Daily Dive

Daily Dive

South Africa’s tax hike backfire

BusinessTech South Africa’s 2025 Budget, aiming to raise over R60 billion through a VAT increase, faced skepticism from economists. Data reveals a history of government overestimating revenue projections, leading to shortfalls, especially after tax hikes like the previous VAT increase…

Very serious threat to South Africa

BusinessTech President Ramaphosa, along with other leaders, criticized the US and Israel in an article published in Foreign Policy Magazine. Ramaphosa threatened severe action against Israel, including arresting its leaders. The article condemned US President Trump’s proposal regarding Gaza, warning…

Big Gautrain expansion plans

My Broadband Gauteng Premier Panyaza Lesufi announced plans to expand the Gautrain network to new areas like Soweto, Fourways, Mamelodi, and Lanseria, investing R120 billion. The expansion aims to create 125,000 construction jobs and boost growth in various sectors. Timelines…