5 Essential Strategies for Managing Startup Debt Whether you’re launching a fintech app or a fish and chips shop, managing debt is essential for most startups. As your business grows, you might need to take out a loan for marketing, infrastructure, or expanding your team. Knowing how to handle this debt effectively is key to […]
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Be Cautious When Accessing Your Three-Pot Retirement Savings! As of September 1, 2024, South Africa’s retirement system has evolved with the addition of two new ‘pots.’ This change allows South Africans to access a portion of their retirement funds before they retire, without the need to resign from their jobs and withdraw all their savings,
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How and When to Save a Struggling Start-Up
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Psycological Pricing Strategies that can Save Your Business Nothing is more important when running a successful business than pricing your products accurately. Most business leaders are already examining the maths, costs and business considerations behind pricing, but there is also an entirely separate consideration which needs to be taken into account – human psychology.Human psychology
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What you can do if you have a Budget Shortfall Government’s approach to balance this year’s National Budget 2024 shortfall of R15 billion didn’t set a positive example for South African individuals and businesses that face the same economic challenges but are, unlike government, unable to side-step spending cuts by squeezing taxpayers and tapping into national reserves.
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SARS Tax Tables and Tax Calculator Budget 2024 effectively brought an increase in personal income tax by not adjusting the tables for tax rates, rebates and medical tax credits, while also implementing substantial increases in ‘sin’ taxes and introducing a proposed global tax on multinational companies. This selection of official SARS Tax Tables and other useful resources
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Budget 2024: How It Affects You and Your Business There were few surprises and little in the form of good news in Budget Speech 2024. Although there were no major tax proposals and no major tax rate hikes announced, individual taxpayers will bear the brunt of a R15 billion Budget shortfall, while multinational corporations will pay
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What to do with the Ongoing High Interest Rates in 2024 The South African Reserve Bank recently held interest rates for the third time in a row, keeping the repo rate at 8.25%, with the prime lending rate at 11.75%. The rates therefore remain high and show no signs of coming down. High interest rates
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