Register Login Scores

Blog

Hidden Tax: The Elephant In The Room

The financial responsibilities of Black South Africans once entering the work place contains a number of hidden elements.

The majority of Black South Africans face the challenge of supporting their immediate family and relatives, which is often the first factor to consider when making financial decisions.

Here are a few key insights from the Soccer Laduma audience who participated in a recent survey on financial responsibilities: 

• More than 65% of those surveyed have four or more people residing in their home

• 42% of the homes are financially supported by one individual

• In 43% of these homes someone earns a government grant

• 25% of those surveyed financially support as many as six or more people 

• 72% financially supports at least one person

• 40% of surveyed respondents support their parents

• 33% financially support their siblings, with 12% supporting their extended family

• 26% support their partner, and 58% support one or more children 

 

some_text

Based on the figures above, one would expect a resounding negative outlook from this community, but in fact, 60% of those surveyed indicated that there family is better off than a year ago. This shows the strong bond that resonates through these communities, and that people stick together in difficult circumstances.

comments

Top 5

In Images: SA Coaches Working Around The World

25 Aug 01, 2022 04:47 PM in PSL

Ten Hag Explains Why He Benched Ronaldo

5 Aug 08, 2022 08:27 AM in Messi/Ronaldo/Neymar/Mbappe Watch

Haaland Equals Man City EPL Record

Aug 08, 2022 09:28 AM in English Premier League

Dr Motaung's Words Of Encouragement At Amakhosi Fans Event

23 Aug 01, 2022 01:04 PM in Kaizer Chiefs

33 Players, Sekhukhune Confirm Full Squad

2 Aug 04, 2022 10:08 AM in PSL

Official: Man Utd Confirm 10th Departure

2 Aug 04, 2022 04:48 PM in English Premier League

Shock Club Admits Interest In Ronaldo

3 Aug 05, 2022 08:24 AM in Messi/Ronaldo/Neymar/Mbappe Watch

Chiefs Part Ways With Technical Team Member?

43 Aug 04, 2022 04:11 PM in Kaizer Chiefs

Official: CT City Unveil 2022/23 Season Kit

9 Aug 01, 2022 01:29 PM in PSL

Official: 10 Of The Latest Confirmed Transfers

Aug 03, 2022 07:25 PM in World News

Benni Breaks His Silence On Blockbuster Move

14 Aug 01, 2022 07:34 AM in Players Abroad

Ten Hag Explains Benni Appointment

10 Aug 01, 2022 10:20 AM in English Premier League

Pirates Make Decision On One More?

3 Aug 01, 2022 11:01 AM in Orlando Pirates