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

Breaking: CAS Release Chiefs FIFA Ban Verdict

150 Oct 27, 2020 06:10 PM in Kaizer Chiefs

Messi Sends Message To Ronaldo

16 Oct 25, 2020 08:30 AM in Messi/Ronaldo/Neymar Watch

Chiefs Issue Crucial Availability Update Ahead Of Chippa

32 Oct 27, 2020 02:19 PM in Kaizer Chiefs

14 Footballers Who Have Degrees

25 Sep 16, 2020 08:30 PM in World News

Messi Sends Message To Ronaldo

16 Oct 25, 2020 08:30 AM in Messi/Ronaldo/Neymar Watch

Pitso's Al Ahly Advance To Champions League Final

101 Oct 23, 2020 11:02 PM in Players Abroad

How Mosimane Helped Al Ahly Break Sundowns' Record

53 Oct 26, 2020 08:14 AM in Players Abroad

Swallows To Edge Chiefs In Race For Downs Star?

41 Oct 23, 2020 10:36 AM in Mamelodi Sundowns

11 Footballers Who Went Broke

33 Jun 10, 2020 07:15 PM in World News

Hachi Signs Deal To Complete Mzansi Return

7 Oct 26, 2020 01:50 PM in PSL

The World's 10 Highest-Paid Football Stars Today

3 Sep 14, 2020 08:30 PM in Messi/Ronaldo/Neymar Watch