• Wed, March 12, 2025

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: 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: 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a local Iraqi TV channel on Wednesday that the waiver guaranteed by the United States on importing Iranian gas has not been revoked and is still in effect.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: 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

Junior Bridgeman, a Louisville legend and former NBA star, died from a medical emergency at the Galt House on March 11.

by: Insider

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

Repurpose, a home and kitchen brand, is using AI to streamline its financial processes, marketing, and employee reviews.

by: Bloomberg

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

The country's biggest pensions, known as the Maple Eight, oversee roughly C$2.3 trillion ($1.6 trillion), about a quarter of which is invested in Canada, according to Bloomberg calculations. Many Canadian politicians and business people aim to make that portion grow much larger — putting further pressure on the country's pension model.

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: 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: 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: CNBC

Southwest is adding baggage fees and credit card perks

If you don't have Southwest elite status, the cheapest option for getting a free checked bag will be the Southwest Rapid Rewards® Plus Credit Card. It has a $69 annual fee, which may be as much as the baggage fees for a round-trip flight.

by: CNET

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

It's the end of a (free) era: Southwest Airlines will begin charging for checked bags at the end of May.

by: Fortune

Technologist at 107-year-old company warns about overspending on AI: 'People can get carried away'

Sastry Durvasula talks about helping bring a legacy company into the digital age by deploying AI.

by: Reuters

Bank climate coalition seeks to overhaul rules, chair says

The world's leading climate coalition for the banking sector is canvassing members over changes to its rules, its chair told Reuters, following the withdrawal of some of the biggest banks and as the real economy falls short of more ambitious climate action.

by: Forbes

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

Businesses that adapted to digital transformation surged ahead, while those that didn't struggled to stay relevant. Today, we're facing a new divide—one that's moving even faster. Artificial intelligence and machine learning are revolutionizing industries,

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: 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: 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.
  • 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

The S&P 500 added 0.5% on Wednesday, March 12, after a key inflation report showed consumer prices increased at a slower-than-expected pace last month.

by: Zawya

RemotePass and Wafeq partner to automate payroll and accounting for UAE & KSA businesses

RemotePass, a UAE-based global payroll platform, and Wafeq, a UAE-based accounting software provider, have partnered to fully automate payroll accounting for businesses in the UAE and KSA. This integration seamlessly syncs payroll and financial data from RemotePass to Wafeq's accounting system in real-time,

by: NewcastleWorld

Short-term growth concern, long-term resilience: New report on UK manufacturing small business outlook over time

As a new year gets underway, UK small businesses in the manufacturing sector have been among the least likely to predict growth during the first three months of 2025 - according to research from Novuna Business Finance.

by: Kiplinger

Don't Make These Five Mistakes on Your Tax Return

Here are some common tax errors you should avoid on your current tax return. Taxpayers not eligible for an SSN must have an IRS individual taxpayer identification number (ITIN). ITINs are 9-digit numbers issued by the IRS to taxpayers that don't have a SSN for U.S. federal tax purposes.

by: Barchart

Stocks Slip Before the Open as U.S. Shutdown Fears Grow, PPI Data in Focus

S&P 500 E-Mini futures (ESH25) are down -0.21%, and March Nasdaq 100 E-Mini futures (NQH25) are down -0.36% this morning as concerns about whether Washington lawmakers will avert a government shutdown this weekend contributed to uncertainty regarding the U.

by: MarketWatch

Mallinckrodt and Endo plan merger as they look to recover from opioid litigation

The new entity will be listed on the New York Stock Exchange and is expected to generate pro forma revenue of $3.6 billion in 2025 and at least $150 million of annual operating synergies by year three.

by: Moneycontrol

NIFTY 50 Intraday: Shriram Finance and Tata Motors Among Top Losers; Bharat Elec and SBI Lead Gains

Among the top losers in the NIFTY 50, Shriram Finance led the decline, falling 2.8% to Rs 619.10. Tata Motors followed, decreasing by 1.82% to Rs 656.15. Hindalco also saw a decrease of 1.66%, reaching Rs 678.40. Wipro shares fell by 1.62% to Rs 264.20, and HDFC Life experienced a drop of 1.5%, settling at Rs 622.55.

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: Forbes

What Trump's Presidency Means For Medicare (And What You Can Do About It)

Medicare is always a hot topic, and every time there's a shift in the White House, people start speculating about how it will impact the healthcare landscape. When you bring up "Trump" and "Medicare" in the same sentence,

by: Insider

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

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by: Reuters

Canada's CIBC names capital markets head Harry Culham as next CEO, Dodig to retire

Canadian lender CIBC on Thursday named capital markets head Harry Culham as its next CEO, replacing Victor Dodig who will retire in October after over a decade at the top.

by: Reuters

Thai business group urges PM to negotiate with U.S. amid tariff fears

A Thai business group on Thursday urged Prime Minister Paetongtarn Shinawatra to negotiate with the United States and consider lowering import taxes on U.S. goods, as the government met with the private sector to discuss U.

by: Reuters

Drugmakers Mallinckrodt and Endo to merge in nearly $7 billion deal

Mallinckrodt and Endo , drugmakers with a shared history of facing U.S. opioid litigation, have agreed to merge in a deal valued at nearly $7 billion.

by: Reuters

Exclusive: Citigroup plans to slash IT contractors, hire staff to improve controls

Citigroup plans to dramatically reduce its reliance on information technology contractors and hire thousands of employees for IT as the lender grapples with regulatory punishments over data governance and deficient controls.

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.

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.
The South African wine industry has expressed strong opposition to the government's decision to increase excise taxes on wine by 7.17%, which they argue is unfair and not aligned with inflation rates. This tax hike, effective from February 22, 2023, was announced by Finance Minister Enoch Godongwana during the 2023 Budget Speech. The industry, represented by bodies like Vinpro and the South African Liquor Brand Owners Association (SALBA), contends that this increase will negatively impact the sector, which is already facing numerous challenges including load shedding, rising production costs, and logistical issues. They highlight that the tax increase is significantly higher than the inflation rate, potentially leading to reduced competitiveness in both domestic and international markets, and could result in job losses and decreased economic contribution from the wine industry. The industry is calling for a more balanced approach to taxation that considers the sector's economic and social contributions.

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https://www.msn.com/en-za/money/economy/south-africa-wine-condemns-unfair-excise-tax-decision/ar-AA1AMaNS