Kaya Biz

"SA's tax base is not growing and it feels like we have run out of options"

Keith Engel - CEO of the South African Institute of Taxation It is impossible for South Africa, or any country, to tax itself into growth as a tax system can only react to what is happening in the economy. This is according to the South African Institute of Taxation (SAIT)…

19 Sep 2023 5PM 11 min

Are learnerships still relevant in 2023?

GUEST - Shobana Maikoo, Head of TransUnion’s Global Capability Centre (GCC) Africa Every year billions are spent on training and skills programmes for South Africa’s youth. The challenge is that while they teach tens of thousands of youth new skills, they don’t necessarily create a clear path into actual jobs…

18 Sep 2023 4PM 8 min

80% of fraud cases in SA workplaces are committed internally.

GUEST - Steven Powell, head of law firm ENSafrica's forensics practice It is well-known that people who generate wealth from illicit or illegal activities, like theft, tax fraud or corruption, will conceal their assets amongst ‘seemingly’ legitimate income sources to avoid detection. Lifestyle audits can be used to identify criminality…

18 Sep 2023 4PM 22 min

Agri SA warns govt’s interference amid food price dilemma could have detrimental long-term effects

GUEST - Kulani Siweya is the agricultural economist at Agri SA. Industry body Agri SA has warned that government interference in the food market could lead to empty supermarket shelves. The organisation intends to write to the Agriculture, Land Reform and Rural Development Minister Thoko Didiza to request engagement with…

18 Sep 2023 4PM 8 min

Alcohol Sale Industry - Balancing the scales – economics vs social impact.

GUEST - Angela Russell is CEO of Drinks Federation of South Africa The liquor industry is a key contributor to the economy, directly creating one million jobs in the value chain and about 500 000 jobs directly. It contributes significantly to tax revenues, with a total of R72 billion, along…

14 Sep 2023 4PM 8 min

Higher inflation, a decelerating economy, and weak Rand have affected the luxury market in South Africa

GUEST – Michael Zahariev - Luxity co-founder and CEO The pre-owned luxury market saw an uptick in growth last year fuelled by the surge in "revenge spending" post the COVID-19 pandemic. Now, as 2023 unfolds - a year defined by economic challenges, sociocultural shifts, higher inflation, and a weakening Rand…

14 Sep 2023 4PM 14 min

PIVOT POINT – In conversation with Refilwe Maluleka - MD Yellowwood agency

Refilwe is an experienced marketer with over 15 years in the FMCG sector working across multiple brands and geographies. Refilwe began her career at Unilever in 2006. There she joined the Asia, Africa, Middle East and Turkey (AAMET) team where she worked on the spreads and dressings portfolio across sub-Saharan…

14 Sep 2023 4PM 19 min

INSIDE YOUR POCKET – 11 ways to save like a billionaire

Financial Planner at Consult by Momentum Maybe it’s crossed your mind at some point in time that it must be really rather nice to be, well, ridiculously rich. You’ve possibly even given some thought to what car you’d buy, or what you’d want to splash out on for a loved…

14 Sep 2023 4PM 9 min

Postbank board quits in protest.

GUEST - Professor Peter Goss; Managing Director of Fi-Fa-C Forensics and Professor of Practice in Corporate Governance at the University of Johannesburg The entire board of Postbank has resigned in protest over what they described as “external interference, undue pressure, and influence” from the minister of communications and digital technologies…

14 Sep 2023 4PM 10 min

FNB delivers strong annual results with sustained growth in customers, deposits, and digital users

GUEST - Jacques Celliers – FNB CEO Banking group FNB says it has expanded its customer base over the last year, now counting 8.25 million active retail customers – almost a quarter of which are high-income. Reporting its financials for the full year ending June 2023, the group recorded a…

14 Sep 2023 4PM 12 min

Sanlam Report finds that Only 17% of South Africans are satisfied with their current financial situation

GUEST - Sipho Mncwabe, Head of Adviser Transformation at Sanlam Sanlam has launched its first-ever Sanlam Financial Confidence Index, an annual index which assesses the financial confidence levels of the country’s adult population. The research found that 81% of South Africans surveyed experience stress when managing their personal finances, only…

13 Sep 2023 4PM 25 min

INSIDE YOUR BUSINESS - Hybrid work fuels coworking phenomenon across SA's major cities

GUEST - Louis Fourie - Co-founder of Venture Workspace Key Findings: • 41% of the survey respondents ranked the convenience of having everything already at the office as the most beneficial • 43% of the survey respondents said they would return to a traditional office space only if they had…

13 Sep 2023 4PM 7 min

At least 41 CEOs and CFOs have resigned from their positions in companies listed on the JSE in the past 21 months.

GUEST - Solly Moeng - brand reputation management advisor and MD of strategic corporate communications consultancy DonValley At least 41 CEOs and CFOs have resigned from their positions in companies listed on the JSE in the past 21 months, with the highest turnover seen in CFOs as the role becomes…

13 Sep 2023 4PM 10 min

Campaign launched to drill down on illegal automotive parts market in South Africa.

GUEST - Vishal Premlall National Director of the Tyre, Equipment, Parts Association Almost 200 industry stakeholders, with senior representation from the Department of Trade Industry and Competition (DTIC) and the National Regulator for Compulsory Specifications (NRCS) gathered at Automechanika last week for the launch of the Blow the Whistle Compliance…

12 Sep 2023 4PM 16 min

ITS MY HOUSE- The average age of first-time home buyers keeps going up

GUEST - Renier Kriek, Managing director of Sentinel Homes South Africa’s youth finds itself in a precarious state. Millions are without jobs, while others work in places where they get below the minimum wage. Even those who are employed find themselves in uncertainty as food and fuel prices surge. As…

12 Sep 2023 4PM 12 min

Barclays Bank remains committed to servicing Africa?

Amol Prabhu, Barclays Country CEO for South Africa BARCLAYS Bank’s commitment to the African market is unwavering, Amol Prabhu, Market Head-Africa, for Barclays has stated. For Amol, the reason Barclays continues to resonate extremely well in Africa is that the bank has the competitive advantage, boasts of the right product…

12 Sep 2023 4PM 18 min

State-owned Airports Company South Africa narrows loss to R142m, expects profitability by next year.

GUEST - Mpumi Mpofu - ACSA CEO Airports Company South Africa (ACSA) has today reported its audited financial results for the year to 31 March 2023, which reflect steady recovery and significant improvement on performance as compared to the previous year. Earnings before interest, tax, depreciation and amortisation (EBITDA) amounted…

12 Sep 2023 4PM 11 min

Huge changes for Transaction Capital as CEO, David Hurwitz steps down.

Guest - David Hurwitz - Transaction Capital CEO Transaction Capital, which has stakes in WeBuyCars and SA Taxi, said on Monday CEO David Hurwitz would be stepping down at the end of 2023. The group has been hit this year by a downturn in the taxi market and the effects…

12 Sep 2023 4PM 15 min

Modern cars have the worst data privacy practices - survey finds

GUEST – Loyiso Boyce – Cybersecurity expert and Managing Director of CLYROFOR Car makers have been bragging about their cars being “computers on wheels" for years to promote their advanced features. However, the conversation about what driving a computer means for its occupants' privacy hasn’t really caught up. A new…

11 Sep 2023 4PM 11 min

FOLLOW UP- IoDSA, King Committee express concerns over proposed amendments to Companies Act relating to remuneration

GUEST – Dr Mark Bussin, member of the King Committee and the IoDSA Remuneration Committee Forum The Institute of Directors in South Africa (IoDSA) and the King Committee have warned that new laws around executive pay and the permissions needed by shareholders to implement it could see businesses held to…

11 Sep 2023 4PM 9 min