See Trending
Business and Finance
Source : (remove) : BusinessTech
RSS • JSON • XML • CSV
Business and Finance
Source : (remove) : BusinessTech
RSS • JSON • XML • CSV
  • Fri, April 25, 2025

by: BusinessTech

Government's red tape nightmare, and WhatsApp ordered to make changes in South Africa

GNU not out of the woods: Despite the VAT hike U-turn, the GNU is still under pressure due to the notable disagreements over the contentious budget. The Democratic Alliance (DA) and the African National Congress (ANC) are set to meet on Thursday for another round of talks relating to the Government of National Unity (GNU). [ EWN]
  • Tue, March 25, 2025

by: BusinessTech

Big trouble for South Africans earning over R20,000 per month

Confidence amongst South Africans earnings over R20,000 per month has nosedived, with many expecting the economy and their finances to worsen over the next 12 months. The latest FNB/BER Consumer Confidence Index (CCI) dropped from -6 to -20 index points during the first quarter of 2025.
  • Sun, March 23, 2025

by: BusinessTech

The South African businessman in charge of the UK government's R23 billion investment pot

Leslie Maasdorp is the current CEO of British International Investment (BII), a development financial institution of the UK Government, after serving across South Africa's private and public sectors.

by: BusinessTech

35 South African businesses moved to new safe haven

Albertyn highlighted that over 35 South African-run businesses, including Nedbank, Standard Bank, and Derivco, operate in the Isle of Man or across both jurisdictions.
  • Mon, March 17, 2025

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: BusinessTech

Parliament hacked, and Fitch ratings warning for South Africa

Parliament gets hacked: Parliament's digital team is investigating a hacking incident involving their YouTube and X accounts. On Saturday, a post falsely claiming the president endorsed a cryptocurrency token was uploaded to their X account, linking to their YouTube channel and using hashtags like Solana and crypto. [ EWN]

by: BusinessTech

Parliament hacked, and Fitch ratings debt warning for South Africa

Parliament gets hacked: Parliament's digital team is investigating a hacking incident involving their YouTube and X accounts. On Saturday, a post falsely claiming the president endorsed a cryptocurrency token was uploaded to their X account, linking to their YouTube channel and using hashtags like Solana and crypto. [ EWN]
  • Sun, March 16, 2025

by: BusinessTech

How much the rand should be worth

Efficient Group chief economist Dawie Roodt revealed the rand's fair value compared to where it is trading now.
  • Sat, March 15, 2025

by: BusinessTech

South Africa pays R13,473 every second in debt interest

Award-winning economist Dawie Roodt said South Africa's debt is unsustainable and should be considered a ticking time bomb.
  • 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:
  • Thu, March 13, 2025

by: BusinessTech

South Africa doesn't have a budget

Business leaders have warned that South Africa cannot get complacent thinking that the tabled budget on Wednesday (12 March) is a done deal, saying that it has not been passed, and great uncertainty lies ahead.

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]
  • 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: BusinessTech

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.

by: BusinessTech

This tiny European island is home to a thousand rich South Africans

A small island in the Irish Sea is already home to over a thousand South Africans, and it is looking to attract more people from the country.
  • Sun, March 9, 2025

by: BusinessTech

Godongwana reveals the budget item causing VAT hike chaos in South Africa

Finance Minister Enoch Godongwana is sticking to his guns about hiking VAT in South Africa, even if it's at a lower rate than before.
  • Sat, March 8, 2025

by: BusinessTech

Trouble for South African homeowners with bonds

Despite declining inflation and interest rates, homeowners with bonds are still under financial strain, as evidenced by the increase in overdue home loan payments. This is according to research and analytics firm Eight20's latest Credit Stress Report for the fourth quarter of 2024.
  • Fri, March 7, 2025

by: BusinessTech

Tax hikes expected next week - including VAT

Cabinet has reportedly backed a smaller VAT hike in the new budget - which means other tax hikes are likely to come in as well to make up the balance.

by: BusinessTech

Sage Intacct - The industry-leading cloud finance software for South African businesses

Sage Intacct boasts a wealth of powerful financial and accounting features that will improve productivity and decrease costs.

Government's red tape nightmare, and WhatsApp ordered to make changes in South Africa

GNU not out of the woods: Despite the VAT hike U-turn, the GNU is still under pressure due to the notable disagreements over the contentious budget. The Democratic Alliance (DA) and the African National Congress (ANC) are set to meet on Thursday for another round of talks relating to the Government of National Unity (GNU). [ EWN]
The article from BusinessTech discusses two main issues: the South African government's struggle with bureaucratic red tape and a recent order for WhatsApp to make changes in the country. The government's red tape is exemplified by the lengthy process of obtaining a driver's license, which can take up to four years due to administrative delays and backlogs. This inefficiency is seen as a significant barrier to economic growth and service delivery. On the other hand, WhatsApp has been ordered by the Information Regulator to update its privacy policy to comply with South Africa's Protection of Personal Information Act (POPIA). The regulator found that WhatsApp's current policy does not adequately inform users about how their data is processed and shared with third parties, including its parent company, Facebook. WhatsApp has been given a 31-day deadline to make the necessary changes or face potential fines.

Read the Full BusinessTech Article at:
https://businesstech.co.za/news/5-things/822208/governments-red-tape-nightmare-and-whatsapp-ordered-to-make-changes-in-south-africa/

Like: 👍