Ballon payment is a type of loan that requires a huge-sum payment (balloon payment) at the end of the term. Ballon payment divides your loan into fixed payments that require you to pay off the principal at the end of the stipulated period.  As a conventional loan requires you to pay it back in full […]

On how credit cards work in South Africa, a credit card is a payment card that is issued to people to allow them to pay for products and services by borrowing from the card issuer just like loan apps. How Do Credit Cards Work In South Africa? Credit cards helps you pay emergency bills as […]

Apple TV is a streaming device that comes preloaded with over 100 apps right out of the box. Some of the popular streaming services you get on the Apple TV include, Netflix, ESPN, YouTube TV, Disney Plus, Hulu, Amazon Prime, and HBO Now, just to mention a few. Apple TV can also watch live TV […]

A bank guarantee is a promise made by a bank or other financial institution that if a particular borrower defaults on a loan, it will cover the associated losses.  Through this bank guarantee, the bank will reassure the original creditor that if the borrower is unable to pay his or her debts, the bank will […]

A trust is a legal arrangement that permits someone to hold assets for the benefit of the trust beneficiaries without actually possessing them. The transfer of ownership and management of the trust assets from the donor or founder to one or more trustees, who handle the trust assets not in their personal capacity, but for […]

A small claims court is a special court that resolves disputes fast without spending excessive money on court cases. The rules are simplified in small claims court, and the hearing is informal. Lawyers are not permitted in small claims court, as both parties involved would be the ones to represent themselves (plaintiff and defendant). The […]

Quality education is very expensive, not only in South Africa, but also all parts of the world. Registration costs, tuition fees, study materials, and lodging are getting more expensive. Furthermore, students without good financial background would struggle to afford one of the best universities – making them opt for student loans in South Africa. While […]

Netflix is currently the most popular online streaming service available to home television viewers.  Before they started streaming on-demand shows via the Netflix App, the company previously mailed DVDs directly to people’s home. But in 2007, it launched its streaming service, which allows users to watch thousands of on-demand TV series and movies without ads.  […]

A tax is a mandatory contribution to state revenue imposed by the government on their citizens.  The purpose of tax is to get revenue to fund projects that increase the economic performance of the nation and standard of life of their citizens.  Is it important to pay TAX? It is mandatory and very important for […]

Value-Added Tax (VAT) is an  indirect tax that applies to the consumption of goods and services.  With VAT, business are required to pay a sum on the supply of services and goods produced, as well as on the importation of goods and services imported. How Does VAT Work in South Africa? South African businesses pay […]