Converting your black tax into black dividends

Black Tax is defined as the way in which blacks have to work twice as hard to get what they want, but another different definition is that of illegal activities carried out in exchange of illegal goods for cash.

In South Africa, Black Tax make reference to the responsibility blacks who are employed have towards helping their families, especially parents and extended families.

Kgodiso Mokonyane, Momentum Segment middle market head, says black tax is a big issue for black professionals.

Mokonyane says people need to take their personal needs into account before contributing towards black tax.

She goes on to say it is important for employers to be considerate of the burdens of black tax and how apartheid has affected the progression and economical ranking of black people.

For more on the black tax discussion listen to the audio clip:


This article first appeared on 702 : Converting your black tax into black dividends


Recommended

by NEWSROOM AI
Read More
'Pay-as-you-go' style of Cell C's new streaming service may gain mass appeal

'Pay-as-you-go' style of Cell C's new streaming service may gain mass appeal

Cell C’s new entertainment platform, 'Black', will be available to anyone with an internet connection from as little as R5 a day.

Was power outage at Jacques Pauw's book launch an act of sabotage?

Was power outage at Jacques Pauw's book launch an act of sabotage?

Questions have been asked about the power cut, with some speculating it was a deliberate attempt to sabotage the event.

How to fix the utterly vital social grant system (according to Black Sash)

How to fix the utterly vital social grant system (according to Black Sash)

The Money Show’s Bruce Whitfield interviews Black Sash National Director Lynette Maart.

Animal slaughter in the suburbs

Animal slaughter in the suburbs

Scott Burnett, Wits Centre for Diversity Studies criticises 'white' privilege' that frowns upon animal slaughter in the burbs.

From fixing PCs, to servicing Fortune 500 companies: Meet entrepreneur Tabi Tabe

From fixing PCs, to servicing Fortune 500 companies: Meet entrepreneur Tabi Tabe

Tabi Corporation founder Tabi Tabe shares his resilient journey of becoming a leader in the tech space, despite facing rejection.

Cell C launches its own entertainment platform

Cell C launches its own entertainment platform

The service will not only be available to Cell C customers but the market at large. It is launching on November 14.

Cassper Nyovest wants you to help him make history and #FillUpFnbStadium

Cassper Nyovest wants you to help him make history and #FillUpFnbStadium

Azania Mosaka hung out with hip hop artist Cassper Nyovest for a #FridayProfile and #702Uplugged performance.

Prof finds fault with AgriSA land audit

Prof finds fault with AgriSA land audit

Land and agrarian studies professor Ruth Hall has raised concerns with the methodology used by the farming body.

Kimberly Bryant paves the way for black women in the coding and tech space

Kimberly Bryant paves the way for black women in the coding and tech space

Black Girls CODE is dedicated to “changing the face of technology” by introducing girls of colour to computer science.

Dr Viwe Mtwesi is South Africa's youngest black female cardiologist

Dr Viwe Mtwesi is South Africa's youngest black female cardiologist

Dr Viwe Mtwesi spoke to Relebogile Mabotja about her achievements and commitment to serving people through her work.

Miss South Africa (1996) Peggy-Sue Khumalo bares her soul about money

Miss South Africa (1996) Peggy-Sue Khumalo bares her soul about money

Bruce Whitfield asks Khumalo (now the Head of Black Business Portfolio at Investec) some decidedly personal questions.

Tebogo "ProVerb" Thekisho opens up about money

Tebogo "ProVerb" Thekisho opens up about money

What is rapper ProVerb’s attitude to the stuff that makes the world go ‘round (hopes and fears, successes and failures, etc.)?

Many black South Africans pay a "Black Tax" (and some Whites pay a "White Tax")

Many black South Africans pay a "Black Tax" (and some Whites pay a "White Tax")

It’s more relevant to refer to the “Sandwich Generation” than “Black Tax”, says Gerald Mwandiambira of the SA Savings Institute.

Popular articles
[LISTEN] Understanding your inner child

[LISTEN] Understanding your inner child

In the wellness feature, psychologist, couch and writer Yasmeen Engelbrecht chats about understanding your inner child.

Tito Mboweni, Pik Botha, VBS and Floyd Shivambu - no holds barred on The Debrief

Tito Mboweni, Pik Botha, VBS and Floyd Shivambu - no holds barred on The Debrief

Politician Lindiwe Mazibuko, economist Refilwe Moloto, and journalist Rose Rogers have discussed the biggest topics this week.

Snakes season is here and if the crawlies visit you, here's what to do

Snakes season is here and if the crawlies visit you, here's what to do

Snake handler Willem van Zyk of Blouberg Snake Rescue says he's already being kept busy with callouts.

'VBS stolen money bought the most useless things like Ferraris and helicopters'

'VBS stolen money bought the most useless things like Ferraris and helicopters'

Deputy editor at Finacial Mail Sikonathi Mantshantsha says it is mind-boggling why no one has been arrested in the VBS saga.

17-year-old learner killed teacher for not allowing him to jump the food queue

17-year-old learner killed teacher for not allowing him to jump the food queue

Spokesperson for Education department says the fact that this learner is still in Grade 10 at 17 may indicate there is a problem.

Remember Khwezi beyond the Zuma rape trial, says Marianne Thamm

Remember Khwezi beyond the Zuma rape trial, says Marianne Thamm

There is more significance to the life of Fezekile Ntsukela Kuzwayo than being Jacob Zuma's rape accuser explains Marianne Thamm.