Understanding Inflation: Definition, Impact, and Strategies for Mitigation What is Inflation? Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. When inflation occurs, each unit of currency buys fewer goods and services, leading to a decrease in the value of money. Central banks attempt to […]
Category Archives: Finance
16
Sep
Sep
September 2024: Spring is the season associated with new beginnings and fresh starts. It’s the perfect time of year to act on the saying: ‘out with the old, in with the new’ – not just in terms of your home or mental health but also in terms of how you run your small business. […]
11
Sep
Sep
FICA – and all… We all get somewhat irritated when we have to supply our ID’s, POR, Income Tax #’s etc etc etc to the estate agent, to the banks, to the laywers etc etc etc Why? It is compulsory under The Financial Intelligence Centre Act (FICA) and is aimed at eliminating Money Laundering and […]
11
Sep
Sep
Since the onset of the Covid-19 pandemic across the world, South Africa in particular has been hard hit by an economic slump. Unemployment figures have risen to an all-time high with 7.2 million people jobless, and the government’s debt levels are ever-increasing. Despite this, there might be a glimmer of hope for South African homeowners […]
28
Aug
Aug
Intro: Zero-based budgeting (ZBB) is a form of budgeting that allocates funds based on the effectiveness of a program instead of using historical data. Unlike the traditional budget method expenses aren’t automatically added to the budget because they were previously included in the budget, in Zero-based budgeting every program and expenditure gets reviewed at the […]
30
Jul
Jul
PROFIT FIRST: GET YOUR PRIORITIES RIGHT INTRODUCTION: If you’re a property investor struggling to maximise your profits, you may have heard of the Profit First system developed by entrepreneur and author Mike Michalowicz. This system involves allocating a percentage of revenue to specific accounts for operating expenses, profit, owner’s compensation, and taxes. While the system […]