How To Calculate VAT In South Africa

The VAT, or Value-Added Tax, is a value-added tax on purchases. As a value-added tax, only the final consumer pays the VAT – purchases by business at other stages of production do not pay VAT (they are charged VAT, however, those charges act as a credit against the VAT they charge) What formula do I use to calculate… Read More »

How To Volunteer In South Africa

South Africa is an extremely diverse country, with 11 official languages, and various cultures and lifestyles. There is the amazing Kruger Park, the Table Mountain in Cape Town and amazing wine vineyards which make it a desirable place not only to visit but also to volunteer. The diversity and history of South Africa, make it a country to see and… Read More »

How To Setup A Trust In South Africa

A trust is a three-party fiduciary relationship in which the first party, the trustor or settlor, transfers a property upon the second party for the benefit of the third party, the beneficiary. A testamentary trust is created by a will and arises after the death of the settlor. Setting up a family trust A well-planned trust can protect… Read More »

How To Check For Unclaimed Money In South Africa

Unpaid retirement fund monies are defined in the South African Pensions Funds Act as unclaimed benefits two years after a member leaves a fund when they resign, or are dismissed or retrenched. How do I claim my provident fund in South Africa? To claim your benefit, you must get hold of a withdrawal notification form from your HR department, complete this and return with required supporting documents (proof of banking and ID)… Read More »