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

Why CMOs Belong in the Boardroom

Ahead of Africa’s Biggest Marketing Conference™, Dale Hefer — CEO of the Nedbank IMC — joins Kaya Biz to unpack why marketing must sit at the centre of commercial performance. She explores this year’s theme, Shift Happens™, the rise of AI at African scale, and the capabilities that will define…
24 Aug 1PM 21 min

South Africa’s Tourism Reset: Collaboration & Alignment

South Africa’s tourism sector is entering a new era — one defined by collaboration between government, private sector players and destination bodies. Interim CEO of South African Tourism, Sechaba Motsieloa, joins Kaya Biz to unpack the key messages from the SATSA Conference and what alignment means for the sector’s future…
24 Aug 1PM 8 min

Advtech Delivers Double‑Digit Growth Amid Surging Enrolments

Advtech has posted another solid set of interim results, with revenue up 8%, operating profit rising 14% and headline earnings per share climbing 16%. CEO Geoff Whyte joins Kaya Biz to unpack the drivers behind the group’s performance — from enrolment growth to tighter debtor management — and the board’s…
24 Aug 12PM 10 min

Corporate Shake‑Ups: What SPAR, PIC & SAA Reveal About Leadership

Leadership advisor Andrew Woodburn joins us in studio to unpack the wave of executive and board instability across corporate South Africa — from SPAR’s sudden resignations to governance pressure at the PIC and ongoing turbulence at SAA. We explore succession gaps, interim CEO challenges, board accountability, investor confidence, and the…
20 Aug 1PM 30 min

Inside Exxaro’s 20% HY’26 Earnings Dip: Costs, Coal & the Road Ahead

Exxaro CEO Ben Magara unpacks the miner’s mixed half‑year performance: revenue up 7% and production up 11%, but headline earnings down 20% amid cost pressure and currency effects. We explore record safety results, stronger export volumes, the manganese acquisition, and Exxaro’s long‑term shift toward energy and future‑facing metals.
20 Aug 12PM 16 min