8 Investment Ideas That South African Youth Must Consider

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8 Investment Ideas That South African Youth Must Consider. Get some ideas of how you can invest for your future. Business is key, it creates wealth and provides income for the workers. Read more…

1. Rental Properties

More entrepreneurs should consider rental real estate as an important part of their portfolio. There are a number of ways to make money in the residential real estate market, including making home improvements, flipping houses, owning and renting property, investing in residential real estate, and investing in mortgage notes.

 

2. Car Rentals

Owning a car rental franchise offers a unique opportunity for the right person. Franchise business opportunities in car rental can be extremely successful when hard work and determination meet a successful business model, support and resources. Franchising offers franchise seekers an opportunity to be their own boss while also having access to a proven business model and marketing plans that have built a recognized, strong brand.

3. ICT

The South African information and communication technologies (ICT) sector is well established and sophisticated. South African companies are world leaders in pre-payment, revenue management and fraud prevention systems, and in the manufacture of set-top boxes, all exported successfully to the rest of the world.

4. Education

Both Government and the private sector have allocated large budgets to improve this sector. More franchises are increasingly being established, especially Technical and Vocational Education and Training (TVET) colleges (formerly known as Further Education and Training (FET) colleges), due to the demand for such facilities and skills in the country.


5. Agriculture

South Africa is a country of many challenges and is also a gateway for investors in Africa and offers enough opportunities in agriculture for investment, cooperation, expansion and trade. New foreign agricultural investments in South Africa are to the advantage of South African farmers and assist in job-creation.

6. Manufacturing

While the sector will continue to offer opportunities in 2015, entrepreneurs should be exploring export orientated manufacturing. Government offers attractive incentives, such as rebates and tax deductions, for component manufacturing, as well as an entrepreneur’s ability to develop overseas markets for such products.

7. Tourism

While manufacturing should be export orientated due to the weak rand, entrepreneurs should take advantage of this in the tourism sector due to foreign tourists benefiting from the favourable exchange rate. Business tourism is increasingly growing in attractiveness due to South Africa being recognised as the gateway to Africa, and due to the weak rand.

8. Infrastructure

Government, at all levels, is investing in upgrading services and facilities and smaller contractors should seek ways to get involved in the various scheduled projects. Apart from low-cost housing, basic services, such as water, electricity, sewage plants, as well as repairs and upgrades to Government buildings and recreation sites, are needed in cities and towns across the country.

 

Source: YouthVillage

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5 Things to Do to Help You Save Money Each Month

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Saving money can be tricky and may seem undowable because we are faced with daily demands and needs. But if it dowable, here are 5 things to do that can help you same each month.

Debt Rescue provides a list of 5 mind tricks to help make saving easier:

1. Start a coin jar

Get into the habit of adding all your change to a coin jar. Ridding your wallet, purse and car of unused coins on a weekly basis is the easiest way you have ever saved. Once your jar is filled, take it to the bank and deposit the money directly into your savings account.

2. Automate your savings

This is a great, out of sight, out of mind saving method. With automated savings you take away the temptation every month and soon it will become second nature.

3. Hide credit cards

If you are trying to cultivate a savings culture your credit card has no business being in your wallet. Easy access to your credit card is just as good as walking around with money in your pocket. Don’t tempt yourself. Keep your credit card in the safe. And if you really don’t trust yourself let your partner keep it for you.

4. Challenge yourself to a 52-week savings plan

The main reason people take up challenges is because they have a start and end date with measurable milestones in between. That is why exercise and weight-loss challenges are so popular. Why not try the same with saving, and do a 52-week challenge?

With a 52-week saving challenge you save R1 in week one, and up the amount with R1 every week. In other words in week two you will save R2, R3 in week three and so on and so forth until you get to week 52 and save R52 in that week. It will be the easiest R1378 you have ever put away. Want to make it really interesting? Swap the R1 for a R2 challenge and boost your savings even more.

5. Focus on the rewards

It is difficult to save for the future with nothing tangible for all your saving efforts in between. Therefore:

  • Make it easier to save by focussing on the bigger picture of what you are saving for. If you are saving to buy a home, cut out pictures of your dream home and stare at it often. Create pin boards on Pinterest and collect ideas for decorating your dream home.
  • Reward your saving by treating yourself and your family to an affordable weekend away (for example) after reaching a prominent milestone. This way you create tangible smaller “rewards” to incentivise yourself for saving.

“Saving is a positive action you are doing for your future. But don’t put so much pressure on your cash flow that you are forced to take on debt. That is not the point of saving at all. Instead try and cut costs on luxuries and other expenses so you are able to afford saving,” it said.

Source:BusinessTech

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Online Gamblers and Operators in SA Might Be Jailed 10 Years or Fined up to R10 Million

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You may not know it, but online gambling is illegal in South Africa. Nevertheless, it’s a booming industry that is hitting licensed casinos hard.

The National Gambling Act of 2004 bans all “interactive” online casinos and games such as poker and bingo.

Numerous online gambling sites exist and some estimates suggest that tens of thousands of South Africans have active accounts.

The most popular online gaming platform in South Africa is Costa Rica-based “Realtime Gaming”.

Online gambling represents a massive loss in tax revenue and has the potential to slash visits to “land based” casinos. Online gambling in Europe, where it’s legal, has caused casino visits to fall by 20 percent.

Casino and horse-racing revenue fell by 0.6 percent in 2014. According to the National Gambling Board, gambling revenue totalled R21.8 billion while the industry paid R2.2 billion in tax.

Gamblers and operators face a maximum penalty of R10 million and/or 10 years in jail.

 

Source: 702

See other legal ways to make Money Online in South Africa

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