How to Calculate Compound Interest in South Africa
Compound interest is often called the “eighth wonder of the world” — and for good reason. Understanding how compound interest works can help South Africans make smarter investment decisions, whether they are saving for retirement, a home deposit, or their children’s education. What Is Compound Interest? Compound interest is interest calculated on both the initial […]
Transfer Duty in South Africa: A Complete Guide
When buying property in South Africa, transfer duty is one of the largest costs you will face. This tax is payable to SARS and is calculated on a sliding scale based on the property value. 2025/2026 Transfer Duty Brackets R0 – R1,100,000: No transfer duty R1,100,001 – R1,512,000: 3% of value above R1,100,000 R1,512,001 – […]
How to Calculate Your Home Loan Affordability in South Africa
Buying a home is one of the biggest financial decisions you will make in South Africa. Before you start house hunting, it is essential to know how much you can afford. The 30% Rule Most South African banks recommend that your monthly home loan repayment should not exceed 30% of your gross monthly income. This […]