Building Financial Resilience in Challenging Times
The Consumer Financial Vulnerability Index Q2 2023(CFVI) report published by Momentum and Unisa1 highlights that South Africans have been grappling with financial vulnerability for an extended period, with various economic factors contributing to this predicament. Financial struggles amidst rising costs As South Africa grapples with the aftermath of the COVID-19 pandemic and a challenging economic […]
Understanding Mortgage Bond Cancellation: Key Steps and Considerations
In South Africa, the process of cancelling a mortgage bond is commonly necessitated when a property is sold or the bond is fully paid off. This procedure is intricate, consisting of several critical steps: Step 1: Notice of cancellation Initially, the property owner must submit a notice of intent to cancel the bond to the […]
Navigating the Second-Hand Car Market
The second-hand car market in South Africa is a thriving and dynamic segment of the automotive industry. According to the 2023 AutoTrader Mid-Year Car Industry Report, in the first six months of 2023 alone, over 263 million vehicle searches were conducted on AutoTrader, indicating a robust interest in used cars. The leading brand is Toyota, […]
The Tax Treatment of Relocation Expenses
Transferring staff? There are tax implications for them … and for you! If your business has branches in different locations, one of the best ways of offering key staff opportunities for career growth is to allow them to relocate. Relocating an existing staff member who has come to know and understand your systems, procedures, and […]