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News Article  | PSL

Pirates Players Get Educated On Finances

Orlando Pirates Attend Workshop On Financial Education

By Soccer Laduma - Mar 23, 2018 03:33 PM

Orlando Pirates players attended a financial education workshop this week.

The financial education workshop which was administered by the South African Revenue Service (SARS) was also attended by Pirates’ chairman, Irvin Khoza and was held on Thursday at the Orlando Stadium. 

Read: Six Crucial Matches For Bucs Striker, Exit Looms?

“As we come close to the deadline for tax submissions on 29 March 2018, Orlando Pirates participated in a Tax Education Workshop held at the Orlando Stadium.

“With the Chairman of the Club, Dr Irvin Khoza, in attendance, the Buccaneers were taken through a constructive discussion about money matters and the importance of tax and paying it as part of the country’s broader economic plan.

“With the technical team, players and all support staff in attendance, the South African Revenue Services team conducted in-depth seminars and Q&A sessions to help unpack the tax conundrum in a simple and user-friendly manner.

“The stadium turned into a mobile SARS branch, with players checking their eFiling profiles and getting more information on how to make tax work for them. The SARS team, led by Ms Wongakazi Majola from the Tax Education Unit, was on hand to set up the player profiles before downloading the SARS app to keep them connected while they are on-the-go,” Pirates confirmed on the club’s official website.

Ayanda Nkosi has shared his views on what the players learnt from the workshop.

“People always hear of this tax thing but don’t necessarily understand it or its importance. We are fortunate enough to be in a position where the practitioners and tax professionals come to us to explain how it all works and equip us with the necessary tools and skills so we can actively contribute positively to the country’s economy. Most people only know the taxman when he comes to collect, and by that time you’re so far behind that it becomes a problem!” Nkosi told Pirates’ website.

“Tax plays a massive role in building the country and ultimately making for a strong economy. As it stands, we drive on tarred roads, there are government schools and even hospitals which are serving the country on the back of the tax money that we pay. The broader impact of a simple thing like filing a tax return just cannot be quantified,” added the striker.  

Read: Pirates Announce New Partnership 

“I’m glad that our boys had an opportunity to ask a lot of questions because there’s a lot of tricky things which could hurt you if you don’t understand properly. For example, when investing or putting away money somewhere, it needs to be declared and recorded correctly. You must account for every little increase or lump sum payouts because if you make that mistake and don’t declare it, whether innocently or not, the taxman will balance the books and you could end up losing your whole investment on a technicality. Tax is law in this country and as citizens, we must follow the law and pay our taxes,” concluded Nkosi. 

The workshop is part of the PSL’s plan to ensure that clubs are educated and knowledgeable about matters relating to money and tax. 


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@azzaniawest Joined: 07 Nov 2017
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@azzaniawest Mar 24, 2018 12:22 PM
@skillo messiah, WHY SHOULD BUCSLONA GO BACK AND HIRE LIKES OF RUUD KROL, JALI, MANYISA, THERE'S A TIME IN LIFE YOU NEED TO MOVE ON, NO MATTER WHAT, OTHERWISE YOU WILL NOT GROW, MENTALLY AND SPIRITUALLY. MESSI HASN'T GROWN TO THAT LEVEL, BUT RONALDO HAS, SHABBA IS SCARED TO MOVE AWAY FROM ZEBRAS, BUT MANYISA HAS TAKEN A SUCCESSFUL RISK IN HIS CAREER AND LASTLY AMABHAKABHAKA HAVE GAMBLE BY CHANGING ALMOST THE ENTIRE TEAM FROM LAST SEASON AND IT PAYS WE WILL WIN THE LEAGUE THIS SEASON
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setlaboswana Joined: 20 Mar 2012
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setlaboswana Mar 24, 2018 10:34 AM
@skillo messiah, South Africa is the only Country where a team is referred to as giants even if it is dead.
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skillo messiah Joined: 14 Mar 2018
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skillo messiah Mar 24, 2018 09:22 AM
a big team must not take too long to win a trophy look the likes of Madrid nd Barcelona
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skillo messiah Joined: 14 Mar 2018
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skillo messiah Mar 24, 2018 09:21 AM
rem it's been 4years now no trophy
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Ogantsheni Joined: 15 Jan 2018
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Ogantsheni Mar 24, 2018 08:49 AM
Abantu nje abazazi bafunani. Yazi le Coach mina ngiyibona isebenzile kabi. Ithathe izinkomo zazihlanganisa kwaphuma something. Namanje ubesaziphungula lezoziNkomo azificile. So mangabe ubheka ibhakabhaka yimana lizobe linabadlali ngesizini ezayo.
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Ogantsheni Joined: 15 Jan 2018
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Ogantsheni Mar 24, 2018 08:42 AM
We have a Coach. Let me ask u a Question u to. How many years Ruud Krol take to lift up Cups??? So plz don't!!! Let wait a coaches to doing her Jobs.
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skillo messiah Joined: 14 Mar 2018
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skillo messiah Mar 24, 2018 07:59 AM
pirates fans can I ask again if we can bring back Ruud krol jali manyisa rantie erusmas mhlongo sfiso myeni can't we win anything?
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Romeo10 Joined: 17 Dec 2017
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Romeo10 Mar 24, 2018 07:06 AM
That's a good thing PSL players need these kind of seminars, some of the players after their retirement they become broke after just 3 years. At least in 2018 Bucs has championed the winning mentality lesson, from failing to qualify for top 8 last season to challenge the league title this season. Next season we will be ready to challenge for the CAF Champions league title.
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Boris Becker Joined: 23 May 2017
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Boris Becker Mar 24, 2018 06:46 AM
But Khoza himself is running away from SARS.
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bernabeu_uncestor Joined: 10 Dec 2013
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bernabeu_uncestor Mar 23, 2018 10:06 PM
Im here to read Wash&wear comments kikikikikiki
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@azzaniawest Joined: 07 Nov 2017
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@azzaniawest Mar 23, 2018 09:35 PM
WASH & WEAR THE VIRUS BLOGGER
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mastermind khosî Joined: 23 Mar 2018
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mastermind khosî Mar 23, 2018 09:09 PM
Ahhh douti rats agaiñ
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The Bucsboss Joined: 02 Nov 2016
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The Bucsboss Mar 23, 2018 08:37 PM
Good move BUCS.knowing about money is a good thing,that helps players from mismanaging their money.We have seen a lot of players dying poor after seasons of good payments.I hope all teams can do the same.#UP THE BUCS.
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setlaboswana Joined: 20 Mar 2012
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setlaboswana Mar 23, 2018 07:48 PM
@Bucsfever16, I wish they roll-out these programs across the board.
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setlaboswana Joined: 20 Mar 2012
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setlaboswana Mar 23, 2018 07:43 PM
@Bucsfever16, yes, I have learned that the little knowledge a person gains, makes a difference.
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Bucsfever16 Joined: 14 Mar 2018
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Bucsfever16 Mar 23, 2018 07:39 PM
@setlaboswana,,,exactly mate we should give credit where it's due.
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setlaboswana Joined: 20 Mar 2012
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setlaboswana Mar 23, 2018 07:37 PM
@wash & wear is an enemy of progress. The fellow is so negative that he even discourage himself.
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setlaboswana Joined: 20 Mar 2012
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setlaboswana Mar 23, 2018 07:34 PM
Education and awareness in any form should be welcomed.
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setlaboswana Joined: 20 Mar 2012
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setlaboswana Mar 23, 2018 07:30 PM
Education and awareness in any form should be welcomed.
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@azzaniawest Joined: 07 Nov 2017
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@azzaniawest Mar 23, 2018 07:11 PM
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