Do you need a hug bro?Well SARS is currently actively looking into suspicious activity on your account, so maybe next Tuesday. Bra Tabs had to nip out of the office on maternity leave (his wife just had her 2nd child for the year, a healthy baby boy).
As SARS values your contribution to the national tax base, we're only going to charge you 19.25% to let this transaction slide.
So that R25,000.00, sorry R21,647.34 will reflect in your account shortly.
It works like a home loan with compound interest, not like a Telkom account where they add interest if you pay a week late.Oh, this is going to be good. Tell us how you think it works.
WTF does that even mean?
What do you think compound interest means? Your interest compounds daily - if your bond installment clears in your home loan account on the 1st instead of the 2nd, you save money.It works like a home loan with compound interest, not like a Telkom account where they add interest if you pay a week late.
Well, since each installment I pay eats about R5k into the capital of my loan, if my installment clears a day earlier, I save around (500/365)= R1.36. A few rands...WTF does that even mean?