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 »

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 »

What is the Unemployment Insurance Fund? The fund offers short-term financial assistance to workers when they become unemployed or are unable to work because of illness, maternity or adoption leave. The fund also assists the dependants of a contributing worker who has died. The Unemployment Insurance Act and Unemployment Insurance Contributions Act apply to all employers and workers, but not to: those working less than 24 hours… Read More »

PayPal is a service that allows national and international money transactions through the internet. The whole system of PayPal is based on email ID. So, basically, one email ID pays money to another email ID. It’s as easy as mugging an old, blind lady. According to their website; ‘PayPal is the safer, easier way to pay and get… Read More »

South Africa is a beautifiul country but it high crime rate cannot be overlooked. Traveling or staying in south Africa requires some few tips to keep your stay in South Africa Safe. Common Sense Safety Rules when Traveling in South Africa If you heed the following 20 important rules, you will greatly minimize the risks of becoming a… Read More »