Kaya Biz

ALLAN GRAY FEATURE: How to be financially resilient in a rising inflation.

Most of us know what it means to build resilience in the context of health and wellness. But, what does it mean to be financially resilient? Building financial resilience can help investors manage the impact of rising inflation and interest rates. Cedrick Pila, IFA Distribution regional manager at Allan Gray,…

23 Aug 2022 4AM 11 min

ITS MY HOUSE: Everything you need to know about getting the most in investment.

Property is a hot commodity, and rarely does an investment trends and buyer appetite, says Carol Reynolds, Pam Golding Properties area principal for Durban Coastal. Reynolds said that a regular question that crops up is how best to maximise a property investment, whether it be a primary residence or an…

23 Aug 2022 4AM 18 min

Nearly half of SA women unemployed - Stats SA.

Statistician-general Risenga Maluleke released the Quarterly Labour Force Survey for the second quarter of 2022 on Tuesday morning. The unemployment rate fell by 0.6% to 33.9%. Maluleke says 47% of South African women were recorded as economically inactive.

23 Aug 2022 4AM 7 min

TECH & INNOVATION: Student start-up gives peers ‘wings’ to fly.

Distribution costs are typically one of the most significant expenses for airlines, usually because of the technology involved. AirStudent connects directly with airlines to reduce those costs, and in turn passes savings on to customers. This strategy has helped the company to grow rapidly and net an undisclosed investment from…

23 Aug 2022 4AM 13 min

Rand at risk with Godongwana's fate in balance.

The rand faces a fresh challenge amid uncertainty about the fate of Finance Minister Enoch Godongwana, who’s battling allegations of sexual assault and may be forced to step down. Should Godongwana be sidelined just two months ahead of a budget update, the rand would likely extend a decline sparked by…

22 Aug 2022 2AM 7 min

DBSA reports record profit for the year.

State-owned development finance institution Development Bank of Southern Africa (DBSA) has reported a record R3.8-billion net profit for the financial year ended March 31, showing a profitability increase of more than 168% from R1.4-billion in the previous financial year. The profit increase was influenced by an 18% growth in net…

22 Aug 2022 2AM 8 min

Wealth Creation: Treasury's two-pot retirement savings system explained.

Since National Treasury published the draft legislation for the two-pot retirement system, one of South Africa's largest pension administrators has been fielding queries from clients who are ready to cash out what they can. Some of Alexforbes' umbrella fund members wanted to know when exactly they can access their savings…

22 Aug 2022 2AM 19 min

Career's Corner: Another year without a salary raise? Negotiate these things.

Don’t just negotiate a salary. Negotiate these things as well, the experts say. With the economy on a downward spiral and loyal hard-working employees not able to negotiate a salary increase experts offer some advice on what else you can negotiate on.

22 Aug 2022 2AM 20 min

I know who did it! – Is it my duty to disclose to my employer?

This question arises often in the workplace and employees are faced with a serious conundrum. Do I tell my employer, or should I just keep my nose out of my fellow colleague’s business? To keep the answer short and simple – yes, you must! By failing to disclose any knowledge…

22 Aug 2022 2AM 15 min

The non-profit sector conundrum: value vs volume.

The surge in inflation appears to have no end in sight as the cost of goods and services continues to rise steeply. For those fortunate enough to have an income, managing the monthly budget is becoming more challenging, while the unemployed and those solely reliant on social grants for survival…

22 Aug 2022 1AM 6 min

INSIDE YOUR POCKET: What to do when SARS sends you a letter of demand.

What do you do when SARS sends you a letter of demand for payment or, even worse, takes money directly from your bank account? This is the reality faced by many South African taxpayers and SARS is under pressure to collect as much as possible due to their budget shortfall…

18 Aug 2022 1AM 16 min

Exxaro's half-year earnings soar 145% to R10bn.

JOHANNESBURG (miningweekly.com) – Diversified resources group Exxaro on Thursday reported increased half-year revenue, earnings and sufficient cash flow to fund capital expenditure and dividends. Group earnings before interest, taxes, depreciation and amortisation (Ebitda) increased by 145% to R10 603-million on mainly the 142% increase in coal Ebitda in the six…

18 Aug 2022 1AM 11 min

Zimbabwe hails gold coin success and wants to issue more.

Gold coins used as currency in Zimbabwe will soon be available in smaller denominations, the central bank says. Sky-rocketing inflation saw people rushing to cash in their Zimbabwean dollars for US dollars, to stop their savings losing value. This led to a shortage of US currency and drove up exchange…

18 Aug 2022 1AM 8 min

SA households were R1.2 trillion poorer in the three months to end June.

South African households were collectively R1.23 trillion poorer in the three months to the end of June, when compared to the corresponding period in 2021. This is according to the latest Momentum-Unisa Household Wealth Index report, which tracks the wealth of households based on subtracting the value of their outstanding…

18 Aug 2022 1AM 11 min

PIVOT POINT: In conversation with Funeka Ngewu, Head of Claims at Momentum.

Funeka Ngewu, Head of Claims at Momentum Insure, has more than nineteen years’ experience in the financial industry, specifically insurance, with a core focus on client experience and employee development. She has held various management roles including roles in Claims, Administrations Salvage departments. With various management courses certifications from the…

18 Aug 2022 1AM 23 min

Court documents reveal why SA has a 5-year driving licence card renewal period.

Civil rights organisation AfriForum says that the apparent reason for the five-year driving licence card renewal period in South Africa is due to the quality of the material of the card, which would not last more than that period, citing court documents filed by transport minister, Fikile Mbalula. Further reasons…

18 Aug 2022 1AM 9 min

Is the Reserve Bank protecting Ramaphosa? – Analysis on Phalaphala robbery.

Members of Parliament (MPs) want answers from the South African Reserve Bank (Sarb) about its investigation into President Cyril Ramaphosa’s alleged missing US dollars that were stolen at his Phala Phala game farm. Members of the Standing Committee on Finance want the country’s central bank to give it an update…

17 Aug 2022 1AM 10 min

Customs duty decision delays are hampering billions of rands in investment.

Consultancy XA Global Trade Advisors says billions of rands in revenue have been lost to the fiscus owing to long overdue customs duty decision-making, while also having more far-reaching implications for industries and trade and investment. If all of the cases that required changes to customs duties had been finalised…

17 Aug 2022 1AM 7 min

INSIDE YOUR BUSINESS: MIC wants to invest R150m in SA businesses.

The Mineworkers Investment Company (MIC) wants to invest R150 million in emerging black-owned businesses. The MIC, through its venture capital initiative, MIC Khulisani Ventures, has launch the second window of applications to support what it calls high growth potential and innovative businesses. It is offering this financial support because it…

17 Aug 2022 1AM 13 min

LEGALLY SPEAKING: Legality regulating use of cannabis from an employment view.

We all remember the unbe-weed-able 2018 Constitutional Court case of Minister of Justice and Constitutional Development and Others v Prince and Others which dramatically altered the legal position regulating the private and recreational use of cannabis. The court ultimately held that prohibiting the cultivation or use of cannabis in an…

17 Aug 2022 1AM 16 min