Just 2 million South Africans pay 80% of all personal income tax
4 November 2022National Treasury’s data about registered taxpayers and taxable income revealed that only 2 million South Africans pay 80% of all personal income tax.
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What to do when rising interest rates seriously affect your budget
4 November 2022Spurred on by the need to manage inflation and to protect the rand, the South African Reserve Bank has been forced to increase the prime interest rate quite rapidly since...
Medical Aid: It’s Review Time Again
3 November 2022By now, medical aid schemes will have already announced their plans, contribution levels and benefit structures for 2023.
Morningstar Market Overview, August 2022
7 September 2022Global markets experienced a volatile August and ended the month lower. Investors turned their focus to the hawkish comments received from the US Federal Reserve’s Jerome Powell at the...
Watch out! South Africa could be grey listed by FATF
26 August 2022FATF published an evaluation of South Africa’s anti-money laundering measures, which found holes in the country’s policies and efforts to combat money laundering and terrorist financing.
The impact of load shedding on the South African economy and your short-term insurance cover
25 August 2022As we are all painfully aware, Eskom’s capacity generation shortages have led to the worst load shedding since 2019. At the beginning of July, Stage 6 load shedding caused significant damage...
Two pot retirement fund system to be introduced
23 August 2022National Treasury has published draft regulations to introduce what is called a “Two Pot” retirement fund system from 1 March 2023.
Is there some light at the end of the tunnel?
22 August 2022We’ve had a number of queries from clients concerned about the drop in value of their investments. Whilst some alarm is quite understandable, the first half of this year...
New staff members
18 August 2022We would like to welcome two new members to the Maximus Wealth Management team: Fransie Van der Merwe and Wendy Dobson.