• Fri, March 14, 2025

by: BusinessTech

South Africa bans cannibas and hemp products, and Eskom maintenance lie

Here are five other news stories making waves in South Africa today:

by: CNN

Wall Street is turning its back on Trump and flashing an economic warning

On-again, off-again tariffs, mass government layoffs, funding cuts and immigration crackdowns have seriously spooked Wall Street, which is emphatically rejecting President Donald Trump's chaotic economic agenda.

by: Investopedia

Why Filing Your Taxes Early Could Save You Stress and Money

Filing your taxes early can get you your refund faster. You'll have more time to plan how you'll pay your taxes if you prepare your return before the deadline.

by: IOL

Empowering workers and SMEs: key digital inclusion strategies from the B20 Summit

Discover how the B20 summit is shaping a future-ready economy in South Africa through essential digital inclusion strategies for workers and SMEs.

by: Invezz

4 reasons Alibaba stock price is surging this year and what next

Alibaba stock price has bounced back this year, soaring to its highest level since November 2021. BABA rose to a high of $140 in New York, and is beating other technology companies like Amazon and Alphabet.

by: Stocktwits

Crown Castle Stock Gains Premarket After $8.5B Deal To Sell Small Cells And Fiber Solutions: Retail's Divided

Crown Castle (CCI) stock rose 3% in pre-market trade on Friday after the cell tower operator said it would sell its small cells and fiber solutions businesses for a total of $8.5 billion. The communications-focused real estate investment trust (REIT) said it would sell its small cells business to private equity firm EQT AB and its fiber solutions

by: isixsigma

TQM in the Digital Age: How AI and Automation Are Transforming Quality Management

Key Points Total Quality Management is integral for an organization to run as effectively as possible. Utilizing AI within TQM has several benefits, including enhanced data analysis. Automation will lead to a TQM process less prone to human error.

by: Fortune

Hostage training and hours of pre-trip preparation signal the terrifying new reality of traveling for work

Corporate America is worried about their executives, so companies pay millions for CEO security. But rank-and-file workers in the business world are also anxious about travel after the killing of a CEO.

by: GOBankingRates

6 Key Signs You Need To Rethink Your Career Choice

For some, their chosen career gives them a sense of purpose and something to look forward to Monday through Friday. For others, however, it's quite the opposite. Learn More: 7 Key Signs

by: News24

New VAT-free foods: Most canned veg still excluded, but oxtail, tongue may be in

Most canned vegetables will not be included in the list of zero-rated food products, according to new VAT legislation proposed by Finance Minister Enoch Godongwana, in contrast to comments made in his budget speech this year.

by: healthday

Dr. Oz Accused of Underpaying Medicare Taxes Ahead of Nomination Hearing

Senate Democrats are raising concerns about Dr. Mehmet Oz's nomination to lead the Centers for Medicare and Medicaid

by: PCMag

'Disrupt and Leapfrog': Intel's New CEO Charts a (Risky) Comeback Strategy

Intel's new CEO, Lip-Bu Tan, indicates he wants the company to remain in the expensive foundry business, rather than spin it off.

by: WTRF

"Failing to pay employees, provide insurance, or cover taxes is simply wrong," Lawmaker vows support as Ohio hospital faces layoffs and financial struggles

Following the announcement that East Ohio Regional Hospital will begin laying off staff in "ancillary services" on Friday, a local lawmaker has pledged support for both the employees and the community.

by: TheWrap

Justine Bateman Says Trump and Musk Should Use $100 Million of DOGE Savings to Start American Film Fund

MAMGA: Make American Movies Great Again. It might not roll off the tongue as easily as MAGA, but filmmaker Justine Bateman is calling on President Trump to help make it happen. Her proposal: Take a slice of the money the president and Elon Musk are cutting from the federal bureaucracy via the Department of Government Efficiency (DOGE) and use it to finance a handful of feature films each year.

by: MarketWatch

'He claims to be a nihilist': I told my friend to sell his Tesla shares. He stopped speaking to me. Is that normal?

Yet he stopped speaking to me. Is that normal? Former Friend. Related: I'm a Democrat who drives a Tesla. A guy shouted abuse at me for driving a car made by Elon Musk. Should I

by: Dealbreaker

Pharma Firms Mallinckrodt and Endo Agree to Merge in $6.7B Cash and Stock Deal

When the deal closes, Endo will become a wholly owned subsidiary of Mallinckrodt. The combined company will take on a yet-to-be-determined name and is expected to trade on the New

by: Mint

Former L&T Finance chief Sanjay Garyali appointed CEO of microfinance lender Fusion Finance

Fusion Finance appointed its new CEO, Sanjay Garyali, on March 14, who served as the Former L&T Finance chief and also has experience working with Kotak Mahindra Bank.

by: Patch

Woodbridge Twp. Business Summary: What's Coming In 2025

In his State of Township address last Thursday, Mayor John McCormac listed the following businesses that are scheduled to open in Woodbridge in 2025: Other projects in the pipeline for this year and into 2026: And here's what opened in 2024 in Woodbridge: Get great local news.

by: Entrepreneur

The One Reason Most Small Businesses Fail. And No, It Isn't Money

Both the data and my anecdotal experience over the decades show businesses don't fail for the reasons we always hear. It's something else entirely.

by: TechRadar

You can now use an IPv4 address as business collateral - and it could be worth millions

You can now secure a loan using your IPv4 address as collateral - you'll even still be able to access and use it.

by: Week99er

AI Law Firm Marketing Company FirmPilot AI Announces Appointment of Legal Technology Industry Expert Jay Greenberg to Company's Board of Directors

FirmPilot AI, the first AI law firm marketing company that analyzes competing law firms to automatically create better online marketing, has announced the appointment of legal technology industry expert Jay Greenberg,

by: MarketWatch

Banks are feeling the strain as lower-income consumers struggle with inflation and tariff chaos

JPMorgan Chase banking analyst Vivek Juneja said Friday that banks could feel the crunch from U.S. consumers — especially lower-income consumers — as the first quarter of 2025 wraps up in the next couple of weeks, while overall credit strength remains robust for the sector.

by: GOBankingRates

You Might Not Make Enough Money To Get Musk's Potential DOGE Dividend Check: Here's the Salary Cutoff

James Fishback, an investment manager who briefly worked with Vivek Ramaswamy in the earliest days of the Department of Government Efficiency (DOGE), says the idea of "DOGE dividend" payments came

by: Forbes

AI's Expanding Role In Retail And E-Commerce: Balancing Efficiency With Human Touch

Artificial intelligence (AI) is reshaping the way businesses operate in the retail and e-commerce spaces. From streamlining supply chains to enhancing customer interactions, AI is becoming a powerful tool—but like any major transformation, it comes with both opportunities and challenges.

by: Fortune

Publicis New York CEO Carla Serrano and the downside of Trump's war against all

I was talking yesterday with Carla Serrano. Along with being CEO of Publicis New York and chief strategy officer of Publicis Groupe, she is a fellow Canadian and we were commiserating about the impact of the ongoing tariff war on a personal level.

by: IOL

This is how the VAT increase will impact your transport, food and electricity bills

The recent VAT increase proposal in South Africa raises concerns about its impact on low-income households, particularly regarding essential goods and services.

by: Newsweek

Companies and Communities Feel Effects of $20B Climate Funding Freeze

"Many of them are going to go out of business," a clean-energy entrepreneur said of the companies that had been counting on the Greenhouse Gas Reduction Fund.

by: CNN

Elon Musk's Tesla says it could be targeted by retaliatory tariffs

Tesla, the electric car company run by Elon Musk, said this week that retaliatory tariffs against US manufacturers could harm its operations and that the US should carefully consider its trade policies,

by: AOL

Should I sell my house for cash? Pros and cons of cash home sales

The actual meaning of selling a home "for cash" can be a bit unclear. Especially because you'll wind up with money in your bank account no matter how you sell your home, and a Hollywood-style briefcase full of bills is unlikely to be involved.

by: CNN

Fear and resignation after 'world's most powerful company' pays Trump a $100 billion 'protection fee'

It was a surprise ceremony at the White House presided over by President Donald Trump to unveil a $100 billion investment from what he called the world's most powerful company, Taiwan Semiconductor Manufacturing Company (TSMC).

by: GOBankingRates

This Hack From a Career Expert Takes 5 Minutes and Could Increase Your Income (Almost) Overnight

Career hacks can boost professional growth, build strong networks and help achieve goals faster. But can they increase your income? According to Laura Mae Martin, mother of three,

by: AOL

DocuSign CEO: No signs of recession in our business

DocuSign CEO Allan Thygesen says demand remains brisk despite the stock market pullback and rising economic growth concerns.

by: Reuters

Exclusive: Mexican tycoon Slim eyes two of Pemex's key fields, gaining clout in energy sector

Mexican state energy company Pemex is in talks with Carlos Slim which could see the billionaire tycoon help bankroll two of the country's most promising crude oil and natural gas fields, sources familiar with the matter told Reuters.

by: Reuters

India's Wipro to redraw global business lines

Indian IT major Wipro is realigning its four global business lines from April 1 to better address client needs, the company said on Friday. This is its first rejig after CEO Srinivas Pallia took over the role in April 2024,

by: GOBankingRates

Best 3-Month CD Rates and Offers for 2025

CD is a good option if you're looking for a guaranteed rate with no risk. Find out which banks currently offer some of the best 3-month CD rates.

by: Reuters

Hong Kong's AIA misses VONB estimates, unveils $1.6 billion buyback

Hong-Kong based insurer AIA on Friday posted an 18% rise in annual value of new business (VONB) but missed estimates, while announcing a $1.6 billion share buyback that analysts said fell short of market expectations.

by: Insider

Travelers Car Insurance Review 2025

Travelers car insurance offers good rates for homeowners and families but is held back by its customer service. See if Travelers is right for you.

by: Reuters

BMW foresees earnings hit as Europe counts the early cost of tariffs

German carmaker BMW said on Friday it expected tariffs to cost it 1 billion euros this year, while European officials warned the U.S. economy would be the biggest loser if President Donald Trump pursues an "idiotic" trade war.

by: Insider

A government shutdown now seems unlikely. That's giving the stock market a much-needed boost.

Senate Minority Leader Chuck Schumer plans to support a GOP spending bill, signaling the government will avoid a shutdown. Stocks surged Friday morning.

by: Reuters

Wall Street slides as trade war escalates, S&P 500 confirms correction

Wall Street ended sharply lower on Thursday and the S&P 500 confirmed it is in a correction after cool inflation data was overshadowed by fears that the escalating tariff war being waged by the United States against some of its biggest trading partners could reignite inflation and tip the economy into recession.

by: Insider

Here's what could go right for stocks after a brutal tariff-fueled wipeout

There are a handful of scenarios that could get the stock market back on track as it contends with trade war uncertainty and growth worries.

by: Insider

M&A and IPOs slump under Trump: 'It's almost as bad as Covid.'

Wall Street's hopes of a dealmaking and hiring rebound have been put on hold as companies and buyout firms wait for the dust to clear.

by: Reuters

Australia's Westpac settles auto finance class action lawsuit for $81 million

Australia's Westpac Banking Corp has reached an A$130 million ($81.84 million) settlement on a class action lawsuit against the lender over commissions paid to auto dealers over five years, the bank said on Friday.

by: Insider

Will these new, efficient AI models send Nvidia's stock tumbling again?

New AI models from the likes of Google are showing that the technology can be run on fewer Nvidia chips. Will it cause another DeepSeek selloff?

by: Insider

2 credit cards offer up to 5% back when you buy a new house, but there's a catch

These two credit cards earn rewards for buying a home. Are they more advantageous than standard cash-back cards?

by: Insider

Dealmaking slumps over Trump's tariff turmoil. 'It's almost as bad as Covid.'

Wall Street's hopes of a dealmaking and hiring rebound have been put on hold as companies and buyout firms wait for the dust to clear.

by: Insider

I made $48,000 in profits in 4 months on Etsy. Here's how I experimented to find the right products and prices to sell.

Entrepreneur Taylor Posada scaled her new Etsy shop and made over $48,000 in four months using data from Etsy ads, sales, and listing images.

by: Insider

Life after RTO: 11 Amazon employees reflect on the highs and lows of returning to the office full time

Amazon's 5-day return-to-office mandate took effect earlier this year. Some workers applaud the RTO policy, while others say it's ruined their jobs.

South Africa bans cannibas and hemp products, and Eskom maintenance lie

Here are five other news stories making waves in South Africa today:
The article from BusinessTech discusses several key issues in South Africa. Firstly, the South African Health Products Regulatory Authority (SAHPRA) has banned the sale of all cannabis and hemp products, including CBD, due to the lack of proper regulations, causing confusion and concern among businesses and consumers. This decision was made despite the legalization of cannabis for private use in 2018. Secondly, the article addresses the ongoing issue with Eskom, South Africa's primary electricity supplier, where it was revealed that the utility company has been dishonest about its maintenance schedules, leading to unexpected power cuts. This has further strained the already fragile electricity supply situation in the country. Additionally, the article touches on the economic implications of these developments, including potential job losses in the cannabis industry and the broader impact on investor confidence due to Eskom's unreliability.

Read the Full BusinessTech Article at:
https://businesstech.co.za/news/5-things/816863/south-africa-bans-cannibas-and-hemp-products-and-eskom-maintenance-lie/

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