Kaya 959 Kaya Biz

Kaya Biz

At the helm of Gauteng’s biggest business radio show, Kaya Biz, is Gugulethu who will be leading the conversation on what is next for the Afropolitan business landscape. The show presents local and international business news, entrepreneurship, corporate and investment banking. Since its inception in May 2006 Kaya Biz has grown from a half-an-hour daily finance update to an hour show bringing compelling business news and market reviews to listeners.
Daily English South Africa Business News · Investing
5,365 Episodes
2200 – 2220

TOP STORY – Inflation eases to 11-month low

GUEST – Dr Azar Jammine, director and chief economist at Econometrix Stats SA has published the latest inflation numbers for South Africa, showing annual consumer inflation slowed to 6.8% in April from 7.1% in March. This is the lowest reading since May 2022, when the rate was 6.5%. The decrease…
24 May 2023 4PM 11 min

Average SA consumer is highly indebted

The average consumer in South Africa is in a desperate and highly indebted position, which is significantly denting their intent to purchase either a new or used vehicle plus other products. This was one of the major themes to emerge from a webinar and panel discussion last week about the…
23 May 2023 4PM 13 min

Coronation’s profits slump 97% as Sars tax case bites

GUEST – Bernard Mofokeng, Director & Head of Tax at CMS South Africa Listed asset management firm Coronation Fund Managers suffered a 97% plunge in its headline profits as a costly tax case relating to its Irish operations ate into its earnings. The company reported its half-year financial results on…
23 May 2023 4PM 9 min

OPINION: The crisis of management in the country

GUEST – Dr Sibongile Vilakazi is the president of the Black Management Forum A simple Google search of the definition of management shows that management is the art of getting things done. It is the administration of organisations, whether they are a business, a non-profit organisation or a government body…
22 May 2023 5PM 20 min

MTN's SME Day event

GUEST – Songezo Masiso - General Manager: SME & Indirect Channels at MTN Business The MTN's SME Day event to be held from 23 -24 May 2023, is an upcoming SME event aimed at fostering growth and providing essential resources to the Mzansi’s small and medium-sized enterprises (SMEs). The two-day…
22 May 2023 5PM 13 min

COMPANY RESULTS –Dis-Chem's diesel costs climb to R90m

GUEST – Rui Morais, CFO at Dis-Chem and CEO designate Dis-Chem is the latest South African retailer to report rising costs associated with load shedding, as companies attempt to shield their operations from rolling power cuts by investing in backup power solutions. The pharmacy retailer said its strategic early investment…
22 May 2023 5PM 8 min

COMPANY RESULTS – Astral Foods incurs R741m in load-shedding costs and counting

GUEST – Gary Arnold, Astral Foods Chief Operating Officer SA’s largest poultry producer Astral incurred R741m in load-shedding related costs in the six months to end-March, putting its balance sheet under significant strain. Investors reacted negatively to the results, with the share price falling 8% to R155.80 in its biggest…
22 May 2023 5PM 12 min

Africa Month: Three big shifts in African insurance

GUEST – Tharshan Moodley, Virtual Distribution Head at Metropolitan GetUp As the world weathers a growing financial crisis, socio-political instability, the post pandemic repercussions and major weather catastrophes, the impact on clients and insurers alike has been profound. South Africa has not emerged unscathed, and a combination of both global…
18 May 2023 5PM 10 min

Price of fries set to rise – a lot

GUEST – Roy Thomas, operations and logistics director at Hume International The International Trade Administration Commission (Itac) has introduced substantial import duties on imported frozen potato chips from three European countries to prevent further dumping on the South African Customs Union (Sacu) market. The final duties against Belgium, the Netherlands…
18 May 2023 5PM 7 min

PIVOT POINT: Eustace Mashimbye - CEO of Proudly South African

Mr. Mashimbye is a qualified Financial Accountant, who studied at the Technikon Northern Gauteng (now known as Tshwane University of Technology) and the Technikon South Africa (now UNISA). He majored in Financial Accounting and Corporate Law and is currently in the process of completing his MBA studies. He has over…
18 May 2023 5PM 18 min

COMPANY RESULTS – Investec downsizes management as profits surge

The announcement follows the release of Investec’s financial results for the year ended 31 March 2023, where it increased its dividend per share by 24%. Dividends per share grew from 25 pence (R6.04) in 2022 to 31 pence (R8.46) in 2023. The group said it achieved a robust financial performance…
18 May 2023 5PM 9 min

Eskom board will take action against De Ruyter over his tell-all book

GUEST – William Gumede, Professor at the University of the Witwatersrand School of Governance Eskom chairman Mpho Makwana says the utility’s board is reviewing several alleged “transgressions” that former Eskom CEO André de Ruyter had committed in media interviews and in his recently-published book.
18 May 2023 5PM 9 min

Solving SA’s Unemployment Crisis Starts at School Level

GUEST: Dr Corrin Varady, CEO IDEA SA The Quarterly Labour Force Survey (QLFS) for the first quarter of 2023 has revealed a 0.2% increase in the country's official unemployment rate, confirming the International Monetary Fund’s prediction that South Africa will have the highest jobless rate globally this year. In light…
17 May 2023 5PM 7 min

LEGALLY SPEAKING: The most complained-about banks in South Africa

GUEST – Reana Steyn, Ombudsman for Banking Services The Ombud for Banking Services (OBS) says banking disputes regarding current accounts and internet banking remain high, despite banks making a greater effort to resolve consumer disputes internally. In the OBS Annual Report 2022, Reana Steyn, Ombudsman for Banking Services, said 2022…
17 May 2023 5PM 17 min
2200 – 2220