How do we break the cycle of black tax?

Loading player...
Thinking about the upcoming public holiday, Human Rights Day, which falls on a Monday (yay) later this month (double yay), brought me to wondering how we each should celebrate the rights we have and the people who won them for us.

South African Human Rights Day is celebrated in memory of the events on 21 March 1960 at Sharpeville in southern Gauteng. On that awful day, apartheid police shot and killed 69 unarmed people and injured dozens more when they opened fire on a crowd protesting against the hated pass laws, which were designed to control the movement of non-white people.

There has been some disagreement over the years about whether this national holiday should be called Human Rights Day or if it should go by the name that many older people still call it, Sharpeville Day. Many people think the name Sharpeville Day recognises that it commemorates a day when individuals lost their lives fighting for the rights of the majority. I am not going to get into that today.

What I am interested in is the idea that while we didn’t have to win some of the rights we take for granted today (such as freedom of movement without carrying a pass), we should at least uphold and reinforce them
in honour of the generation who won them for us.

Some of that generation live among us still and, unfortunately, many of them suffer the indignity and deprivation of poverty, their lives and times not having been conducive to saving, investing and preparing financially for old age.
21 Mar 2022 5AM English South Africa Business News · Investing

Other recent episodes

SA Payments Behind the Fifa Passion

Visa’s data reveals how FIFA World Cup 2026™ shifted SA spending — from a 72% surge in sports recreation to 76% spikes in live screening ahead of Bafana’s Round of 32 match. Zeyad Davids, Vice President, Head of Marketing Services, Central Europe, Middle East & Africa at Visa explains how…
30 Jul 1PM 11 min

Life vs Funeral: The Real Difference

South Africa’s insurance gap has widened to R50.4 trillion. Capitec Life CEO Deepesh Desai explains why funeral cover dominates, why life cover lags at 19%, and how Capitec wants to change the national conversation.
30 Jul 1PM 11 min

Brand SA data shows South Africa’s Reputation Turning a Corner

South Africa scores 3.70 among audiences who know it best — placing the nation second in the world and above the Love Mark threshold. Brand SA’s Olebogeng Mabala unpacks the 0.87‑point gap between familiar and unfamiliar audiences, the economic stakes of reputation, and why “South Africa converts” once people experience…
30 Jul 12PM 19 min

PIC At War With Itself: Governance and the health of Pensions

The Public Investment Corporation—custodian of more than R3 trillion in public money and the retirement savings of millions of South Africans—is once again in the spotlight for all the wrong reasons. A whistleblower complaint, the controversial Lanseria Airport deal, the precautionary suspension of CEO Patrick Dlamini, board resignations and FSCA…
29 Jul 2PM 10 min

Africa’s Delivery Generation: Youth Demand Jobs & Clean Government

The African Youth Survey 2026 reveals a rising generation more optimistic than at any time since the pandemic — but demanding delivery, accountability and economic dignity. Commissioner Ivor Ichikowitz unpacks why optimism has surged, why cost‑of‑living pressures dominate youth concerns, and why young Africans support democracy but reject Western models…
29 Jul 1PM 12 min