• Mon, March 17, 2025

by: Moneyweb

eThekwini allocates R10bn to rebuild municipal infrastructure

Thekwini Municipality has earmarked approximately R10 billion to restore its water, electricity, and solid waste management infrastructure, aiming to enhance service delivery and ensure long-term sustainability.

by: CNN

Forever 21 is going out of business in the United States

A Forever 21 store in New York seen in February 2025. - Yuki Iwamura/Bloomberg/. Forever 21 isn't even cool enough to exist anymore. The retailer's US operating co

by: BusinessTech

South Africa has no more money

The Centre for Development and Enterprise's executive director, Ann Bernstein, warned that South Africa has run out of money.

by: MARCA

What to do if you receive a text message from the IRS about the $1,400 stimulus payment? It could be a scam

by: SiliconANGLE

Shadow AI: Companies struggle to control unsanctioned use of new tools

The multinational retail chain where Katie Smith worked in data analytics and finance for six years was so concerned ... chief information security officer at Stratascale, the business name of SHI International Corp. Organizations are pursuing a variety ...

by: Kiplinger

CoreWeave IPO: Should You Buy CRWV Stock?

The CoreWeave IPO will mark the biggest public offering of the year, with the AI cloud company expected to start trading on the Nasdaq in late March.

by: Investopedia

What Negative Return on Equity (ROE) Means to Investors

In the ROE formula, the numerator is net income or the bottom-line profits reported on a firm's income statement. The denominator is equity, or, more specifically, shareholders' equity. When net income is negative, ROE will also be negative.

by: LAist

Checking in on Medi-Cal as state approves $3 billion loan and concerns of federal cuts loom

Today on AirTalk, California approved a $3 billion loan for Medi-Cal amidst looming federal cuts. Want to get paid to be politically engaged and hold your public officials accountable? A local initiative called "LA Documenters" will train and pay you to take notes at public meetings.

by: Narcity

CBSA is looking to hire for these jobs across Canada and you can make over $100,000

Use precise geolocation data and actively scan device characteristics for identification. This is done to store and access information on a device and to provide personalised ads and content, ad and content measurement, audience insights and product development. List of Partners (vendors)

by: Dawn

No proposal to revise govt pay scales under consideration, clarifies finance ministry

Ministry statement says media reports claiming salaries would remain unchanged in next fiscal year "not based on reality".

by: SmartAsset

Ask an Advisor: I Need $3500 Per Month to Cover My Expenses. Should I Take Social Security or Tap My 401(k)?

I'm retired and receive a pension but I still need to supplement my monthly income. My choices are to claim Social Security or start withdrawing money from my 401(k). I'm 64 and have $200,000 in a 401(k).

by: Vanguard

Strategic cost management in a shifting global economic landscape

Balancing efficiency and innovation in uncertain times By Dayo Odunfa Introduction In today's complex and unpredictable economic environment, CFOs and senior finance leaders face unprecedented challenges.

by: Bloomberg

Trump's Crypto Project Has Raised $550 Million in Token Sales

World Liberty Financial, the crypto project promoted by President Donald Trump, has completed its second set of token sales and raised a total of $550 million in gross proceeds, according to a press release.

by: Reuters

Canada reviews fighter deal, says it relies on US too much for security

Canada is looking for possible alternatives to its deal to buy U.S. fighter jets in part because it relies too much on the United States for security, Prime Minister Mark Carney said on Monday.

by: Moneycontrol

Trade Spotlight: How should you trade Coal India, Kotak Mahindra Bank, Varun Beverages, Shriram Finance, JSW Steel, and others on March 18?

The benchmark indices bounced back with half a percent gains on March 17, making a good start to the week after the correction in the previous week. However, the market breadth remained in favour of the bears,

by: Bizcommunity

Mining services company secures dynamic capital funding from Edge Growth

Modwal Trading, a full-service mining, construction, transportation and logistics company based in the Northwest, has been selected for funding from small business development specialist Edge Growth.The team at Modwal TradingThis interest-bearing loan amounting to R1,

by: Variety

Netflix Shares Rise on Bullish Analyst Upgrade Citing Potential for Future U.S. Price Hikes, Outlook for Strong Ad Growth

Netflix got a vote of confidence from MoffettNathanson analysts, which upgraded estimates on potential U.S. price hikes and ad growth.

by: Forbes

Balancing AI Costs And Performance: Strategies For Running LLMs In Financial Services

By implementing strategies such as fine-tuning smaller models and real-time AI cost monitoring, financial institutions can maximize AI ROI without sacrificing performance

by: cnbctv18

Finance Ministry reveals director vacancies at public sector banks: Full list here

As of now, the position of Chairman of the State Bank of India and all the positions of Managing Director and Chief Executive Officer in nationalised banks are filled. It also made clear that there was no proposal under consideration to amalgamate the other public sector banks with SBI.

by: KHON2

Forever 21 files for bankruptcy and will close all US locations

Forever 21 has filed for bankruptcy for the second time in nearly six years and will begin winding down its U.S. operations, with all locations already beginning going-out-of-business sales.

by: Entrepreneur

Lack of Accountability Is the Silent Productivity Killer. Here's How to Stop It From Derailing Your Business.

Lack of accountability crushes productivity. You can put all the right systems, processes and KPIs in place, but if people aren't accountable for their assignments and objectives, none of this will matter.

by: AOL

These are the top 25 US presidents, according to historians and biographers

Historians rated the US presidents on leadership qualities. The survey did not include Joe Biden since he was still in office when it was conducted.

by: Quartz

Temu and Shein aim for U.S. market supremacy, challenging Amazon's hold

Temu and Shein, two Chinese fast-fashion giants, are determined to increase their dominance in the U.S. market, challenging Amazon's efforts to capture a share of the budget-friendly e-commerce space.

by: Insider

Forever 21 says 'de minimis' exemption used by Shein and Temu is partly responsible for its second bankruptcy

Forever 21 said it can't compete with e-commerce companies that send small packages without paying tariffs via the "de minimis" exemption.

by: CNET

Tariffs Explained: What They Mean for You and Your Everyday Costs

The rollout of President Donald Trump's tariffs was messy, uncertain and caused widespread market volatility, and eventually that noise is coming for your bottom line.

by: KHON2

Affordable housing bills still alive at Hawaii legislature

Scott Settle, managing principal at Settle Meyer joins producer/host Coralie Chun Matayoshi to discuss bills still alive in the legislature after first crossover, including subsidy reforms to make

by: AOL

What are the safest ways to send money internationally?

Wire transfers are the traditional go-to for international money transfers. They move funds directly from one bank account to another, usually via the SWIFT network, which is trusted worldwide. Banks also use strong security measures because they prioritize safety in money transfers, so you're typically in good hands.

by: Quartz

Forever 21, Hooters, and 7 other restaurant and retail chains going bankrupt right now

Coresight Research, a retail and technology data platform, predicts an escalation this year, with around 15,000 stores expected to shutdown. Among the notable closures are some major names like Hooters and Big Lots (BIG).

by: Insider

Robinhood is getting into prediction-betting markets just in time for March Madness

The investing app will offer a predictions market hub. Early offerings include bets on March Madness and the direction of interest rates.

by: Reuters

Moody's places IndusInd Bank's credit assessment on review for downgrade

Moody's Ratings said on Monday it has placed IndusInd Bank's baseline credit assessment (BCA) under review for downgrade due to concerns over "inadequate internal controls" after the lender found discrepancies in its derivative accounts.

by: Bloomberg

Hong Kong Billionaire Developer Lee Shau-Kee Dies at 97

Kee, the Hong Kong billionaire known as "Asia's Warren Buffett" and whose business empire included real estate, utilities and public infrastructure, has died. He was 97.

by: Insider

An AI imaging firm says Johnson & Johnson stole its tech. Testimony began Monday.

First witness testifies in NYC trial over a small AI company's claim that Johnson & Johnson stole its surgical robotics tech.

by: Reuters

UK finance minister Reeves to unveil action plan to cut over-regulation

British finance minister Rachel Reeves will meet financial, environmental and health regulators on Monday to unveil an "action plan" to cut red tape by reducing the number of bodies overseeing sectors seen as crucial to boosting economic growth.

by: AOL

Elon Musk and Sam Altman finally agree on something: When their courtroom showdown should start

Elon Musk and Sam Altman have suggested to a judge that a trial to settle their differences over the future of ChatGPT creator OpenAI should begin in December.

by: Reuters

ESG Watch: New SEC rules under Trump turn up the heat for sustainable investors

The targets of President Donald Trump's attacks are many and various, but one area to which he has been consistently hostile is ESG, the environmental, social and governance risks that have become increasingly important to investors in recent years.

by: Insider

3 things to do now if recession jitters have you questioning your retirement plans

Recession fears have some worried, but financial advisors and economists said older Americans shouldn't make major changes to retirement accounts.

by: Insider

FreeTaxUSA Review 2025

Read our in-depth FreeTaxUSA review to discover its features, pricing, ease of use, and customer support. Find out if FreeTaxUSA is the right tax software for your needs in 2025.

by: Reuters

Explainer: What's next for South Africa's budget and planned VAT hike?

South Africa's lawmakers will scrutinise the 2025 budget in the coming weeks, with amendments not ruled out as political parties weigh up a contentious plan to raise value-added tax.

by: Reuters

Policy Watch: Tough road ahead for nature, despite 'historic' conservation pact

There were tears of joy in Rome last month as negotiators reconvened to pick up where COP16 biodiversity talks left off last November. In what was described as a win for multilateralism, they agreed a strategy to mobilise $200 billion annual funding for developing nations by 2030 and beyond,

by: Reuters

Israeli war spending in Gaza, Lebanon tops $30 billion in 2024 -Finance Ministry

Israel spent 112 billion shekels ($31 billion) on its military conflicts in Gaza and Lebanon in 2024, the Finance Ministry said in a report on Monday.
  • Tue, March 18, 2025

by: Week99er

Discover The Best Crypto Presale to Invest In 2025: 5 Hidden Gems with Massive Potential

What if you had the chance to get in early on the next big thing in crypto? 2025 will be a transformative year for blockchain, with several innovative projects gaining momentum. The crypto market is no longer just about hype—it's about solving real-world problems,

by: GlobalData

Novuna Business Finance partners with BBB for green asset finance pilot

The initiative under the Growth Guarantee Scheme aims to expand funding for SMEs investing in low-carbon assets.

by: Moneycontrol

Urgent Loan Apps: How they work and other key details to check before borrowing

Need cash fast? Urgent loan apps provide quick approvals and instant disbursals, but it's important to compare interest rates and terms before borrowing. Here's what you need to know.

by: Monitor

Plan your business exit early

The partnership between an investor and entrepreneur always has an end time. Therefore, every entrepreneur, even before signing the investment contract, should have the exit in mind.

by: Bloomberg

Vietnam at 'Real' Risk of New US Tariffs, US Business Group Says

The Trump administration could slap new tariffs on Vietnamese goods as a tool to rebalance trade between the US and the Southeast Asian Country, U.S.-Asean Business Council President and Chief Executive Officer Ted Osius said at a Hanoi briefing.

by: Reuters

Defence firm QinetiQ warns of US, UK contract award delays, shares fall

British defence and security company QinetiQ warned on Monday of delays in short-term contracts being awarded in the U.S. and UK, where new policies are being implemented after changes in government.

by: Forbes

Smart Strategies For Improving Cost Control, Efficiency And Sustainable Growth

Maximize efficiency and cut costs with smart AI, automation, and cloud strategies. Discover how FIS achieved sustainable growth with these solutions!

by: Insider

An HR company says it used a Slack trap to catch a corporate spy

A Rippling lawsuit says a spy locked himself in a bathroom when approached with a court order to seize his phone.

eThekwini allocates R10bn to rebuild municipal infrastructure

Thekwini Municipality has earmarked approximately R10 billion to restore its water, electricity, and solid waste management infrastructure, aiming to enhance service delivery and ensure long-term sustainability.
The eThekwini Municipality in South Africa has allocated R10 billion to rebuild and repair municipal infrastructure damaged by the April 2022 floods. This funding will be used to restore essential services like water, sanitation, electricity, and roads, with a significant portion, R1.5 billion, specifically earmarked for water and sanitation repairs. The municipality has already spent R600 million on immediate repairs and is seeking additional funding from the National Treasury. The floods caused extensive damage, leading to the loss of life and displacement of residents, and the recovery efforts are expected to take several years. The city is also focusing on improving disaster management and resilience to prevent future catastrophes.

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https://www.moneyweb.co.za/news/south-africa/ethekwini-allocates-r10bn-to-rebuild-municipal-infrastructure/

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