Kaya Biz

LEGALLY SPEAKING: Can you contest a retrenchment, demotion or pay cut?

With companies taking austerity measures to stay afloat amid and in the aftermath of the COVID-19 lockdown, find out what your rights are when it comes to your employment prospects with these expert insights. CAN I CONTEST A RETRENCHMENT? Before unpacking this question, it’s important to understand the standard process…

2 Nov 2022 2PM 21 min

Dis-Chem earnings jump as it shakes off Covid.

Pharmacy and healthcare retail group Dis-Chem says it is trading at pre-Covid levels in South Africa, with expansions and acquisitions boosting its reach and driving profitability. In its interim results for the six-month period ending 31 August 2022, Dis-Chem reported group revenue growth of 9.3% to R16.3 billion over the…

2 Nov 2022 2PM 11 min

Pick n Pay to start accepting cryptocurrency payments

One of South Africa’s largest grocery retailers Pick n Pay is expanding a pilot of adding cryptocurrency as a payment option to more stores after the successful completion of the first phase, it said on Tuesday. The announcement came weeks after the Financial Sector Conduct Authority formally declared crypto assets…

2 Nov 2022 2PM 10 min

Standard Bank Thrive Campaign: Stock Advance

Thrive_ in the mix – thrive_ is more than an app and/or a card machine we’re are in the mix with our traders and have created a rewards club (programme) for them where they can access the essential elements they’ll need to power their weekend sales. These key elements are…

2 Nov 2022 2PM 11 min

TECH & INNOVATION: Black women starts her own car-tracking business

Myfleet Track is South Africas most advance fleet tracking and fleet management company offering cuting edge solutions "My Fleettrack is a tracking and fleet management company offering cutting edge tracking and fleet management solutions to a variety of industries. Our products are tailor made to suit your personal and business…

1 Nov 2022 2PM 10 min

SA shopping mall footfall recovers, but dwell time dwindle

The analysis was performed using Terain, the company's new AI-driven geospatial solution using near real-time app location data combined with Eighty20’s customer profiling information to understand anonymised customer movement behaviour. Andrew Fulton, director at Eighty20, revealed insights into the change in foot traffic, from January 2020 to the most recent…

1 Nov 2022 2PM 16 min

ITS MY HOUSE: How to negotiate a lower purchase price without offending the sell

Negotiation is one of the ways companies can reduce cost, increase cash flow and improve margins. Buyers will always want to reduce costs while maintaining the quality of service offered; suppliers, on the other hand, will always want to increase their margins. Given the divergent goals, your best options as…

1 Nov 2022 2PM 15 min

Sibanye-Stillwater to retrench up to 1,959 employees

SIBANYE-Stillwater may retrench up to 1,959 employees from its South African gold operations following an announcement today it had started restructuring talks with unions at its Beatrix 4 shaft and Kloof 1 plant. This is in terms of Section 189 of the Labour Relations Act which seeks to find ways…

1 Nov 2022 2PM 9 min

Kganyago defends Reserve Bank’s focus on inflation

South Africa’s central bank said it will continue using interest rates to curb inflation, and responded to calls for its mandate to explicitly include promoting economic growth and creating jobs by saying monetary policy already targets those indicators. At 6.25%, the Reserve Bank’s repurchase rate is still below long-term levels…

1 Nov 2022 2PM 13 min

Four ways companies can strengthen their boards

South Africa’s economy is struggling. A number of factors are behind the decline. These include severe power cuts which are taking their toll on all spheres of the economy, rising inflation, increases in food prices, the effects of the Ukraine-Russia conflict, which has resulted in higher fuel and energy costs…

31 Oct 2022 2PM 13 min

Side-hustlers and slashers on the rise in SA

There is, of course, nothing new about making some extra money on the side. Whether you’re saving for a dream holiday or just trying to keep the wolf from the door during a tough time, taking on a second job, finding a hobby that pays or starting a small business…

31 Oct 2022 2PM 9 min

CAREERS CORNER: Signs that you have poor workplace boundaries. And how to get b

This is all to say that setting healthy boundaries for yourself at work starts early—as early as the interview process itself. From the interview and onward, you teach your boss and your colleagues how to treat you and how you achieve a healthy work-life balance by implementing physical boundaries, mental…

31 Oct 2022 2PM 22 min

WEALTH CREATION: Is Investing in Property abroad still a great investment choice

Mark Peason his the CEO of Barron&Cabot -Buying property abroad – it's easier than you think Baron and Cabot, a UK-based Property Company, is helping Africans to acquire property in the U.K with low-interest rates. South Africa’s, Kenya’s, Nigeria’s and Ghana’s middle class and business people have turned to the…

31 Oct 2022 2PM 14 min

Inflation expected to remain elevated in the coming months, economists say

South Africans should expect inflation to remain elevated in the coming months, economists say, as higher diesel prices and input costs ripple through the entire producer supply chain. The Bureau for Economic Research (BER)’s outlook for CPI sits around 7% year-on-year for the next several months, coming off the back…

31 Oct 2022 2PM 9 min

As SA union members climb to 4 million, Nxesi warns of militant labour, unprotec

A rise in SA union membership and the proliferation of several new splinter unions have had the unintended consequence of sparking more adversarial labour relations and a rise in unprotected strikes. Nxesi said South Africa's union numbers grew from 3.5 million members in 2013/14 to over 4 million in 2020/21…

31 Oct 2022 2PM 9 min

Talking with Traxion CEO on the role of private sector in railway industry.

Traxtion Group, the provider of rail services and solutions across the African continent, on Monday announced its intention to embark on a significant investment programme within South Africa’s rail sector. This follows the Economic Recovery Plan presented by President Cyril Ramaphosa at the Joint Sitting of Parliament on October 15,…

27 Oct 2022 10AM 18 min

PIVOT POINT: Pumela Salela – UK Country Head, Brand South Africa.

Pumela Salela is a name most associated with impressive achievements and a bevy of local and international awards in business leadership and branding. The highly respected nation branding architect has now extended her acumen into the world of fashion with the launch of Puparium, a proudly South African luxury brand…

27 Oct 2022 10AM 16 min

INSIDE YOUR POCKET: How to say no with your money - avoid being a human ATM.

There are times when, out of our own fear of being rude or uncomfortable, we make money choices that aren't in our best interest. Here are five ways to say a financial "no"—whether it's refusing to loan money or bowing out of Girl Scout cookies. Have you ever been put…

27 Oct 2022 10AM 14 min

Tongaat Hulett enters business rescue as lenders run out of patience.

Struggling sugar producer Tongaat Hulett, which is choking on a SA debt pile more than ten times its market value, is heading for business rescue after failing to get a nod from lenders on its restructuring plan. The group needs R1.5 billion as it services roughly R6.3 billion in SA…

27 Oct 2022 9AM 13 min

Township development – How you can use your wall to make extra cash.

Township Wall Media/Murals are out of home structures owned by Township Communities and have been turned into canvases for advertising purposes.It is way businesses are able to empower members of local communities, especially the township. The point of the conversation is to equip people with the criteria needed should they…

26 Oct 2022 6AM 9 min