Understanding South Africa’s Debt Landscape in 2025 South African households are drowning in debt. Nearly 39% expect to miss at least one payment this year. Credit card rates now exceed 20%, while personal loans range from 15-28% annually. The average consumer juggles multiple debts: credit cards, store accounts, personal loans, and vehicle finance. With rising … Read more
Two-Pot System Withdrawal: Tax Implications Explained for South African Consumers The introduction of the Two-Pot Retirement System in South Africa marks a significant shift in how retirement savings are managed and accessed by employees and contributors. Implemented on 1 September 2024, this system divides retirement savings into distinct “pots,” providing a balance between immediate access … Read more
Medical aid tax credits in South Africa provide valuable monthly tax relief to taxpayers who contribute to registered medical schemes. For the 2026 tax year, starting 1 March 2025, each medical aid member can claim a fixed tax credit of R364 per month, helping to reduce the amount of tax owed to SARS. Understanding the … Read more