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Liability

Common Examples of Personal Liabilities Store Accounts (e.g. Woolworths) Home Loan Bank Overdraft NSFAS Loan Information Source: Oxford Languages https://languages.oup.com/google-dictionary-en/

Net Worth

Why is knowing your Net Worth important? From a financial perspective, Net Worth or Net Asset Value is the most common measure...
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Inheritance

Ever heard of Inheritance Tax? Inheritance tax is the tax payable by the deceased’s estate. It includes (where applicable): Estate Duties Capital...
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Will

What happens when a person dies without a will?  When there is no will in place, the government takes on the responsibility...
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Black Tax

Is Black Tax a burden or a responsibility? Some professionals consider Black Tax a burden because it causes financial distress to the...
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Asset

Common Examples of Personal Assets Stokvel funds, Money Market Accounts, Cash  Property or land Livestock (e.g. cattle, sheep) Furniture, Jewellery, Cars Pensions,...
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