What Does It Mean If You Have “Ceased To Be A Resident of South Africa”?
South Africa has a residence-based taxation system. This means that South Africans (even if they’re living overseas) will be taxed on their income by the South African Revenue Service (SARS) if they are deemed to be resident for tax purposes. Previously South Africans...
Annuities in South Africa: Living Annuity vs Life Annuity
What is a living annuity? What is a life annuity? Is there a difference between the two, and when would you need to purchase and use these annuities? Life and living annuities are both financial vehicles designed to fund your golden years of retirement. Let’s get...
South African Carrot Cake
Let’s talk cake; carrot cake to be precise. The origins of carrot cake are largely disputed. Some say it came from England while others are under the distinct impression that it is a German delicacy. One thing is for sure, it’s popular in many nations! Recipes for it...