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 […]

Since there are usually several people coming over to South Africa every now and then for different reasons, questions like where can I exchange foreign currency in South Africa are usually famous. This is because, international travelers usually come with foreign currencies which must be converted into South Africa’s official currency (i.e, the Rand) while […]

Every responsible government owes a better life to its people. Therefore, with the four types of subsidies in the South African government; one can see the depth of responsibility in the South African government. The Government of South Africa recognizes that for a peaceful and prosperous society to be attained; the government has to take […]

As you read this article about the highest paying security jobs in South Africa you will come to appreciate that the security industry, despite being so vital, is not getting the recognition it deserves. The security industry in South Africa is one of the few places where a person gets a job based on what […]