Personal Finance

Investment Scams on WhatsApp and Telegram: A Warning Worth Taking Seriously

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How convincing online investment schemes can cost people their life savings — and what you can do to protect yourself. At Meerkat Accountants, we believe that helping people make informed financial decisions extends beyond accounting and tax. We are increasingly concerned about investment and trading scams promoted through messaging apps such as WhatsApp and Telegram.

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Is the TFSA really a “silver bullet” for investing?

Leave a Comment / Personal Finance, SARS, Tax /

There’s a lot of noise around Tax-Free Savings Accounts at the moment—most of it suggesting that maxing out your TFSA is the only key to long-term wealth. After looking at it more closely (and drawing on years of experience in both business and markets), I think that’s an oversimplification. Yes, the TFSA has clear advantages:

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# Can You Borrow Against the Savings Pot Under South Africa’s Two-Pot System? 

Leave a Comment / Personal Finance, SARS, SARS, Tax /

With the introduction of South Africa’s two-pot retirement system, many individuals are asking whether they can access funds in a more flexible way — specifically, whether it is possible to borrow against the savings pot instead of withdrawing from it . ## No Direct Borrowing Facility  Under the current framework, there is no mechanism that

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Understanding the Tax Consequences of Early Withdrawals Under South Africa’s Two-Pot Retirement System

Leave a Comment / Management, Personal Finance, SARS, SARS, Tax, Uncategorized /

South Africa’s two-pot retirement system has introduced greater flexibility for members who need access to funds before retirement. While this can provide short-term financial relief, it’s important to understand the tax implications of withdrawing from the savings pot early. #### How Are Early Withdrawals Taxed? Any withdrawal from the savings pot before retirement is treated

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