Kaya Biz

South African savings growth reached a record in 2021, but outlook bleaker.

For the third year in a row, global financial assets grew by double-digits in 2021, reaching €233-trillion, the ‘Allianz Global Wealth Report 2022’ shows. The report indicates that, in retrospect, 2021 might have been the last year of the old “new normal”, with bullish stock markets powered by monetary policy.

13 Oct 2022 6AM 5 min

INSIDE YOUR POCKET: Access to financial innovation is key to resilient economy.

Access to financial innovation is key to a resilient millennial economy. South Africa’s millennial population is positioned at the intersection of financial innovation and illiteracy. At a time when people are heavily indebted, and the increasing cost of living has put additional stress on everyone – millennials are seeking financial…

13 Oct 2022 6AM 14 min

PIVOT POINT: Zama Phakathi-Rambau identifies gap for black women in insurance.

The founder and CEO of Splendid Cover, Zama Phakathi-Rambau, is an astute businesswoman boldly navigating the business world in an endeavour to reach the top of business success. Phakathi-Rambau is now one of the few black women to get into the insurance business sector and currently holds ownership and leadership…

13 Oct 2022 6AM 18 min

ABSIP 2022 Financial Services Sector Awards.

ABSIP 2022 Financial Services Sector Awards Issued by ABSIP President, Ms Polo Leteka JOHANNESBURG, 12 OCTOBER, The Association of Black Securities and Investment Professionals (ABSIP) invites key stakeholders, partners and members to the ABSIP 2022 Financial Services Sector awards on the 3 rd of November 2022 in Johannesburg. The ABSIP…

13 Oct 2022 6AM 20 min

Up to 80% of SME startups will fail within 5 years - here's how tech can help.

Technology has a powerful role to play in enabling SMEs and entrepreneurs to compete with larger organisations with access to more resources. Yellow, an African fintech startup that supplies solar home systems in Malawi and Uganda, announced that it was able to grow its revenue by 1,500% and scale its…

13 Oct 2022 6AM 8 min

IMF downgrades SA’s GDP growth forecasts.

IMF downgrades SA’s GDP growth forecasts, sees a third of global economy contracting. The forecasts were laid out in the International Monetary Fund’s (IMF’s) latest World Economic Outlook, which coincides with the fund’s annual meetings in Washington. It has downgraded its outlook for South African economic growth, lowering its 2022…

12 Oct 2022 8AM 12 min

85% chance of greylisting - SA must prepare for greater scrutiny.

85% chance of greylisting - South Africans must prepare for greater scrutiny, report finds. The pending decision by the global Financial Action Task Team (FATF) on whether to greylist SA is a "sword of Damocles" hanging over the economy with an 85% probability of falling, says a new research report…

12 Oct 2022 8AM 12 min

Why prioritizing mental health is essential to your business strategy.

The most important part of good mental health management is twofold: intention and action. You need to genuinely care about the mental wellbeing of your employees, and then you need to take concrete steps to help support them. But these steps don’t need to be giant, and they don’t need…

12 Oct 2022 8AM 10 min

Has remote working turned SMMEs into any easy target for cyberattacks?

In today’s interconnected world, effective cybersecurity is as important to the success of any business as capital funding, skills mix, innovation and good management. This is especially true since the widespread move to remote and hybrid working over the past two years, which has made both individuals and organisations more…

12 Oct 2022 8AM 9 min

TECH & INNOVATION: Making it easier to get legal help.

They want to make it easier for the average South African to quickly get legal help when they need it. Legal Standpoint is an app-based legal tech startup working to democratize legal education and legal services. In essence, we want to help South Africans understand the law better and be…

11 Oct 2022 5AM 17 min

More tenants paying on time – except for rentals above R25 000.

More tenants are paying their rent on time - barring rentals above R25 000 per month, according to the latest Residential Rental Market Monitor by the credit bureau TPN. In the second quarter of this year, there was an improvement in tenants in good standing in all rental segments, except…

11 Oct 2022 5AM 18 min

ITS MY HOUSE - The pros and cons of subletting a property.

Property subletting is becoming popular in South Africa, largely because of aggressive interest rate increases and the high cost of living. Many people look for subtenants to help them pay their rent, while others seek to sublet if they’re moving elsewhere and can’t get out of their current lease. Subletting…

11 Oct 2022 5AM 16 min

Warning for businesses in South Africa as liquidations soar.

Business liquidations soared 44.8% in the year to August 2022, data from StatsSA showed, while fewer businesses entered business rescue in a clear sign that many are assessing their financial positions too late. This is according to Eric Levenstein, director and head of the Business Rescue, Restructuring and Insolvency practice…

11 Oct 2022 5AM 10 min

Trasnet strike – impact on labour.

Has labour faced significant concerns about its lack of participation in the economy? The United National Transport Union (Untu) has rejected Transnet’s latest offer of a 4% to 5% salary increase, subject to employee grade levels, during what it calls “a marathon CCMA-facilitated session”. It notes, however, that Transnet’s offer…

11 Oct 2022 5AM 10 min

JSE and NYSE announce collaboration on dual listings.

The Johannesburg Stock Exchange (JSE) and New York Stock Exchange (NYSE: ICE) have signed a memorandum of understanding to collaborate on the dual listing of companies on both exchanges. The collaboration is expected to increase opportunities for investors and issuers on both continents. According to a statement issued on Tuesday…

11 Oct 2022 5AM 9 min

The Transnet strike is going to cost the economy billions.

The economic crisis we have been trying to confront, one that has rendered most of our youth unemployed and seen real per capita incomes falling for eight years, requires a concerted effort between all social partners. Organised business has been seized with the challenge – partnering with government to create…

10 Oct 2022 9AM 11 min

South Africa on the brink of disaster.

Former reconstruction and development minister Jay Naidoo says South Africa is in serious trouble and is showing signs of a failed state. Naidoo is a seasoned politician who was the founding general secretary of the Congress of South African Trade Unions (Cosatu). He also served in former President Nelson Mandela’s…

10 Oct 2022 9AM 11 min

Wealth Creation: The danger of letting investment vehicles drive your investment

High inflation brings with it increased levels of financial stress due to the rising cost of living. During times of high inflation, especially when coupled with the levels of market volatility we are experiencing year-to-date, investors tend to re-examine their finances. This includes relooking their spending, budgets, and investments as…

10 Oct 2022 9AM 17 min

Careers Corner - To BCom or not to BCom?

In the fast-changing world of work and with South Africa’s high unemployment rates, many graduates (and their parents) are questioning the value of academic qualifications. Even the Bachelor of Commerce degree (BCom), previously considered the most sure-fire way to secure a job in business or finance, has come under the…

10 Oct 2022 9AM 14 min

Why organisations are pivoting from jobs to skills.

The world of work is changing. Greater technology adoption is happening more widely and frequently, diversity is essential, and the line between personal and professional continues to blur. These changes, some of which were exacerbated by the COVID-19 pandemic, present a once-in-a-generation opportunity for business leaders, governments and society to…

10 Oct 2022 9AM 16 min