#Sandton

[afrotumble]

AWJ

[technicolorsniper]

If it means anything, I still like it up close and personal

Photographer: Sbusile Mhlanga

Muse: Maya

Year: Timeless

[latita-africa]

SARS and the two-pot retirement system: key facts

The South African Revenue Service (SARS) recently announced that R21.4 billion has been paid out to taxpayers using the Savings Withdrawals Benefit of the two-pot retirement system. This system allows South Africans to access their retirement savings with certain tax implications. In this blog, we explore the two-pot system, its benefits, and the related tax considerations.

What is the Two-Pot Retirement System?

The two-pot retirement system offers South African taxpayers both flexibility and security. Under this system, retirement savings are divided into two pots: a savings pot and a retirement pot. This allows individuals to withdraw a portion of their savings before retirement, addressing immediate financial needs while still preserving long-term savings.

How SARS Regulates the System

SARS plays a vital role in overseeing the withdrawal process. Taxpayers must apply for a tax directive to access funds from their savings pot. Over 1.2 million South Africans have applied, with 1.14 million applications approved. It’s important to ensure that your tax reference number is correct and that you have no outstanding tax debt with SARS before applying.

Key Tax Implications of the Two-Pot System

Tax Clearance

Withdrawals from the savings pot are subject to tax rates ranging from 18% to 45%, based on the individual’s taxable income. Understanding these rates helps avoid unexpected deductions.

Outstanding Debt

SARS warns that any tax debt may be deducted from the withdrawal. However, if a payment arrangement is in place, the withdrawal process will proceed without deductions.

Tax Compliance

Staying compliant with SARS regulations is crucial to avoid penalties. Failure to disclose income or misreporting can lead to severe consequences, including fines and criminal charges.

Benefits of the Two-Pot Retirement System

The two-pot system provides greater financial freedom by enabling individuals to withdraw funds when necessary while safeguarding retirement savings. Additionally, SARS’s digital services, such as tax e-filing, simplify managing tax-related matters.

Practical Steps for Taxpayers to be SARS free

To navigate the two-pot system effectively, taxpayers should:

Verify Tax Information: Ensure that your tax reference number and personal details are accurate before applying for withdrawals.

Understand Tax Obligations: Familiarise yourself with the Tax Administration Act and its impact on your savings.

Seek Professional Guidance: If you’re unsure about your tax status, consult a tax practitioner or advisor. They can help clarify your rights and obligations under the new system.

Conclusion

The two-pot retirement system marks a significant change in how South Africans manage retirement savings. By staying informed about the system’s implications and adhering to SARS regulations, taxpayers can maximise their financial opportunities while minimising risks.

For more information about your tax liabilities or navigating the two-pot system, Latita Africa is here to assist with expert guidance tailored to your needs.

[yearningforunity]

Spectators celebrate a skateboarder’s trick during a contest in Bryanston, Gauteng. 2017

Photo: Tim Moolman

[de-prototype]

The most expensive block of land in Afrika.

[miss-david]

[pentopoint]

Without the Pen To Point Business Directory, your brand could be missing out on valuable visibility! Join our directory to connect with more customers, boost your brand's reach, and make a stronger impact in South Africa. Don't let your business go unseen—list today and watch it grow!

@pentopoint @southafrica @andre64 @southafrica

[robynsassenmyview]

How to wreak havoc with a jacket and trousers

"How to wreak havoc with a jacket and trousers", a review of 'The Suit' onstage at Theatre on the Square in Sandton, until 16 November 2024.

US three, together forever: Philemon (Sello Maake kaNcube) and Matilda (Tshireletso Nkoane) with the suit, in Can Themba’s ‘The Suit’, onstage at Theatre on the Square in Sandton until 16 November 2024. Photo by Phillip Kuhn. SOPHIATOWN IN THE 1950s. The very name of this Johannesburg suburb in a pre-Forced Removal era still sparkles with associations of jazz and art and life and possibility…

[samanthamzindle]

[jobkash]

Technical Advisor: Governance and Sustainability (5 year FTC)

To pioneer the implementation of the SEZ governance and sustainability strategies aimed at developing competitive Special Economic Zones in South Africa.QUALIFICATIONS: Degree in either Business Sciences, Economics, Finance or Development Economics POSITION INFO:JOB PURPOSE:To pioneer the implementation of the SEZ governance and sustainability strategies aimed at developing competitive Special…

[afrotumble]

[websitedesignpretoria]

SEO Expert Can Improve Your Website Visibility & Ranking in Search Engine

Do you ever feel like your website is a hidden gem, lost in the vastness of the internet? Well, fret no more! In the realm of SEO, visibility is everything, and it all starts with two crucial factors: crawlability and indexing.

Think of your website as a bustling marketplace. Search engines like Google are the curious explorers, eager to discover your unique offerings. But if they can’t navigate your streets (crawlability) or understand your wares (indexing), your precious treasures will remain unseen.

So, how do we open our online doors and invite the SEO gods in? Let’s explore some key strategies:

Crawling Champs:

Site Structure Smackdown: Ensure your website has a clear hierarchy, like a well-organized map. Pages should be logically connected, with easy access from the main hub. Avoid confusing dead ends and hidden alleys.

Link Like a Master: Internal linking is your secret weapon. Think of it as bridges connecting your pages, guiding crawlers and users deeper into your content. Use relevant keywords naturally and avoid broken links (those dead ends again!).

Robots.txt Respect: This file tells search engines which pages to avoid. Make sure it’s accurate and up-to-date, not accidentally blocking valuable content.

Indexing Experts:

Content is King (and Queen!): Fresh, high-quality content is irresistible to search engines. Regularly update your website with informative and engaging material, showcasing your expertise and attracting both crawlers and readers.

Keyword Harmony: Weave relevant keywords throughout your content organically, but avoid keyword stuffing. Think of them as signposts, helping search engines understand your topic and connect you with the right audience.

Sitemap Symphony: An XML sitemap is like a blueprint for your website, giving search engines a clear overview of your pages. Submit it to Google Search Console for efficient crawling and indexing.

Bonus Tip: Tools like Google Search Console and Screaming Frog SEO Spider can be your allies in identifying crawl errors and indexing issues. Regularly check for and fix these roadblocks to ensure your website’s smooth SEO journey.

Remember, optimizing your website for crawlability and indexing is an ongoing process. These strategies are your compass, but stay curious, experiment, and keep an eye on search engine updates. With dedication and a touch of SEO magic, you’ll soon see your website rise from obscurity to the top of the search results, ready to shine!

So, go forth, website warriors, and unleash your SEO beasts! The internet awaits your treasures.

[gratedlight]

[phonemantra-blog]

Luxury hospitality leader Minor Hotels has announced a strategic partnership with The Cavaleros Group, a prominent South African property group. This partnership marks a significant milestone for both parties: Minor Hotels' debut in South Africa and the introduction of the prestigious NH Collection brand to the African continent. A Prime Location for a New Chapter From July 1st, 2024, Minor Hotels will take the reins of a strategically located hotel in Johannesburg's Sandton district, the financial hub of South Africa's largest city. This iconic property, boasting a successful 30-year history, is situated approximately 20 kilometers from O.R. Tambo International Airport, offering convenient access for travelers. Minor Hotels Lands NH Sandton to NH Collection Sandton: A Transformation Awaits The 329-key property will initially operate under the name NH Sandton. Following a comprehensive refurbishment, it will be proudly unveiled as NH Collection Sandton, reflecting the brand's commitment to exceptional guest experiences. Luxurious Accommodations and Amenities Guests at NH Sandton can expect a variety of well-appointed guest rooms, catering to diverse travel needs. Room options will range from cozy lead-in rooms to spacious one-bedroom suites, with the pinnacle of luxury being the expansive 145-square-meter Royal Suite. Beyond the comfortable accommodations, the hotel will offer a range of facilities to enhance your stay: Two restaurants and two bars, provide a variety of culinary options An executive lounge for a refined and productive environment Conference facilities to cater to business needs A well-equipped gym for those seeking to maintain their fitness routine A refreshing outdoor swimming pool to unwind and soak up the South African sunshine A Partnership Built on Strength and Shared Vision The Cavaleros Group, established in 1926, brings a wealth of experience to the table. This family-owned group is a leading force in South African property development, boasting a diverse portfolio encompassing data centers, commercial buildings, industrial spaces, hospitality ventures, and retail properties. A Collaborative Future for African Hospitality This partnership between Minor Hotels and The Cavaleros Group goes beyond the management of a single property. Both parties are committed to fostering a long-term and productive relationship, with the potential for future collaborations on hospitality projects across the African continent. Industry Leaders Express Excitement William Heinecke, Chairman and Founder of Minor International (parent company of Minor Hotels): "We are thrilled to sign this strategic partnership with The Cavaleros Group to launch NH and soon NH Collection in South Africa... This property will join our growing portfolio of hotels in Africa, where our Anantara, Avani, and Elewana brands are already present. We look forward to a long and fruitful partnership with Penny and the Cavaleros team." Penny Cavaleros, Chief Executive Officer of The Cavaleros Group: "The decision to partner with Minor Hotels for our Sandton Hotel and Africa was legendary for The Cavaleros Group... We concluded and recognized that Minor Hotels' history, speed, and culture are synonymous with our core Group values. We are currently considering several hospitality opportunities across the continent and have commenced our due diligence process." Minor Hotels: A Global Hospitality Powerhouse Minor Hotels currently operates a substantial portfolio of 27 hotels and resorts across eight African countries under its established brands: Anantara, Avani, and Elewana Collection. With a growing pipeline of future properties, Minor Hotels demonstrates its unwavering commitment to expanding its presence in Africa. NH Collection: A Renowned Brand Finds a New Home NH Collection, a brand synonymous with exceptional hospitality in key city locations across Europe and the Americas, is embarking on a global expansion. The brand recently established a presence in the Middle East with properties in Dubai's Palm Jumeirah and in the Maldives. Later this year, NH Collection will further its reach with its debut in Asia, opening a property in Chiang Mai, Thailand. Several additional openings are planned for 2024, including properties in Finland and Qatar. With the addition of NH Collection Sandton, the brand continues its trajectory of global growth.

[youhavebeeninterpellated]

The Bull Run

[gasonrepublic]

Gas On Republic caters to a wide spectrum of requirements, from household usage to commercial applications such as golf clubs and restaurants One distinguishing feature is their commitment to customer convenience, offering free LP gas delivery in prominent areas including Benoni, Brentwood, Randburg, Sandton, Midrand, Gauteng, Northcliffe, Krugersdorp, Windsor, and Fourways. To place an order online, simply visit our website, https://gasonrepublic.com/lp-gas-supply-fourways/