By end July 2022, women accounted for, individually or in partnership, 57% (3 896 595) of the total volume of properties in the market (6 868 778) In South Africa, women face significant challenges in owning and controlling immovable assets like land and property. Research highlights that many women, particularly…
Week 41 – National School feeding scheme
The National School Nutrition Programme (NSNP) spent R8.4 billion in the 2022/23 financial year. 9.7 million learners from over 21,000 schools benefitted from this program. Hunger affects 15% of South Africans, which negatively impacts children’s academic performance and overall development. The program is funded mainly by provincial budgets, with KwaZulu-Natal,…
Week 40 Summary for Used Car Buyers
Before you buy a used car, ask about the cost of common parts like brake pads, oil filters, or headlights. This will give you a sense of whether the car will be expensive to maintain.Lower Parts Basket % = More Affordable to Own: A car like the Ford Figo have…
Week 38 – Why Accurate Insurance Valuation Matters
Understanding the True Cost of Underinsurance: Why Accurate Valuation Matters As a homeowner, ensuring that your home and its contents are properly insured is one of the most important steps you can take to safeguard your financial future. However, in South Africa, underinsurance remains a prevalent issue, with many households…
Week 37 – Two Pots :Do not take too much : Tax
The Two-Pot System allows you to access part of your retirement savings before you retire, giving you flexibility in emergencies. One pot can be accessed once a year, while the other is saved for when you retire. This helps you with financial needs now but ensures you still have money…
Week 36 – Surviving on R796 a Month: Essential Food Choices for South Africans
For lower-income South Africans, the “National Poverty Lines (2024)” provides critical insights into the financial thresholds that define poverty levels. The Food Poverty Line (FPL), set at R796 per person per month, is the minimum amount required for an individual to afford the daily caloric intake of 2,100 calories. This…
Week 35 : Enhancing Passenger Safety
Insurance and Security Solutions for South African Public Transport Users. According to the National Household Travel Survey (NHTS), the reliance on taxis as the main mode of transport for South African households was 42% in 2013 and increased by 2020, reflecting a growing dependence on public transport. This is about…
Week 34 :South Africa’s Debt Situation: A Call for Financial Protection
Recent data from Statistics South Africa shows a significant decrease in debt-related civil summonses and judgements in the second quarter of 2024. The number of civil summonses issued dropped by 10.9%, with promissory notes, money lent, rent, and goods sold being the main contributors to this decline. Civil judgements for…
Week 33: South African Women Still Face Major Challenges in the Job Market
Women in South Africa continue to face significant challenges in the job market despite some progress over the past decade. Although more women have joined the workforce, they are still more likely to be unemployed or underemployed compared to men. Many women are also constrained by household duties, limiting their…
Week 31 :Life Expectancy increased to 69 years from birth.
Gauteng is the most populated province in South Africa, with about 15.93 million people, making up 25.3% of the country’s population. This large population helps drive the economy, attracting businesses and investments. KwaZulu-Natal follows with 12.31 million people, while the Northern Cape has the smallest population at 1.37 million. About…