Personal Finance South Africa

Rateweb | Many South Africans are faced with a dilemma of choosing whether to register a company with the Companies and Intellectual Property Commission or starting a Sole Proprietorship.Truth is, with the new companies act of 2008, the government is trying to convert close corporations and sole proprietorships to companies. That doesn't disqualify the formation of sole proprietorships.Let us first understand what comprises a company and a Sole Proprietorship.We will then know what form of entity is better suited for South Africans. Lastly, we will also look at the tax implications of both entities.Registering a company vs trading as a sole-proprietor in South Africa

Rateweb | Choosing a cheque account is not easy especially as a student. You want to save as much money as you can but wary of unforeseen banking charges. This article will help you in choosing the right cheque account for yourself as a student.Back in the day, you didn't need any cheque account as a student. In fact, many applied for their first cheque accounts after graduating.How to Choose a Student Cheque Account 2020

Rateweb | You have submitted your CV and got a call back saying that you are scheduled for an interview. Then you get exhilarated and want to celebrate for a moment.Well, after some time you start to think about how the interview will go and how the mood of the interviewer(s) will be like. You ask yourself what will the interviewers ask me and how can I prepare to answer the interview questions.Worry not this article will help with answering interview questions with confidence.10 Most Common Interview Questions and how to answer them in South Africa

Rateweb | Controlling debt can be a daunting task for many, leading to stress and depression. It all starts with money management and managing yourself as a consumer.There is always that one ‘important' that needs to be taken care of, although that which is deemed ‘important' isn't a necessity at the time.How do you relieve your self from reckless spending and consolidate your debt and spending?You need to get your priorities straight. Yes, getting your priorities straight will help you in many ways financially.The words ‘get your priorities straight' sound ambiguous but they are magic to your financial health.How you go about getting your priorities straight is what this article is all about.6 intelligent ways to handle debt in 2020

Rateweb | Rethabile Sithole the head financial advisor at Radius Checking reckons that “Having the best cheque account means getting low fees, free ATM usage and best customer support. Even better when you receive interest on your account”It is no easy task to identify a great cheque account let alone in a country with so many banks offering many cheques accounts for different clients.Rateweb analysed cheque accounts using Rethabile's definition of the best cheque account. However, we have added technological friendliness of the issuing bank and overall competence of employees.10 Best Cheque Accounts in South Africa 2020

Rateweb | How do you know that you are earning enough salary? To begin with, how do you calculate your worth in an organization you work in?There are many factors to consider given that when it comes to salary there is no exact yardstick to measure one's actual worth.Your salary is mainly determined by you. Yes, you! According to salary expert Sarah Suleman, “your worth in an organisation is generally all about what your employers perceive of you”.She added that “you can spend all the time learning new trends and acquiring new skills but if your employers don't see you demonstrating what you have learnt, then there is a high chance that your salary will remain the same”.Suleman's remarks are of importance since it is evident that those who showcase their skills to an employer get promotions and better salaries.The aim is to show your employers that you are worthy of a certain salary bracket. It is not as easy as ABC to do this but you certainly need to make some plans.Are you earning enough salary? Use these tips to get your fair share

Rateweb| As the novel coronavirus continues to wreak havoc around the world. One thing is for certain, it will come to an end.When that happens, lockdowns will be lifted. People will go back to their lives, but it won't be business as usual.Many jobs will be lost as companies fight for survival. Some companies will shut down completely. However, as with every other crisis, new opportunities will emerge. Those who are prepared to grab them will be like Kings.5 Jobs that will trend after COVID-19

Rateweb | Your credit score is one of your prized possessions. A good score can better your life in many ways, sometimes beyond your imagination. Whether you want financial leverage for yourself or business, your score plays a vital role.Full Article: 7 genius ways to improve your credit score in 2020

Rateweb | The percentage of unemployed South Africans has been high for a long time now. Today, the effects of COVID-19 are pushing the figures even higher because a lot of people have lost their jobs in a short space of time due to the lockdown.However, in every cloud, there is a silver lining. It is time to look at other options to boost your income and also look at the new opportunities available today.Read more at Rateweb

Rateweb | Rich South Africans have been on record for hiding their money in offshore accounts to evade tax among other factors.It would be interesting to note where rich South Africans are safeguarding their money.We will zone in on 10 countries where the affluent South Africans are hiding their money.10 Countries where rich South Africans are hiding their money

Rateweb | Thinking of locking your money for some time? A fixed deposit account can be a viable option to consider.A Fixed Deposit is more like a savings account, only this time your investment has an expiry date and a fixed rate.The principal investment is withdrawn at the end of the fixed period (term) agreed on at the time of deposit.There are different types of fixed deposits accounts to invest in here in South Africa. To get the best out of fixed deposits, you have to pen down clear goals in terms of the time you want to lock in your money and the interest you are willing to earn from your invested money.In this article, we discuss the best fixed deposit rates relative to the deposit terms available here in South Africa.Here, we will discuss 5 fixed deposit terms and their respective top 3 best interest rates in South Africa. the 5 fixed deposit terms in subject are; 3 months, 6 months, 12 months, 24 months and 60 months.Best fixed deposit rates in South Africa 2020

Rateweb | We all envy millionaires don't we?You are probably reading this article because you also want to make a million rands.The question that keeps lingering on is how do I make my first million rand.Every millionaire in South Africa has pondered on this question whether consciously or subconsciously.The following are 10 ways you can easily make your first million rands and join the elite group of many millionaires in South Africa.10 legal ways to make One Million Rands in South Africa

Rateweb| The effects of Covid-19 lockdown have left a lot of South Africans financially strained. Scores of people have lost their jobs while those still working have accepted the salary cuts and fewer working hours.These effects should get you thinking about your relationship with money, how you can best manage your finances. If you were not saving, you might be also thinking that it would have been better if you had saved for a rainy day.15 best ways to save money after Covid-19You can learn more at Rateweb about Personal Loans, Business Loans, and Online Brokers

Rateweb | After a rough 2019, most people hoped that 2020 will be a better year for them. Hopefully, a year full of achievements and fulfilment of goals.Then came the microscopic, lethal and cataclysmic coronavirus beckoning on our doorsteps and just like that all the hopes for a positive year were flushed down the drain.2020 has pushed the economy to the brink of collapse, with millions facing unemployment and business closures inevitable. Even with all that, the rich are growing more affluent when the world around them is collapsing. Let's discuss how it has been possible for rich South Africans to make money during COVID 19.14 ways rich South Africans are making money during Covid 19You can learn more at Rateweb about Personal Loans, Business Loans, and Online Brokers

Rateweb | As we trudge through our daily lives and executing our businesses, investment is key in almost every decision we make.A bad investment can ruin not only your life and business but generations that may come way after you.It is crucial to know what distinguishes the majority of rich South Africans. They simply know which assets to invest in.Rateweb.co.zaYou can learn more at Rateweb about Personal Loans, Business Loans, and Online Brokers

Rateweb | Real Estate Investing has proven to be one of the best businesses to invest in the world over.The trade has bred billionaires.You cannot go wrong with real Estate Investing in South Africa.You might be wondering which is the best investment in South Africa.Well, Real Estate is not only the safest investment in South Africa but overwhelmingly the best.Here's the look at 10 reasons why Real Estate is the best investment in South Africa.Link to articleYou can learn more at Rateweb about Personal Loans, Business Loans, and Online Brokers

Rateweb | Starting a new job or about to have a salary review or looking forward to getting a promotion?Salary negotiation can feel like a whole session of physical exercise. The anticipation before negotiations take place can give you sleepless nights.It's hard to go to your boss to ask for a salary increase in the first place. Questions like should I ask for a salary increase in this economic climate?Am I really worthy of a promotion that comes with a salary increase?How much should I ask for?These questions increase the doubt of getting a salary increase or even fears of getting fired.No matter how afraid you are, at some point you will need to ask for a salary increase. Otherwise, you will work for the same salary even if you are worth more than that.Your peers who do the same job will be getting more money than you because of fear or lack of negotiation skills.It's not surprising to find 2 employees working the same job but earning different salaries. The secret is in the art of negotiationIt is time to move from your comfort zone and get remuneration befitting your skills. These 7 tips will help you negotiate your salary in a smart way.Full Article on Rateweb.co.zaYou can learn more at Rateweb about Personal Loans, Business Loans, and Online Brokers