National Treasury Local Government Report Q2 2024/25

The South African National Treasury has officially released its second-quarter report for the 2024/25 financial year. This detailed analysis outlines how local municipalities performed against their approved budgets for the period ending 31 December 2024. It includes revenue collection, expenditure patterns, and insights into conditional grants and non-financial metrics based on MFMA Circular No. 88. … Read more

Unemployment funding and tax

Unemployment Insurance Fund (UIF) The UIF is mandated to alleviate poverty by providing effective short-term unemployment insurance to all workers who qualify for unemployment and related benefits, as legislated in the Unemployment Insurance Act of 2001. Over the medium term, the fund aimed to focus on providing social insurance benefits and improving coverage to vulnerable … Read more

TAX

Tax administration National Treasury is responsible for advising the Minister of Finance on tax policy issues.As part of this role, National Treasury must design tax instruments that can optimally fulfil a revenue-raising function.These tax instruments must be aligned to the goals of government’s economic and social policy. These instruments are then administered by SARS. A … Read more

Smart Tips for Managing Personal Finances Effectively

Managing personal finances wisely is one of the most important steps toward achieving long-term financial freedom. Whether you’re trying to improve your credit score, apply for a loan, reduce debt, or simply build a more secure future, having the right financial tools and knowledge is essential. At Credit Hub, we specialize in empowering individuals with trusted … Read more

How to Manage Your Budget Like a Pro

Managing a budget effectively is one of the most powerful tools you can use to take control of your financial life. Whether you’re looking to save for a big purchase, reduce debt, or simply make your money stretch further each month, mastering the art of budgeting can transform your relationship with money. However, budgeting isn’t … Read more