Kaya Biz

Side hustles and taxes - Does the taxman need to know about your side hustle?

One in five city-dwelling South Africans have a side-hustle business in addition to their day job, this year’s Old Mutual Savings and Investment Monitor shows. Whether you are making lunch for colleagues at work, making clothes, pet-sitting, tutoring or delivering Uber Eats, if your side-hustle and day-job income together amount…

10 Oct 2022 9AM 13 min

Google to build SA cloud in R17,7bn Africa plan.

Google said it will set up an African cloud service, as part of its R17,7 billion investment plan for the continent, that will allow users to store their data in-country. The cloud infrastructure will be based in South Africa, but will give users the options on where to store their…

5 Oct 2022 8AM 9 min

INSIDE YOUR BUSINESS: 8 Killer strategies to keep your best-performing employees

There are two types of employees. The first kind shows up to work late, doesn’t put any effort, and waits impatiently for the clock to turn 5:00 p.m. so they can leave the office. The second type is the employees who show up on time, are enthusiastic about their job,…

5 Oct 2022 8AM 19 min

LEGALLY SPEAKING: Imbalances and inequalities in the legal profession of SA.

There are currently some 27 200 practising attorneys registered on the roll of attorneys at the Legal Practice Council and 7 000 candidate attorneys in South Africa. With a majority of attorneys being white (53%), the recently published Draft Legal Sector Code (Draft LSC) looks to address the imbalances and…

5 Oct 2022 8AM 17 min

EKASINOMICS: Lolo Ndlovu is the founder and CEO of The Sneaker Shack.

The Sneaker Shack founded in 2018 by entrepreneur, Lolo Ndlovu (31) The Sneaker Shack saw its first store going up in the heart of the Maboneng Precinct with the mission of changing the way we think about footwear hygiene. Inspired by the growing sneaker culture as well as the energetic…

5 Oct 2022 8AM 22 min

Why are SA teens skipping school to chase risky crypto dreams.

Youngsters in the townships are drawn to the promise of quick riches with cryptocurrencies, but risk losses and becoming victims of scams A more recent survey – published this month by financial information firm finder.com – put crypto ownership in South Africa at 10%, with those aged 18 to 34…

5 Oct 2022 8AM 7 min

TECH & INNOVATION: Strong growth in SA extends Talk360 seed funding to $7m.

International calling app Talk360, which enables people around the world to make reliable and affordable calls to any landline or mobile phone worldwide, has secured an additional $3 million in seed round funding, taking its total seed round to $7 million after its first closing in May. The funds will…

4 Oct 2022 11AM 16 min

Why construction mafia are detrimental to doing business in SA.

For over a decade, organised groups targeting the construction sector under the banner of ‘radical economic transformation’ have invaded sites and demanded money for a stake in developments. Fuelled by a weak response from government, nearly 200 infrastructure and construction projects worth over R60 billion have so far been affected…

4 Oct 2022 11AM 14 min

ITS MY HOUSE: What You Can (and Cannot) Do about a Bad.

You love your home—or at least you used to. When you moved into your idyllic spot, the neighborhood was perfect and your neighbors on either side were nice, normal, friendly people, but then “they” moved in. Whether your troublesome neighbor actively seeks out and causes problems, tampers with your property,…

4 Oct 2022 11AM 16 min

Business industry welcomes new Eskom board but De Ruyter is under fire.

The NSBE welcomes the announcement of the new Eskom SOC Ltd Board Members by the Minister of Public Enterprises, Mr. Pravin Gordhan, on 30 September 2022. We are pleased to see the caliber of professionals appointed, with 5 highly qualified and experienced engineers to bolster the technical expertise at board…

4 Oct 2022 11AM 9 min

UK government forced to ditch plan to slash top rate of tax.

The British government is reversing plans to scrap the highest rate of income tax, announcing the embarrassing retreat after a rebellion among its own lawmakers and a week of financial and economic turmoil. In a statement on Monday, finance minister Kwasi Kwarteng said the tax cut for people earning more…

4 Oct 2022 11AM 11 min

South African factory activity contracts in September- Absa PMI.

South African manufacturing activity contracted in September as extensive power cuts weighed on production and new sales orders declined, a survey showed on Monday. The seasonally-adjusted Absa Purchasing Managers' Index (PMI) was at 48.2 points in September from 52.1 points in August, falling below the 50-point mark that separates expansion…

3 Oct 2022 8AM 10 min

New Eskom board is no quick fix for a turnaround.

The government has announced a shake-up of the Eskom board, replacing its chair and appointing 13 non-executive directors who collectively bring engineering, energy policy and delivery, and accounting expertise. Public Enterprises Minister Pravin Gordhan, with the support of his Cabinet colleagues, made sweeping changes to the Eskom board as the…

3 Oct 2022 8AM 10 min

Wealth Creation: Investing in the booming classic car market could grow wealth.

Why investing in the booming classic car market could significantly grow your wealth. A growth estimate of US$12.5 billion (R200.4bn) has been forecast for the global classic car market over four years from 2020 to 2024 off an initial value base of US$30.9bn (R495.3bn). Still, the market has gone into…

3 Oct 2022 8AM 14 min

CAREER'S CORNER: The role of parents in their child's career choices.

Ensuring your children are set up for a successful career, future financial security and a good quality of life is a pressing challenge for every parent. As parents, your children will look to you for advice and guidance even if they don’t like to admit it! Parents have a key…

3 Oct 2022 8AM 17 min

Unconscious bias - how it limits our growth and your company's growth.

Nowadays, humans have great minds that are open to diversity and inclusion - but how does unconscious bias affect the workplace? No one is perfect, and people can be subject to implicit bias without even noticing. That's right, you might be a little racist or discriminating without even knowing it…

3 Oct 2022 8AM 16 min

Can money buy happiness?

Can money buy happiness? Money is important to happiness; ask anyone who doesn't have it. The recently released 2022 Bateleur Vantage Point survey explored many facets, including the concept of happiness.

3 Oct 2022 8AM 8 min

Capitec reports surge in customers, hikes dividend on strong growth.

Capitec Bank has published its financial results for the half-year period ended August 2022, showing a 17% growth in group headline earnings to R4.7 billion from R4 billion for the comparative period. Active clients are up 13% to 19 million. “Over the past five financial years, our compound annual growth…

29 Sep 2022 5AM 12 min

More trouble for ‘NEW’ SAA as it loses licences to important routes.

South African Airway has reportedly lost 20 licences to routes that serve domestic and international passengers. The Air Services Licensing Council (ASLC) revoked the licences after the troubled airline was unable to prove that it had sufficient personnel, facilities and equipment to service the routes, according to aviation analyst Phuthego…

29 Sep 2022 5AM 9 min

INSIDE YOUR POCKET: Metropolitan helps instill a culture of saving within Mzansi

INSIDE YOUR POCKET - Metropolitan helps instill a culture of saving within Mzansi by changing the traditional savings approach. Saving money towards the achievement of a financial goal, retirement or simply to have access to funds during an emergency is universally accepted as something wise and worthwhile. And yet, most…

29 Sep 2022 4AM 12 min