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 2AM English South Africa Business News · Investing

Other recent episodes

One Year Into The Two-Pot System: How Much Have South African’s Withdrawn?

Guest - Nzwa Shoniwa, Managing Executive: Sanlam Umbrella Solutions From 1 September 2024 to 31 August 2025, Sanlam Corporate paid out approximately R4 billion across 223 000 emergency-pot claims with R1 billion in tax flowing to SARS. On average, we are paying out about R150 million a month, but when…
11 Sep 2025 10AM 14 min

Discovery Group Delivers 30% Rise In Profits

Guest - Hylton Kallner, CEO of Discovery South Africa and Discovery Bank Discovery has delivered record results, posting a 30% surge in profit and entering a new phase of scaled growth with its two main composites, Discovery South Africa and Vitality. We’re joined by Hylton Kallner, CEO of Discovery South…
11 Sep 2025 9AM 18 min

FirstRand Post 10% Rise In Earnings And An Impressive 20% Return On Equity

Guest – Mary Vilakazi – CEO of FirstRand South Africa’s largest banking group, FirstRand, has posted a 10% rise in earnings and an impressive 20% return on equity – well above peers – despite economic headwinds. In this episode, we speak to Mary Vilakazi, the Group CEO, about what drove…
11 Sep 2025 9AM 16 min

What Tractor Sales Tell Us About The State Of Agriculture In South Africa?

Guest – Thabile Nkunjana, Agricultural Economist Agricultural Machinery Sales indicate that August tractor sales of 700 units were 22% more than the 572 units sold in August last year. There have been welcome reactions from agricultural associations about the increase in machinery sales.
10 Sep 2025 10AM 20 min