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

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

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.

Student leaders can make populist activism work in SA, says Professor Swartz

Student leaders can make populist activism work in SA, says Professor Swartz

She says student leaders understand how to use populist activism to bring about implement change.

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.)?

Black tax holding South Africans back from realising their aspirations

Black tax holding South Africans back from realising their aspirations

Various South Africans are opening small businesses to help them maintain a decent standard of living under a strained economy.

In conversation with The Queen of Zulu comedy Celeste Ntuli

In conversation with The Queen of Zulu comedy Celeste Ntuli

Celeste Ntuli will be performing her one woman stand-up comedy show "Black Tax" on 5 August at The Lyric - Gold Reef City Casino.

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
We're not just cyclists - CT man turns punch-up with driver into safety message

We're not just cyclists - CT man turns punch-up with driver into safety message

He was punched in the face by a motorist last week and tracked the driver down for a meet-up, instead of laying charges.

[WATCH] The spectacular moment AB de Villiers bent the laws of physics

[WATCH] The spectacular moment AB de Villiers bent the laws of physics

The world now knows never to underestimate the athletic form of SA cricketer AB de Villiers after this gravity-defying catch.

[LISTEN] Dailene, the lady behind the video from Thursday's heist in Boksburg

[LISTEN] Dailene, the lady behind the video from Thursday's heist in Boksburg

Another heist was carried out in Boksburg on Thursday morning and led to five people being arrested.

Health Minister proposes scrapping of medical aid co-payments

Health Minister proposes scrapping of medical aid co-payments

The eradication of medical aid co-payments is one of a number of changes to the medical aid scheme proposed by Aaron Motsoaledi.

SANDF soldier arrested for robbery on trial for attempted murder

SANDF soldier arrested for robbery on trial for attempted murder

Operations chief, General Barney Hlatshwayo's personal driver was arrested on Tuesday.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.