Is Black Tax pressure easing?

FOR MANY young Black professionals in South Africa, “Black Tax” has been a defining reality for decades.

- LESEDI JONGA

This term describes the financial assistance that working individuals offer to their families. It usually covers necessities such as household expenses, education, and healthcare. However, the question of whether the Black Tax will become a lighter or heavier burden in 2025 still persists, considering high unemployment, slow economic growth, and rising living expenses.

Economic strain

Post-pandemic unemployment in South Africa remains above 30%, and with inflation driving up the cost of necessities, it is difficult for the nation’s economy to recover.

Stats SA reports that the cost of living has increased by 8% in the last 12 months, putting more pressure on young professionals who support their families.