News24 Business | EXPLAINER | What is bracket creep?
Bracket creep is a term that is used to describe an increase in taxes that occurs when the marginal tax brackets are not adjusted annually for inflation.
FRIDAY, 29 AUGUST 2025, 15:29
Bracket creep is a term that is used to describe an increase in taxes that occurs when the marginal tax brackets are not adjusted annually for inflation.
R7.5 billion has been allocated towards capacity building at SARS. If Commissioner Kieswetter is right, SA should see the benefits soon. But there is a very narrow window for execution, writes Khaya Sithole.
A new study by researchers has found that brown locusts are carriers of harmful yeasts that can cause infections in humans.
Standard Bank delivered lacklustre headline earnings growth of 4% to R44.5 billion for 2024, though its South African operations and insurance and asset management unit performed strongly.
SA can, in fact, sustainably cut borrowings and increase expenditure if it uses SARS proposals to raise an additional R800 billion in revenue. This would also lower bond yields substantially, and so the cost of borrowing, says Annabel Bishop.
Transport unions Satawu and UNTU have rejected Transnet’s latest offer of an above-inflation wage increase for the next three financial years.
Geopolitical tensions may be on the rise globally amid the constant threat of trade wars, but UK grocery landlord Supermarket Income REIT is confident the defensive nature of its portfolio will help it weather the potential storms.
An overview of the biggest business developments in SA and beyond.
Nasdaq-listed Karooooo Ltd., which provides vehicle-tracking and fleet-management services, will provide for an impairment of goodwill in its Mozambique operations due to the political upheaval gripping the southeast African nation.
Truffle Asset Managers won four prizes at the inaugural FundHub investment awards.
Clear regulations defining the designation of digital assets are essential for reporting to the Reserve Bank and for South Africa to exit the FATF grey list, says Marius Reits.
Shelving the VAT hike hasn’t resolved the question: How should SA raise revenue without deepening inequality? VAT increases hit the most vulnerable hardest. Reforming tax breaks on retirement contributions could be a better solution, say the authors.
Shares in consumer goods group AVI fell nearly 4% on Monday as the group flagged supply chain challenges in its fashion business and a weak consumer environment.
SA’s biggest paper and plastics packaging group and recycler, Mpact, has reported a slide in profits as local economic conditions kept a lid on prices in 2024. But the group said it is seeing a promising outlook for SA fruit exports, and along with an anticipated boost from operational investments, it opted to keep its final dividend steady.
Scientists aboard the SA Agulhas II have been tracking ocean health, showing alarming results related to accelerating climate change.
Two rhinos munch serenely on grass as the sun rises over Mount Kenya, oblivious to the massive global endeavour to prevent them being the last of their kind.
Discovvery’s share price gained after the insurance group said in a trading statement on Wednesday that it expects normalised profit from operations to increase by between 25% and 30% for the six months ended 31 December 2024.
US President Donald Trump said on Monday he wanted Ukraine to supply the country with rare earths in return for financially supporting Kyiv’s war effort against Russia.
While Trump’s anti-net zero policies will delay the process of the transition, they will however not derail the green transition ambitions across world economies, write Robert Lewenson and Tana Mongwe.
A Nelson Mandela University researcher discovered that one of the compounds found in a mushroom inhibits the growth of the bacteria that causes TB.
It has been nearly 20 years since the adoption of the National Credit Act – with some progress, huge challenges, and little commitment, writes Gabriel Davel.