“The cost of being unprepared is not only short-term pressure. It is the long-term damage caused when reactive decisions become patterns. Interest becomes a tax on future income. Catch-up spending becomes normal. The gap between what you earn and what you keep widens quietly.
I have seen the impact of taking money from the till with the promise of paying it back. It always feels reasonable in the moment. Just this once. Just until the payment comes in, the consequence is always the same. Cash flow issues. And the business owner says, ” But the sales are good, why can’t I pay what I need to pay?
As The Daily Stoic puts it: “When your efforts are not directed at a cause or a purpose, how will you know what to do day in and day out?”
“Introducing stop loss and take profit is another step forward in building a trading platform that blends advanced capability with ease of use,” says Rautenbach. “For us, automation should simplify decision-making, not complicate it. With Clarity, investors can trust that what they set is what the platform aims to deliver, subject to market conditions – executed transparently and communicated with absolute clarity.”
The South African Revenue Service (SARS) processes nearly seven million tax returns annually, supported by
Debt Success may have started with one woman’s pain, but it has grown into a movement of hope. It is a story of resilience, of transformation, and of the belief that financial freedom isn’t only about paying off creditors it’s about building lives of dignity and stability. Sulette Naudé is proof that out of despair can come purpose, and out of purpose can come change that touches generations.
A tax consulting.co.za article highlights the shrinking tax base in South Africa, exacerbated by the Covid pandemic, a situation confirmed by a study from Oxford University. While Mr. Kieswetter asserts that the tax base is not declining due to new registrations, a distinction exists between registrations and actual contributors.
Work with a qualified accountant, labour consultant, or business advisor. You don’t need to know everything, but you do need to know what applies to you.
Running a business without understanding your compliance obligations is like driving with no seatbelt — it might feel fine until you hit a bump.
Cash flow. We all know it’s essential. We all hear the saying: “Cash is king.”
Income Tax in a Nutshell
Income tax is simply a tax on your taxable income. Your taxable income is your gross income (everything you earned) minus any allowable deductions and exemptions.
In today’s highly competitive business landscape, sustainable growth is a critical concern for many companies. However, market saturation, operational inefficiencies, and evolving customer preferences create unique challenges – these challenges can be inflated for small and medium-sized businesses. In this case study, we explore a non-cookie-cutter approach to overcoming growth challenges, drawing from practical examples of how businesses can thrive in even the most competitive markets.
CASPER KRUGER FINANCIAL PLANNERS How did you start your business? To answer this question, I
2024 launches with good news for those fund managers licensed in South Africa looking to easily invest on behalf of clients in forex or global markets who want to maximise their benefits. CMTrading has announced the launch of its PAMM+ platform, an intuitive and easy way to invest with experienced trader support.
“Have interest rates peaked? The answer is a resounding no.”
These were the words of Reserve Bank Governor Lesetja Kganyago in July 2023. The bank cautioned that the longer-term outlook remained uncertain amid the electricity and logistical issues, as well as the pressure on food prices. All these factors pose a risk to inflation and spending. This in turn affects our businesses.
The cryptocurrency landscape was rocked recently when the US Securities and Exchange Commission (SEC) took legal action against Coinbase and Binance – two of the largest crypto exchanges – regarding market capitalisation. This development has sent shockwaves throughout the crypto world and traditional banking systems. Fred Razak, Chief Strategist at CMTrading, shares his thoughts on crypto sector challenges.
National Wills Week (September 11 to September 15), reminds all South Africans of the importance of estate planning. While this annual event serves as a notable reminder, a holistic approach is required to consider the scenarios of the very serious financial and administrative matters that the death of a person leaves behind.
With the ongoing decline in the popularity of cash, the vast majority of businesses in the modern era will need to be able to receive electronic payments of some kind or another. Whether through EFT credits, debit orders, card payments, these businesses will all require a “payment solutions provider” with access to the banks and can facilitate these payments. Unsurprisingly, who one partners with, in terms of the provision of payment solutions, can become an important decision affecting the business’s day-to-day operations and impacting cash-flow and bottom-line profits. The business owner must understand who they are working with and make their decisions for a payment solution partnership from a position of knowledge. Here then, are the five questions you have to ask a payment solution provider before you agree to sign up.
Traveling overseas can be a life-changing experience, but it can also be expensive. For those with limited funds, saving money for an overseas trip can seem like a daunting task. However, with careful planning and a few smart strategies, it’s possible to save money and make your dream of traveling overseas a reality. Here are some tips on how to save money for going overseas with not a big salary:
John started his business after pitching his idea to some friends around the BBQ. He used all his savings for start-up capital, and family and friends provided loans. He could not apply for finance as his credit rating was not strong enough.
John’s scenario is not uncommon in the business environment. According to gviafrica.co.za, 3.3 million of the 5.6 million small businesses in 2018 were categorised as “survivalist firms”.
A few entrepreneurs have pitched their business idea to a group of funders, conducted market research, or developed a business plan and are not prepared to apply for finance.
John can implement some key strategies in his business to be able to apply for finance in the future. These strategies are:
There are few people who can say they have never experienced that moment of fear or embarrassment when their card transaction has failed or been rejected with no explanation.
