• Wed, March 12, 2025

by: BusinessTech

The big winners and losers in South Africa's 2025 budget

The Treasury committed R5 billion to the military to fund a peacekeeping mission in eastern Congo, where Rwanda-backed rebels have wreaked havoc. Many South African troops have died in the central African nation, and regional groups haven't managed to broker a ceasefire so far.

by: MarketWatch

I invested $4,000 in 2020 when the market crashed. It's now worth $55,000 with 65% in Nvidia. Am I now in trouble?

I had $3,000 when the stock market crashed in 2020. I immediately invested that in stocks, letting myself become homeless (sleeping in the local park by a gym where I could shower

by: IOL

South Africa Wine condemns unfair excise tax decision

Finance Minister Enoch Godongwana said in the 2025 Budget that government will impose more taxation on tobacco and alcohol products in the coming year.

by: WTOL

Financial stress rises as tax season approaches; experts warn of common mistakes and scams

With the April 15 tax deadline just a month away, stress is mounting for millions of Americans. Experts with the IRS said tax season often worsens existing money worries, leading to last-minute filings and potential mistakes.

by: Forbes

18 Ways To Navigate Financial Challenges And Protect Your Organization

Leaders experiencing financial losses should take a hard look at their fixed and variable costs. By cutting unnecessary fixed expenses and bo

by: CNET

Own a Home? Here's How the Mortgage Interest Deduction Will Lower Our Tax Bill

Like most filers, we usually take the standard deduction, but itemizing our taxes is saving us money this year.

by: Yahoo

Fat Tomato Grill owner passing the torch: 'It's been a hell of a run'

Greg Flagg and his wife, Karen Henderson Flagg, will succeed Charlie Caramihalis as the new owners of Fat Tomato Grill in York on March 22, 2025.

by: Fortune

Companies that want to hire workers with AI skills need to focus on this 3-part strategy

Workers with AI skills are in high demand and companies are struggling to source talent.

by: Reuters

US keeps Iran gas waiver but ends power exemption, says Iraqi PM adviser

The Iraqi prime minister's foreign affairs adviser, Farhad Alaaeldin, told a local Iraqi TV channel on Wednesday that the waiver guaranteed by the United States on importing Iranian gas has not been revoked and is still in effect.

by: Week99er

Top Cryptos to Invest in Today: Qubetics Presale Explodes, SEI's $120M Exit, and Ethereum's ETF Outflows

Qubetics, SEI, and Ethereum are making headlines. Find out why Qubetics is one of the top cryptos to invest in today, and how SEI and Ethereum are developing.

by: AOL

Tesla US registrations dip 11% in January, the latest sign of demand weakness and consumer backlash

S&P Global Mobility reports registrations for Tesla vehicles in the US dipped to 43,411 in January, an 11% dip compared to a year ago. Though Tesla retained the top spot in terms of US market share at 42.5%, it represented a whopping drop of 12 percentage points from a year ago. Automotive News first published the S&P data.

by: CNN

US inflation cooled in February, but Trump's tariff plans and trade war loom

Inflation slowed more than expected in February and cooled for the first time in four months, but that progress may be short lived as President Donald Trump ramps up his trade war, which threatens to increase prices for Americans.

by: FXStreet

Crypto Today: BTC, Pi Network and HBAR rally as US CPI triggers $40B buying spree

The combination of $117 million in stablecoin inflows, $370 million pouring into memecoins amid a 7.4% sector-wide surge, and the latest US CPI data showing cooling inflation all point to a recovery phase that could be sustained in the near term.

by: WHAS11

'He was constantly giving' | Louisville remembers Junior Bridgeman's life and legacy

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by: KFVS12

Heartland business owners in the steel industry address the impact of tariffs

Heartland business owners brace for price hikes as President Donald Trump increases tariffs on steel and aluminum--while other countries retaliate.

by: Insider

This eco-friendly brand offers compostable alternatives to household items. AI has been key to scaling its operations.

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by: Bloomberg

Amid trade war, 'Buy Canada' pressure builds on $1.6 trillion in pension pots

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by: TheWrap

Fox Business Host Slams Trump White House - and Former Co-Host - For Dodging Her Requests to Talk Economy: 'I'll Air Dirty Laundry All Day'

The people who work for these Treasury Secretaries need to answer a text message. It's shameful," Secretary of Transportation Sean Duffy's former co-host Dagen McDowell says The post Fox Business Host Slams Trump White House - and Former Co-Host - For Dodging Her Requests to Talk Economy: 'I'll Air Dirty Laundry All Day' appeared first on TheWrap.

by: Mediaite

Fox's Laura Ingraham Advises Viewers to 'Ignore' Tumbling Stock Market Because Trump 'Is Good for Business'

Fox News host Laura Ingraham advised her viewers to "ignore" the tumbling stock market and "sky is falling reports in the regime press." The post Fox's Laura Ingraham Advises Viewers to 'Ignore' Tumbling Stock Market Because Trump 'Is Good for Business' first appeared on Mediaite.

by: CNBC

Amazon, Google and Meta support tripling nuclear power by 2050

The pledge is nonbinding, but highlights the growing support for expanding nuclear power among leading industries, finance and governments.

by: GOBankingRates

Bank of America Wire Transfer: How to Send, Receive and Fees Explained

This guide breaks down everything you need to know about making a Bank of America wire transfer, from setting up transfers to receiving them. Read on for more:

by: Bloomberg

Schumer Says Democrats Will Block GOP Plan to Avert Shutdown

Senate Democratic leader Chuck Schumer said his party would block a Republican spending bill to avert a government shutdown on Saturday and urged the GOP to accept a Democratic plan to provide funding through April 11 instead.

by: Insider

Billionaire Leon Black gave even more money to Jeffrey Epstein than we knew, Senate investigators say

The Apollo Global Management cofounder said he paid Jeffrey Epstein for tax advice. A US Senator investigating the financial transfers is skeptical.

by: CNET

Southwest Airlines Just Axed This Travel Perk, but There Are Still Ways to Get It for Free

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by: CNBC

Southwest is adding baggage fees and credit card perks

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by: Fortune

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by: BusinessTech

Medical aid tax credits, fuel levies and VAT - what to expect in South Africa's new budget

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by: AOL

Treasury Secretary Scott Bessent to CEOs: It's common sense to cut taxes

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by: Reuters

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by: Forbes

What The Digital Divide Can Teach Us About The AI/ML Revolution

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by: GOBankingRates

Here's How Inflation Impacts Your Bank Account (And How To Take Advantage)

Inflation isn't just a buzzword -- it has real effects on your finances, from the interest rates on loans to the value of your savings. Find Out: If You're Thinking About Getting a CD, Suze

by: Fortune

CEOs are turning to AI for business advice and they trust it even more than their friends and peers

Executives aren't just using AI to crunch numbers, they're looking for the robots to make decisions for them.

by: AOL

Intel stock climbs following report that TSMC has pitched Nvidia, AMD on venture to run Intel's foundry business

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by: Reuters

Italy signals light touch when reviewing UniCredit's bid for BPM

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by: Insider

What is Tax Liability? Understanding Your Financial Obligations

Understand what tax liability is, how it's calculated, and its impact on your finances. Learn about different types of tax liabilities and how to manage them effectively in 2025.

by: Reuters

French defence build-up must not push finances off course, minister says

French government plans to increase defence spending must be designed in a way that does not push strained public finances off course, Finance Minister Eric Lombard said on Wednesday.

by: Insider

Tax Relief Services: Your Guide to Financial Stability

Discover top-rated tax relief services to help you resolve tax issues, reduce debt, and avoid penalties. Learn how professional tax resolution services can assist you in achieving financial stability in 2025.

by: Reuters

Brazil will not retaliate against US steel tariffs immediately, minister says

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by: Insider

One man stood between Trump and a recession. Now he's gone.

Wall Street assumed that the stock market would act as a check on Donald Trump's worst economic impulses. That isn't panning out.

by: Insider

End of the road for EV battery maker that raised $15 billion from investors including Goldman Sachs and BlackRock

The Swedish company aimed to become Europe's main EV battery maker and take on Chinese rivals, but filed for Chapter 11 protection in November.
  • Thu, March 13, 2025

by: KKTV

Small business advocate worried as SBA office set to relocate from Denver

Small Business Administration officials announced relocations for regional offices in multiple cities, including Denver.

by: Stocktwits

Cleveland-Cliffs, Steel Dynamics, US Steel, And Other Metal Stocks Surge As Trump's Tariffs Take Effect: Retail's Bullish

Shares of steel and aluminum companies like Cleveland-Cliffs Inc. (CLF), Steel Dynamics Inc. (STLD), United States Steel Corp. (X), and others surged on Wednesday as U.S. President Donald Trump's proposed tariffs took effect.

by: Investopedia

S&P 500 Gains and Losses Today: Tech Stocks Bounce Back After Soft Inflation Data

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by: BusinessTech

SARS boost to hunt more taxpayers, and Post Office plan to block couriers

SARS taxpayer hunt boost: Following SARS commissioner Edward Kieswetter's argument that he needs more funding to collect more tax, the National Treasury has increased the size of the revenue service budget by R4 billion, bringing the total over the next three years to R7.5 billion. [ Business Day]

by: Moneycontrol

India's biggest lender SBI to set up AI, fintech project finance unit

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by: Insider

Elon Musk must turn over records and answer questions on what he's doing at DOGE, judge orders

A federal judge ordered Elon Musk and the Department of Government Efficiency, or DOGE, to hand over documents and answer questions about their plans to trim federal agencies. US District Judge Tanya Chutkan said in her order on Wednesday that Musk and DOGE have to comply with the discovery request in three weeks.

by: Reuters

DP World flags uncertain outlook after annual profit slumps 28%

DP World, a Dubai-owned ports and logistics company, reported on Thursday a 28% drop in annual profit, citing higher finance costs and highlighting an uncertain outlook due to "geopolitical risks" and a "changing global trade landscape.

by: Reuters

Deutsche Bank sees 2025 revenue gains at all four main businesses

Deutsche Bank on Thursday forecast increased revenue in 2025 at its investment bank and three other main business units.

Medical aid tax credits, fuel levies and VAT - what to expect in South Africa's new budget

Economists at Nedbank lay out what they expect from Finance Minister Enoch Godongwana's second attempt to balance South Africa's books.
The article from BusinessTech outlines expectations for South Africa's new budget, focusing on several key areas. Finance Minister Enoch Godongwana is set to address adjustments in medical aid tax credits, fuel levies, and VAT. There's speculation about potential increases in personal income tax, adjustments to medical aid tax credits which might not keep pace with inflation, and possibly a rise in fuel levies despite public discontent. The government might also consider changes to VAT, although increasing it could be politically sensitive. Additionally, the budget might include measures to support economic recovery, manage the country's debt, and address ongoing issues like load shedding and unemployment. The article also hints at possible tax incentives or relief measures aimed at stimulating economic growth and supporting the middle class amidst rising living costs.

Read the Full BusinessTech Article at:
https://businesstech.co.za/news/budget-speech/816290/medical-aid-tax-credits-fuel-levies-and-vat-what-to-expect-in-south-africas-new-budget/

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