Young Professionals discuss what has come to be known as "Black tax" in the African context

1. BLACK TAX
A blessing or a burden?

2. A
FEW
THOUGHTS...
Original meaning of black tax:
The price you pay for being black
e.g being paid less than a white
person when you have the same
job/position
What we mean by black tax:
a colloquial term used to
describe young black people who
share their salary with immediate
and extended family while trying
to manage their own expenses
Burden?
No one likes to pay tax
or
Blessing?
It’s in our African culture to look
after one another

3. “Black tax sees the person’s salary portioned off to support older parents (younger or older siblings) or an
extended family, while trying to raise a young family.”
“This puts one’s responsibilities in a 'sandwich' and hence this is often called the sandwich generation. The
sandwich generation supports the generation above them, as well as the generation below. Making it difficult
for the sandwich generation to save, which will in turn pass this tax down to future generations.”
…as a consequence of living above one’s means and supporting extended family, the sandwich generation
has little or no savings.
Chief Financial Officer of the Savings Institute, Gerald Mwandimbira
Source: https://www.timeslive.co.za/sebenza-live/features/2018-09-05-heres-how-you-can-beat-black-tax/
SOME WISE WORDS…

4. SOME QUESTIONS TO ASK
What type of
dependent am
I dealing with?
What can I
manage?
Am I giving
strategically?
A
Phase
B
Cirmustance
C
Lifecycle
Budget
Communicate
Resources
rather than
money, time,
job, CV,
finding
customers

5. SOME TIPS…
Know your person
Know your capacity
Remember love is messy but worth it, the world
needs love, we need each other, one day it could
be you
Get a support community
Manage expectations
Have those tough conversations
Live within your means
Consider other income streams
Follow through
Help don’t hurt

6. THANK YOU
LINKEDIN
Henrica Makulu
EMAIL
henricamakulu@gmail.com