa’s new ‘two-pot’ retirement system, which comes into effect on 1 September 2024, is now less than three weeks away. And judging by questions received by The South African website, there are a number of confused South Africans out there. Read further to help shed some light on the changes ahead. Let’s start with … Read more