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

The Future of Airline Overbooking in SA

Aviation analyst Guy Leitch breaks down the National Consumer Tribunal case that could reshape South Africa’s airline industry. We examine the economics of overbooking, the potential fallout for ticket prices, and whether stricter regulation could destabilize a recovering aviation sector.
26 May 4PM 18 min

Q1 2026 Debt Index Shows High Earners Struggling Most

DebtBusters’ Benay Sager unpacks the latest Debt Index, revealing that consumers now need 64% of their income to service debt—and top earners require 101%, starting each month underwater. We explore rising unsecured borrowing, cost‑of‑living strain, and why younger South Africans are entering debt distress earlier than ever.
26 May 4PM 14 min

Investing in the Age of AI: Lessons From Past Disruptions

Allan Gray’s Nshalati Hlungwane explores what history’s great technological revolutions can teach us about today’s AI boom. From railways to telecoms, we unpack why early winners often stumble, how over‑investment cycles form, and why disciplined, long‑term thinking still matters.
26 May 4PM 15 min

Zeda’s Resilient Half-Year Driven by Fleet Growth, Lower Debt

Zeda CEO Ramasela Ganda unpacks a solid interim performance marked by revenue growth, disciplined capital allocation, and a 21%+ ROE. We discuss leasing strength, used‑car demand, the impact of Chinese models on pricing, and how technology is reshaping mobility in South Africa.
26 May 4PM 14 min

What SA Homeowners Are Doing in 2026

The Absa Homeowner Sentiment Index hit an all‑time high of 88%—with — with buying, selling, investing, and renovating sentiment all rising. Tshepo Mashashane unpacks why South Africans remain so confident in property, what’s driving younger buyers, the rise of short‑term rental investment, and the key trends shaping homeownership in 2026.
25 May 5PM 22 min