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Financial well-being is shaped not only by what people earn or save, but also by how they think, feel and communicate about money Image: ChatGPT Money is keeping South Africans awake, affecting their family lives and mental health, but more than four in 10 still avoid talking about their finances. More than half of respondents to Nedbank’s latest NedFinHealth Index, at 51%, identified money or financial matters as the biggest source of stress in their lives.

National Treasury expects government to spend about R758 billion on employee compensation in 2026/27. Image: ChatGPT More than half a million government employees tapped into their retirement savings in just seven months, withdrawing about R15 billion under the two-pot system despite being among South Africa’s more securely employed workers.

VAT charged on electricity supplied through government's Free Basic Electricity programme is effectively taxing a grant. Image: ChatGPT South Africans will continue paying VAT on electricity despite tariffs having surged by as much as 165% over the past decade, with Treasury saying zero-rating remains off the table. National Treasury says removing VAT from electricity is not on the agenda, even as rising tariffs place increasing pressure on household budgets.

The Free State High Court found that a farmer faces a real risk of becoming physically unable to continue farming even before his expected early retirement. Image: ChatGPT A Free State farmer who once worked from 5am until evening has won his claim for loss of earnings against the Road Accident Fund, after a crash left him unable to perform much of the physical work on which his livelihood depends.

The loss of 190,000 formal-sector jobs was one of the reasons behind a sharp increase in people surrendering life insurance policies. Image: ChatGPT South African households are being squeezed from both ends as jobs disappear and debt climbs, with new data showing 190,000 formal-sector jobs were lost in the first quarter while people with comparatively healthy salaries are increasingly seeking help with unmanageable debt.

SARS says it made a mistake when it sent a letter of demand for R0.01. Image: ChatGPT The South African Revenue Service (SARS) has admitted it mistakenly issued a taxpayer with a final demand to pay an outstanding tax bill of just one cent. Responding to questions from IOL, the revenue service acknowledged that the demand should not have been sent. “The letter was issued in error,” SARS said.

The South African Revenue Service has instructed a tax payer to settle a R0.01 outstanding amount within 10 business days. Image: ChatGPT The South African Revenue Service (SARS) has reportedly issued a taxpayer with a final demand for an outstanding tax debt of just one cent. Moneyweb reported that the unnamed taxpayer contacted the publication after receiving the demand, which instructed them to settle the R0.01 outstanding amount within 10 business days.

IOL Reporter|Published 16 minutes ago Premier Fishing Group plans to pursue acquisitions across South Africa’s fishing and aquaculture sectors, backed by up to R1bn from Sekunjalo over the next 18 months.

September’s diesel increase could add around 0.4% to 0.6% to food prices through higher transport costs alone, assuming operators and suppliers pass the additional costs through in full. Image: Vije Vijendranath | Unsplash South Africa’s sharp September diesel increase could add to food-price pressures as higher transport costs move through the country’s heavily road-dependent supply chain, although the eventual impact on grocery bills may be relatively limited.

All criminal charges against Alpha Founder and CEO Antonio Iozzo, CFO Daniel Werner Roets and Abraham Johannes van Rensburg were formally withdrawn at the Palm Ridge Specialised Commercial Crimes Court today following a full review by the Office of the Director of Public Prosecutions (DPP). The withdrawal brings the criminal proceedings against all three men to an end.