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Balancing The Budget – 2025/2026 Highlights
Key Highlights of the Budget Speech: Urgent Need to Grow the Economy Minister of Finance, Enoch Godongwana has delivered his 2025/26 budget and commented that “There is an urgent need to grow the economy faster” acknowledging that the growth at below 1% is not able to change the future of the country from its current
Balancing The Budget – Looking Ahead at 2pm Today
Will South Africa have a peaceful transition into the 2025/26 budget, or will the headwinds blow against the adoption of the budget? After a tumultuous attempt at squeezing a last minute VAT increase through the door, putting paid to a possible adoption of the budget last month, the finance ministry has been working behind closed
Breaking News today – Wednesday 12 March 2025
Business & Tech News Markets Improve with Ukraine – Russia Peace Deal on the Table The US sponsored talks with Ukraine in Iran, has resulted with the Ukraine saying it was open to a 30-day ceasefire in its war with Russia. This has resulted in the US lifting its suspension of aid to Kyiv. The
Tax Pain with Little Gain – Changes needed in Compliance and Service Delivery
The South African Tax Base at a Glance The South African Revenue Service (SARS), collects the bulk of its revenue from three main sources – Personal Income Tax (PIT) at 37.4%, Value Added Tax (VAT) at 25.7%, and Company Income Tax (CIT) at 18.2% of total tax revenues collected. In addition, they collect other income
Labour Alert – “Protected Employee” Structure Amendment in South Africa
Companies and staff employed in South Africa should take note within their human resource management that the employees who earn in excess of a certain amount per year (the “earnings threshold”), in South Africa, do not enjoy the same protection under our labour legislation as lower-earning employees. Earnings Threshold Increase from 1 April 2025 The
Breaking News today – Tuesday 11 March 2025
Business & Tech News X Cyber Attack Late yesterday saw a cyber-attack launched against both social media platform X and Tesla motors, in what appears to be a co-ordinated attempt to attack Elon Musk owned businesses. Musk in a post on X stated that “We get attacked every day, but this was done with a
Digital Banking Revolution on the SA Horizon?
The banking industry is in the midst of a profound transformation driven mostly via evolving digital technologies. With consumers demanding more and more convenience, transparency, and personalized services, the banking industry is faced with the urgent need to re-invent, innovate, and also reshaping the way in which banking is imagined. Major Banking Landscape Revolution This
Hustle Academy 2025 Applications Open
Building on the success of the 2024 edition of the Hustle academy, Google has announced the opening of applications for the 2025 edition. The Hustle Academy program, is a free online development program, aimed at empowering small and medium-sized enterprises (SME’s or SMB’s) across South Africa, Kenya and Nigeria, and will continue to emphasize AI-powered
Breaking News today – Monday 10 March 2025
Business & Tech News Japan’s Government Bond Surges Japan’s 10-year government bond yield saw a surge of almost 1.6% this morning, reaching its best level in more than 16 years. The growth was driven by investors’ confidence that the Bank of Japan will continue raising interest rates this year. Last week, BOJ Deputy Governor Shinichi
New Bond Issuance – Focused on Women-Led Businesses
Côte d'Ivoire’s Ecobank, a subsidiary of Ecobank Transnational Incorporated has issued the first Gender focused bond in West Africa taking a big step forward in its commitment to supporting financial inclusion for women-owned and led businesses in the region. This groundbreaking bond issuance, amounting to $16,5 million, aims to mobilize further funding specifically for women-owned
Cyber Security – Crowdstrike 2025 Global Threat Report
Here are a few key facts you should know about the shifting threat landscape Outlined in the Crowdstrike 2025 Global Threat Report: GenAI Aiding Cyber Attacks Generative artificial intelligence (genAI), for instance has become completely integrated within the cyber attackers arsenal. And it is proving to be highly effective in the hands of security adversaries
AI Adoption and Business Impact – Report Findings
According to the latest Lenovo CIO Playbook 2025 Report, There is a growing adoption of Artificial Intelligence across a wide range of enterprise sectors at an unprecedented scale. The study, conducted in partnership with IDC, provides insights from over 620 Information Technology and business leaders across the CEMEA region, providing a perspective on organizational ambitions,
Microsoft invests an additional ZAR 5.4bn in South African IT Infrastructure
Microsoft’s Vice Chair and President, Brad Smith, was in Johannesburg yesterday, (6 March) to announce an expanded investment plan, with Microsoft to spend an additional ZAR 5.4bn ($297 Million) within the next two years. This additional investment will be utilised in the expansion of the Microsoft cloud and AI infrastructure, that will see the first
Democracy Needs to Lift It’s Head in Africa
With ever increasing political turmoil across the globe, there is a real need for democratic principles to be re-established and for stability to return to the African continent. There has been a deluge of ongoing talk of “economic revolution” across the continent for decades now without any real progress towards sustainable, and stable development, that
SA – GDP increased by 0,6% in the fourth quarter of 2024
The latest gross domestic product (GDP) number for South Africa, saw an increase in GDP of 0,6% in the fourth quarter (Q4) of 2024, following a contraction of -0,1% in the third quarter of 2024. This is good news for the South African market being the highest GDP growth in some time. It is still
Breaking News today – Thursday 6 March 2025
Business & Tech News Google Launches Experimental AI Search Engine Google has launched an experimental version of its search engine that completely utilises an AI-generated summary of search results. The new feature, available to subscribers of Google One AI Premium, can be accessed via the results page for any search query by clicking on a
Millions in Tax Payer Money Saved – Diving License Card Machine Contract to be Cancelled
An Investigation will save taxpayers as much as R898.597 million, thanks to whistle-blowers, OUTA, and a responsive minister and action by the Auditor General of South Africa. An investigation by the Organisation for Undoing Tax Abuse (OUTA) identified irregularities in the acquisition of the large driving licence card machine tender, that has now resulted in
Apple iPad M3 Launched
Apple has introduced its faster, more powerful iPad Air, built with the latest M3 chip and built with Apple Intelligence integration. iPad Air with M3 provides Apple’s advanced graphics architecture for the new iPad Air for the first time, with its power-efficient performance and portability improving the product to a new level. The iPad Air is almost
Keeping the Lights on in Africa
While there is the possibility of a promising future in the development of African renewable energy development, the continent still needs to balance its current dominant reliance on fossil fuels and the need to rapidly develop industries and manufacturing capabilities to boost economies and job creation. The African continent today has the largest population of
Breaking News today – Wednesday 5 March 2025
Business & Tech News Open AI Court Case to go on Trial: A U.S. District Court Judge, Yvonne Gonzalez Rogers has said that she will agree to expedite a trial on the issue of Open AI converting from a non-profit entity, to be set-down for later this year. This was announced after she had declined