Kaya Biz

FNB delivers strong results with good credit and deposit performance.

FNB delivered a strong set of financial results for the financial year ending 30 June 2022, as 10.96 million customers continued to place their trust in our ability to help them with their financial, business and lifestyle needs. Our performance was driven by more customers, increased transactional volumes, strong deposit…

15 Sep 2022 5AM 14 min

INSIDE YOUR POCKET: The significance of living a fuel-efficient lifestyle.

The significance of living a fuel-efficient lifestyle to mitigate the economic impact of fuel hikes on South African households. In the wake of the fuel price drop, the Department of Mineral Resources and Energy (DMRE) along with the Central Energy Fund (CEF) have launched an educational campaign to create awareness…

15 Sep 2022 5AM 17 min

PIVOT POINT: Sibusiso Sitole, Co-Founder of The Odd Number.

Sibusiso Sitole: Co-Founder of The Odd Number & newly named Chairperson of the The Loeries board, in studio. Sbu Sitole is the Co-Founder and Chief Creative Director of The Odd Number, South Africa’s Agency of the year 2017 and 2019 respectively. Since it’s founding in 2015, The Odd Number has…

15 Sep 2022 5AM 20 min

Unpacking Airpot safety challenges.

The 1994 democratic elections opened South Africa to the international market, which increased the number of tourists visiting the country (Thobane, 2016). At the same time, aviation and airport threats were impacting tourism. Simons (1997) argued that the implications of terrorism could be seen in the tourism sector in tourists…

15 Sep 2022 5AM 16 min

28 years of diplomatic relations between Botswana and RSA.

28 years of diplomatic relations between Botswana and RSA + 56 years of Botswana Independence As per our telephone conversation a few days ago, Kindly note that Botswana will commemorate 56 years of Independence and 28 years of Establishment of Diplomatic relations with RSA.

15 Sep 2022 5AM 7 min

Tourism Leadership conference 2022.

All roads lead to Sun City Resort from 14 to 16 September 2022, where the Tourism Business Council of South Africa will be hosting its tourism leadership conference. As we all know, every year in September, South Africa celebrates Tourism Month which reminds everyone about the importance of tourism to…

14 Sep 2022 10AM 10 min

EKASINOMICS: Uku’hamba Prosthetics and Orthotics.

The demand for prostheses and orthosis each year exceeds the supply by a very large margin and the cost of prosthetic, splint and brace is unreachably high especially for the underprivileged. The founder investigated the use of 3D printing technology to address the identified need of amputees and those living…

14 Sep 2022 10AM 14 min

LEGALLY SPEAKING: How do you prove you were tricked into signing a contract?

A contract is legally binding so long as it meets the state's requirements for a valid contract. A valid contract has the following basic elements present: • Offer: the specific terms of the contract agreement. • Acceptance: the acceptance of both parties to the terms of the contract agreement. •…

14 Sep 2022 10AM 22 min

INSIDE YOUR BUSINESS: Effective cash flow management strategies for businesses.

In the long-term, free cash-flow, equity and debt financing are the best sources of working capital. However, these options may not be available for all businesses. In such cases, there are alternative cash-flow management strategies that small business can use to ease the strain on their working capital.

14 Sep 2022 10AM 14 min

Momentum Metropolitan books record profits as Covid-19 threat recedes.

In the 2021 financial year, MMH recorded a net mortality loss of R2.8 billion because of Covid-19 death claims. This time around, the Covid-19 impact on its earnings was less severe, resulting in the partial release of opening Covid-19 provisions the company had set aside, thus boosting the profits by…

14 Sep 2022 10AM 9 min

SA Express liquidated.

An order was granted in the South Gauteng High Court for its final liquidation. The airline was placed under provisional liquidation back in 2020. No parties opposed the final order. This liquidation comes at a time when other domestic airlines face an uncertain future. Comair recently stopped operating, and Mango…

14 Sep 2022 10AM 8 min

Addressdox - digital platform supplying proof of address for rural communities.

Addressdox by Tsholofelo Ramokoka from Rustenburg, North West. A digital platform that supplies people from rural communities with no formal address with a proof of residence document.

13 Sep 2022 7AM 9 min

The state of transformation in the South African film and television industry.

Every year, the NFVF commissions research to provide comprehensive and accurate information on the Film and Television Industry to make policy recommendations. In the 2021/22 financial year, the NFVF conducted research on the State of Transformation in the South African Film and Television Industry to understand the extent of transformation…

13 Sep 2022 7AM 18 min

ITS MY HOUSE: Residential Property Barometer and Estate Agents Survey results.

The risk of a less transitory rise in inflation and higher inflation expectations has driven more aggressive policy tightening in advanced markets and should result in the SARB further front-loading interest rate hikes. We now expect interest rates to peak at 6.75% by the end of 2022, slightly above the…

13 Sep 2022 7AM 19 min

JSE to allow actively managed ETFs in October.

South African investors will be able to trade actively-managed Exchange Traded Funds (ETFs) on the Johannesburg Stock Exchange (JSE) in mid-October, helping to bring the local bourse in line with practices already put in place by many of its global peers. Unlike the traditional index-tracking ETFs that investors can already…

13 Sep 2022 7AM 12 min

ARC Investments posts double-digit growth, TymeBank hits 5 million customers.

African Rainbow Capital Investments (ARC), a firm founded by billionaire Patrice Motsepe, has posted a double-digit rise in its portfolio valuation for its 2022 year, given a boost by gains from its key digital businesses, TymeBank and data-focused mobile operator Rain. ARC's intrinsic portfolio value rose 11.3% to R13.6 billion…

13 Sep 2022 7AM 11 min

How much money it takes to be happy in SA.

In a record-high inflationary economy, one’s happiness can be affected when we see prices going up, while our money’s purchasing power continues to decrease – in other words, your money today will not go as far tomorrow. These types of scenarios have left many economists and psychologists to try to…

12 Sep 2022 9AM 6 min

Minimum wage review set for South Africa – Why is this important?

South Africa’s national minimum wage is due for its annual review by the National Minimum Wage Commission. In a recent government gazette (9 September), interested parties were called upon to make recommendations to the commission, which it will consider before compiling a report that will play a significant role in…

12 Sep 2022 9AM 11 min

Concern as rich taxpayers exit SA - SA could be a low-income country by 2030.

South Africa is in a precarious position in that its working-class taxpayers are severely diminished and the SA Revenue Service (Sars) is too dependent on taxes from the rich, but ever more rich South Africans are leaving the country. This warning came from Claude de Baissac, chief economist of business…

12 Sep 2022 9AM 5 min

WEALTH CREATION: What happens to your investments when you die without a will?

Fortunately, our legal system provides for freedom of testation which means that the person writing his will can provide for the distribution of his estate among friends, family, spouses and charities as he sees fit. He can also choose to disinherit a person from benefiting from his estate, subject to…

12 Sep 2022 9AM 14 min