How Solar Power Can Save South Africans Money
With load shedding, rising electricity tariffs, and abundant sunshine, solar power has become increasingly attractive for South African homeowners and businesses. Understanding the financial benefits helps you make an informed decision about going solar. Current Eskom Tariffs Eskom has implemented significant tariff increases over recent years. Direct customers can expect tariffs of approximately R2.00-R2.50 per […]
SARS Asset Depreciation: Writing Off Business Assets
South African businesses can claim depreciation (wear-and-tear) on assets used for income generation, reducing their taxable income. SARS Write-off Periods Vehicles: 4 years (20% per year on reducing balance or 25% straight line) Computers and equipment: 3-5 years Furniture: 6-10 years Buildings: 20-50 years (depends on type) Calculate your asset depreciation using our Depreciation Calculator.
Profit Margin vs Markup: Understanding the Difference
Many South African business owners confuse profit margin and markup, which can lead to pricing mistakes and reduced profitability. Key Difference Markup: percentage added to cost price to get selling price Margin: percentage of selling price that is profit Example If cost is R100 and you add 50% markup, selling price is R150. But your […]
VAT in South Africa: Everything You Need to Know
Value Added Tax (VAT) is a major source of revenue for the South African government and affects virtually every purchase you make. Current VAT Rate The standard VAT rate in South Africa is 15%. This rate has been in effect since 1 April 2018, when it was increased from 14%. Some items are zero-rated (0% […]