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Sars is watching your spare room  Property owners who host paying guests but do not declare their income to Sars will need to do so, says Sohail Govender, finance director of Just Property.
Thinking of buying a buy-to-let property, opt for an ‘ordinary’ home  If you’re thinking of purchasing a buy-to-let property, choose an ‘ordinary’ home rather than a luxury one.
Caution is the name of the game for homeowners  Although interest rates are low, other living expenses are going up, so ensure you can afford what you commit yourself to.
Landlords need to be creative to attract right sort of tenants  Experts warn that tenants hold most of the cards at present and it is important that rental homes are made as attractive as possible to draw the right sort of renters.

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During these tough economic there is still one saving grace: the low-interest rate

South Africans are in for a tough couple of years as they contend not only with a global pandemic, economic weakness and social unrest, but a rising cost of living that is spiralling out of control for many families.

The only real saving grace is the low-interest rate. Property rates and taxes have increased, as have fuel and utility tariffs, outweighing most salary increases – for those who have been fortunate to receive them.

Many families are, instead, facing reduced salaries and even complete loss of income. And this, says Craig Mott, Rawson Property Group’s sales manager in the Western Cape, can have knock-on effects on people’s lifestyles and mental health.

“Not having enough money to get through a full month can be really worrying for any individual.” Residents in the main three metros will see the following increases for the 2021/2022 year:

Read more: During these tough economic there is still one saving grace: the low-interest rate

 
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Mebala is a local startup company that makes custom leather bags in Maboneng, Johannesburg.  The company was founded by Tlhalefang Moeletsi who started it by mistake after creating a bag that he struggled to find in Johannesburg in 2019....

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Retailer Woolworths has added Levi's to its offering. It hopes new offerings will boost its weak fashion sales. Retailer Woolworths now sells Levi's and plans to introduce more guest brands as part of its efforts to overhaul its fashion business,...

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Politics

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Pretoria - The anti-gender-based violence (GBV) march organised by the EFF in Pretoria North on Saturday has nothing to do with campaigning for the upcoming local government elections. This was according to one of the organisers, Tshiamo Molotja, who said the...

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Cape Town - Cosatu has come out in support of striking ANC workers as the labour federation says it expects the ruling party to conduct itself in an “exemplary manner”. ANC workers have been on strike since Thursday following the non-payment of their salaries...

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Sports

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CAPE TOWN - WHILE he admitted that there was a “deflating” feeling in the team after nearly losing to the Cheetahs, Bulls coach Jake White said all that mattered was that his team secured a Currie Cup home semi-final and final in their 39-36 victory at Loftus...

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CAPE TOWN - Bafana Bafana coach Hugo Broos will place great emphasis on teamwork in Friday's 2022 Qatar FIFA World Cup qualifier against Zimbabwe, at the National Sports Stadium, in Harare. He has chosen a youthful squad which he feels could strike up cohesion...

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