Fact-a-day

Hot Spots

November 21st, 2014

With US$ 1 000 000 one can buy 215.1 SQ Ms of luxury property in Cape Town, 40.2 SQ Ms in New York, 25.2 SQ Ms in London and 15 SQ Ms in Monaco (The Wealth Report 2014. Download Eighty20′s FREE INFOGRAPHIC here: http://bit.ly/1yX1xGG)

This week’s theme: The Rich in Africa

That’s rich

November 20th, 2014

There are 2,325 billionaires globally (individuals with a net worth of US$1 billion or more), 40 of them live in Africa. The top African cities are Cairo with 13 billionaires, Lagos (10), Stellenbosch (4) and Johannesburg (4). (Wealth-X and UBS Billionaire Census 2014)

This week’s theme: The Rich in Africa

Bag Lady

November 19th, 2014

The cost of a 40cm by 55cm by 20cm suitcase at the Louis Vuitton store in Sandton City is R47,500. (Louis Vuitton, Sandton City)

This week’s theme: The Rich in Africa

Bubbles

November 18th, 2014

Research company Euromonitor, found that in 2011 Nigeria had the fastest growing rate of new champagne consumption in the world, second only to France, and ahead of rapid growth nations Brazil and China, and established markets such as the US and Australia. (bit.ly/1zUmQN6)

This week’s theme: The Rich in Africa

Rich (wo)man, Poor (wo)man

November 17th, 2014

In 2013 There were 167,669 ultra-high net worth individuals in the world (US$30 million or more in net assets excluding principle residence), 1% of them live in Africa. In 2011 just over one billion people lived on less than $1.25 a day, around 40% of them live in Sub-Saharan Africa. (The Wealth Report 2014, http://bit.ly/1sMsc5o)

This week’s theme: The Rich in Africa

Income protection

November 14th, 2014

9.3% of South African employees registered on TaxTim contribute toward Income Protection Insurance. (www.TaxTim.com, scroll down for more details)

This week’s theme: Tax

Helping hand

November 13th, 2014

43% of tax returns submitted by SARS eFiling are actually submitted in person inside a SARS branch with a consultant. (SARS annual report 2014)

This week’s theme: Tax

Declared

November 12th, 2014

4.3% of South African employees registered on TaxTim declare a local business on their tax return. 60% of these businesses are property rentals. (www.TaxTim.com, scroll down for more details)

This week’s theme: Tax

Pardon me

November 11th, 2014

Ireland, Denmark, and other EU nations have started to tax cattle owners on cow flatulence. The tax is $18 per cow in Ireland and $110 per cow in Denmark. They hope to curb greenhouse gases, of which livestock like cows are responsible for 18%. (http://bit.ly/1tWUVID)

This week’s theme: Tax

Job description(s)

November 10th, 2014

11% of South Africans registered on TaxTim either changed jobs or worked two jobs in the 2014 tax year. 4% worked three or more jobs. (www.TaxTim.com, or scroll down for more details)

This week’s theme: Tax

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