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 Tourism returns to Pre-Pandemic Shine

South Africa welcomed 10.5 million tourists in 2025, surpassing pre‑pandemic levels for the first time. To unpack what this means for the industry, for jobs, and for South Africa’s global competitiveness, we’re joined by Thandiwe Mathibela, GM: Global PR, Communications, and Stakeholder Relations
2 Apr 5PM 12 min

Easter getaway: Five critical insurance checks

For families preparing to travel this weekend, there are a few top actions they should take to ensure their cover is valid. Understanding your obligations is as important as having a policy. We’re joined now by John Manyike, Head of Financial Education at Old Mutual, to unpack the biggest risks…
2 Apr 5PM 8 min

Pivot Point – Ramano on Transforming SA Leadership

For today’s Pivot Point feature, we’re joined by Ms. Tryphosa Ramano for a conversation about leadership, transformation, and the future of South Africa’s financial sector. We celebrate her three‑decade career defined by financial stewardship and a relentless commitment to transformation.
2 Apr 4PM 24 min

SA’s two-pot system sees repeat withdrawals

Since South Africa’s two-pot retirement system went live in September 2024, AlexForbes has now processed and paid more than one million savings-pot withdrawal claims, marking one of the largest operational undertakings in the country’s retirement industry. With more on the story behind the numbers, Vickie Lange, Head of Solutions Enhancement…
2 Apr 4PM 14 min

5 Easter scams to watch out for

RCS says holiday periods create the perfect storm: people are traveling, shopping online, and spending more time on social media—all moments when vigilance naturally drops. The company has identified six major scam types that tend to spike during school holidays, and Audrey Roberts, Customer Operations Executive at RCS, joins us…
2 Apr 4PM 12 min