March 28, 2025
Anticipating the impact of Budget 2025 on everyday citizens
This year's budget speech is expected to prioritise long-term development objectives, though it comes with the caveat that immediate relief for ordinary citizens may be limited.
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February 4, 2025
Policy Beneficiaries must be kept up to date with Insurers
Buyers of life insurance are urged to ensure there is a valid beneficiary nomination on a policy lodged with the insurer so that the policy does not form part of the estate and the proceeds upon death are paid directly to the beneficiary, thereby saving time and money on executor fees.
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March 28, 2025
OM Bank CEO gets the thumbs up from the Reserve Bank
OM Bank has received approval from the South African Reserve Bank’s Prudential Authority to appoint Clarence Nethengwe as Chief Executive Officer (CEO) of the country’s newest bank, effective immediately.
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January 29, 2025
Think you’ll retire at 65? 80 is SA’s real retirement age
According to Sanlam Corporate’s internal member data, South Africa’s true retirement age – the age at which most citizens can afford to retire comfortably – is closer to 80.
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February 10, 2025
Revised agreements cast the cross-border dividends tax net wider
South Africa’s new dividends tax protocol impacts Kuwaiti, Dutch, and Swedish shareholders, imposing 5-10% taxes on earnings from South African subsidiaries. While boosting tax revenue, it raises compliance challenges and may deter cross-border investments. Retrospective application faces legal scrutiny.
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January 27, 2025
Discovery Bank Festive SpendTrend 2024/2025
Discovery Bank has released an analysis of its client transaction data during December 2024. It highlights interesting festive spend behaviours among the Bank’s clients and the value derived from their travel and lifestyle rewards.
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