20% of Nothing Is Still Nothing
Despite repeated warnings, Ponzi schemes continue to trap the unwary. Just pause to consider the following headline run in the venerable Financial Times in November 2020: “Investors lose £657 million to fraud.” That’s just in the 12 months to September 2020, up 28% from the year before. Even before the full impact of COVID-19 was […]
Get paid on time: Five tips for business owners
Get paid on time: Five tips for business owners Small businesses can master the skill of getting paid on time – here’s how. For small and medium businesses, getting paid on time is one of the biggest administration headaches. After all, when customers don’t pay on time, cash flow takes a knock and you need […]
Eight Reasons Why Your Business May Get Hacked
Eight Reasons Why Your Business May Get Hacked No matter how big or small, any business can be a target for cyber attackers. While some business owners think they’re too small to be noticed, the numbers tell a different story. In 2023 alone, over 343 million people fell victim to cybercrimes, and it doesn’t look […]
Benefits of Life Insurance as You Get Older
Benefits of Life Insurance as You Get Older Are you covered for a rising age and declining health? In March 2024, the world was shocked to learn that two British Royal family members were suddenly diagnosed with cancer. This highlighted a universal fact—disease does not discriminate and remains a threat to us all … […]
Three innovative approaches to boost your retirement savings
Three innovative approaches to boost your retirement savings Retirement planning is absolutely key to your financial well-being, but let’s face it, as those golden years inch closer, a lot of us start to worry if what we’ve saved up is really going to cut it. Sure, sticking to the tried-and-true savings plans is essential, […]
Essential Financial Lessons Every Parent Should Pass Down
Essential Financial Lessons Every Parent Should Pass Down . It’s true; financial literacy is as crucial as academic education, and many of us find ourselves reflecting on the lessons we wish were imparted by our parents. Growing up in South Africa, where economic challenges and opportunities coexist, understanding money management from an early age could […]
Key Considerations Before Borrowing Money in South Africa
Securing a loan is a common approach for financing various personal and business needs in South Africa, from purchasing property to covering unexpected expenses. However, the decision to borrow money requires careful thought and planning. Here are essential factors to consider before you commit to a loan. Assess your financial situation: Evaluate your needs and repayment ability The first step …
When to Register Your Business for VAT
There’s a compulsory threshold, but there may be advantages to voluntary registration. Value-added Tax (VAT) registration is a crucial obligation for businesses operating in South Africa. Knowing when to register for VAT is essential to comply with tax laws and avoid penalties. This article discusses the circumstances under which businesses must register for VAT in […]
Can you be fired if artificial intelligence can do your job?
Can you be fired if artificial intelligence can do your job? Social media has been flooded with chatter about the chatbot phenomenon ChatGPT which seems destined to be able to, if not far better do, what humans can! So, what does this mean for employees? Can you be replaced by a bot like ChatGPT? In this article, we take […]
Starting a business in South Africa: Legal requirements and the Companies Act
Starting a business in South Africa: Legal requirements and the Companies Act Starting a business takes careful planning and involves compliance with certain legal requirements. It is important to understand the relevant regulations and legal requirements to be complied with, so you can make sure you do what is best for the business you are […]