Money makes money and these 10 people have made a lot of it over the years. And by a lot, we mean a LOT! The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. South African-born Elon Musk is the new richest person in the world, having recently surpassed France’s Bernard Arnault. They are followed by United States’ Jeff […]

Tax season 2023 starts this evening (Friday July 7) at 20h00. Individual taxpayers have until October 23 2023 to submit their income tax return (ITR12). Provisional taxpayers have until January 24 2024. TAX SEASON 2023 First things first, SARS insists you must check if you have been auto assessed before attempting to file your tax return. The revenue […]

Money makes money and these three South Africans have made a lot of it over the years. And by a lot, we mean a LOT! The Bloomberg Billionaires Index is a daily ranking of the world’s richest people. The figures are updated at the close of every trading day in New York. In terms of the overall world list, South […]

Reuters: The pound fell against the dollar on Monday as the U.S. currency rebounded from a tumble late the previous week, while traders continued to grapple with what expectations of several more Bank of England rate hikes mean for the British currency. BRITISH POUND FELL AGAINST THE DOLLAR Sterling was last down 0.18% at $1.2669, […]

Reuters: The South African rand weakened around 1% against a stronger dollar on Thursday after the release of the central bank’s quarterly bulletin and producer price index data. SOUTH AFRICAN RAND WEAKENED At 1447 GMT, the rand traded at 18.8350 against the dollar, 0.92% weaker than its previous close. The dollar last traded at 103.17, […]

The tariff hike will introduce another new level of hardship to some property owners but there is something to smile about if you fall under a particular bracket. TARIFF ADJUSTMENT ANNOUNCED IN JOBURG METRO Yesterday, Wednesday, 28 June, City of Joburg MMC for Finance, Councillor Dada Morero, announced that the City will implement new tariffs for key services. […]

Reuters: The dollar index rose on Wednesday following comments from a host of global central bank leaders, including Federal Reserve Chair Jerome Powell, who did not rule out the possibility of another rate hike by the Fed at its next meeting in July. U.S. DOLLAR INDEX ROSE Powell, speaking at a European Central Bank conference […]

The South African rand weakened against 18 of the top 19 currencies we monitor. A degree of ZAR profit-taking activity, coupled with a fresh wave of risk-off sentiment brought a stop to the recent Rand rally. Last week, the global market focus was fixed on the testimony by the US Fed Chair, Jerome Powell. He […]

Reuters: The South African rand gained on Tuesday as analysts speculated the weekend’s aborted mutiny in Russia may mean President Vladimir Putin could skip BRICS summit where South Africa would in theory be obliged to arrest him. SOUTH AFRICAN RAND GAINED The BRICS group of emerging economies, comprising Brazil, Russia, India, China and South Africa, […]

Reuters: The South African rand gained 1% on Monday, as investors watched for potential ripple effects of the aborted weekend mutiny in Russia. SOUTH AFRICAN RAND GAINED At 1210 GMT, the rand traded at 18.6000 against the dollar, around 0.84% stronger than its previous close after strengthening over 1% earlier. The dollar was last trading […]

2023 tax season is very nearly upon us and one of the ways it will be made “easier than ever before,” according to tax authorities, is the 2023 SARS auto assessment. Only certain taxpayers will be illegible for this and if you are one of them, you will receive a notification via SMS or email between Friday […]

Reuters: The South African rand weakened about 1% on Thursday against a stronger U.S. dollar as a spate of interest rate hikes by several central banks fuelled worries about global growth. SOUTH AFRICAN RAND WEAKENED At 1528 GMT, the rand traded at 18.5000 against the dollar, about 1% weaker than its previous close. The safe-haven […]

The Metaverse has emerged as a groundbreaking virtual reality realm transforming how people engage, collaborate, and entertain themselves. It presents an interactive digital landscape where individuals can delve into a three-dimensional universe, fostering exploration, creativity, and social connectivity. Unsurprisingly, this rapid rise in popularity has profoundly impacted numerous sectors, notably the real estate and the cryptocurrency industries. […]

If you are a self-employed person who pays for and runs a vehicle to earn money, we have good news. There are ways to help reduce your annual tax contribution through your car. No one scenario is the same, of course, but let’s say you’ve bought and are paying off your car. You pay annual license fees, […]

OVER THE years, banks and financial experts have called for South Africans to save for the proverbial rainy day. In March last year, that rainy day arrived, as Covid-19 delivered a torrent of financial challenges that left anyone without accessible savings and investments struggling. INSIGHTS INTO THE REAL REASONS FEW SOUTH AFRICANS ARE SAVING A recent study […]

The South African Revenue Service (SARS) has confirmed that the start of the 2023 tax season will be Friday, 7 July at 20:00. The tax season will run until Monday, 23 October 2023 for individual taxpayers, and until Wednesday, 24 January 2024 for provisional taxpayers. As reported by The South African website, SARS will once again use its popular auto-assessments in 2023 which has proved successful in recent […]

Cape Town Mayor signed the dotted line for a €100 million (R2bn) loan from the Agence Francaise de Developpement (AFD) on Wednesday, 21 June. The money will be used in the City’s R43 billion infrastructure budget over the medium term. CAPE TOWN SECURES LOAN FROM AGENCE FRANCAISE DE DEVELOPPEMENT FOR WATER, SANITATION, AND URBAN MOBILITY PROJECTS […]

South Africa-born Elon Musk has extended his lead over France’s LVMH chairperson Bernard Arnault in the world’s richest person list. Musk, 51, who was born in Pretoria in South Africa, has seen his fortune skyrocket this year by $106 billion according to the Bloomberg Billionaires Index. ALSO READ | FAQ: SARS tax season – What must I do if I owe SARS money? […]

South African businessman Johann Rupert is now the wealthiest person in all of Africa. Last week, Forbes Magazine made the announcement after Rupert’s net worth rose to $12 billion (about R218 billion). The mogul now sits above Nigerian billionaire Aliko Dangote who previously held the title of Richest Person in Africa for 12 consecutive years. […]

The South African Revenue Service (SARS) has confirmed that the start of the 2023 tax season will be on Friday, 7 July at 20:00. How Lucky can you get? Bet on Lucky Numbers with payouts up to R15 Million! This year’s tax season will run until Monday, 23 October 2023 for individual taxpayers, and until Wednesday, 24 January 2024 for provisional taxpayers. As reported by The […]

The South African Revenue Service (SARS) has announced the start of the 2023 tax season will begin on Friday, 7 July at 20:00. How Lucky can you get? Bet on Lucky Numbers with payouts up to R15 Million! The tax season will run until Monday, 23 October 2023 for individual taxpayers, and until Wednesday, 24 January 2024 for provisional taxpayers. As reported by The South African […]

Reuters: The pound is set for its biggest weekly rise in six months on Friday after days of economic data and central bank rate decisions, and ahead of the Bank of England’s monetary policy meeting this week. BRITISH POUND IS SET FOR 6 MONTH HIGH At 0900 GMT, the pound was at $1.279, up less […]

Nigeria’s central bank has abolished the country’s multiple exchange rate system and effectively floated the naira currency, the bank said, as new President Bola Ahmed Tinubu revamps the country’s monetary policies. Economists, the World Bank and IMF had long urged Nigeria to abandon the complex exchange mechanism and capital controls put into place under former President Muhammadu […]

As reported by The South African website, Elon Musk earlier this year surpassed former US President Barack Obama as the most followed account on Twitter. And the South Africa-born 51-year-old billionaire has continued to widen the gap over Obama – and the rest of the world on the popular social media platform. ALSO READ | ‘The Elon Musk Show’: Q&A with […]

MONEY, MONEY, MONEY: WELCOME TO BILLIONAIRE’S PARADISE Did you know that the world has around 3 112 billionaires? But if one were to go city by city, only one US top dog takes the number one spot for the city with the most billionaires in the world. That honour goes to the famous “concrete jungle where dreams […]