Kaya Biz

SA’s largest grocers try to shield consumers from rising food prices.

South Africa’s major JSE-listed food retailers are continuing to play a part in trying to shield already compromised consumers from spiking food costs by keeping internal food inflation levels low. Shoprite Group, Pick n Pay and Woolworths, in trading updates released on Tuesday, reported maintaining internal selling price movements below…

27 Jul 2022 6AM 11 min

Businesses not meeting transformation targets in South Africa – report.

Businesses are not meeting their B-BBEE scorecard targets, collectively achieving only an average of 87.16% of their contribution targets, according to the 2022 Sanlam Gauge Report. control poses the biggest challenge to the newly reconstituted B-BBEE Advisory Council, achieving only 55.9% of its target in this year’s report. Enterprise and…

27 Jul 2022 6AM 9 min

INSIDE YOUR BUSINESS: The state of design, architecture & opportunities in SA.

Juliet Kavishe is a Professional Interior Architect and alumnus of the University Of Pretoria, South Africa. Her education was further bolstered by a traineeship focusing on bridging the gap between spatial design and curatorship of artworks at New York’s Guggenheim Museum. Over the course of a career spanning 13 years…

27 Jul 2022 6AM 13 min

LEGALLY SPEAKING – Legal duty of care owed by taverns to customers.

Most taverns are notoriously known for their unsafety and violent activities. Serious assaults, bar fights, and sometimes deaths are not unheard of in taverns. Most societies have come to accept such occurrences at taverns. As a consequence of this acceptance, most incidents are not reported. In recent weeks, South Africa…

27 Jul 2022 6AM 17 min

EKASINOMICS - Asonele Gevenga’s business helps students build a credit history.

Students will agree that building a good credit record while studying towards a degree is virtually impossible. Yet, it’s a fundamental requirement for life after university. Because Fleeker Finance understands this, the student led registered credit provider has centred its innovative business model around it. Headed by Asonele Gevenga, a…

27 Jul 2022 6AM 15 min

SA motorists, transport operators ‘will be hardest hit by proposed tyre duties’

Importers have warned of much pricier tyres in South Africa if an application to impose anti-dumping tariffs on Chinese imports succeed. The SA Tyre Manufacturers Conference (SATMC) – which represents Continental, Bridgestone, Goodyear and Sumitomo – has applied to the International Trade Administration Commission of South Africa (ITAC) for anti-dumping…

27 Jul 2022 5AM 8 min

Tech & Innovation - Friends of Free Internet demand ‘mahala’ internet in SA.

People’s Media Consortium and Yetu Infotech Collective, along with representatives of over 80 civil society organisations, earlier this month gathered to launch the Friends of Free Internet campaign. The campaigners are advocating for a communication commons that is “free as in Mahala and free as in freedom” in South Africa…

26 Jul 2022 4AM 7 min

OR Tambo Special Economic Zone, & the benefits it presents for economic growth.

Special Economic Zones (SEZs) were adopted relatively late in Africa and most African countries did not operationalize their programmes until the 1990s or 2000s. By 2021, there were 203 operating zones on the Continent and a further 73 under development. SEZs are well developed across the continent and are present…

26 Jul 2022 4AM 15 min

ITS MY HOUSE: SA’s residential ‘squatter’ numbers have risen in the last decade.

The number of residential tenants classified as ‘squatting’ has progressively increased in South Africa in the past decade. Tenants classified as squatting are defined as having not paid three consecutive months of rent and continuing to occupy the property in the fourth month. TPN Credit Bureau said although this trend…

26 Jul 2022 4AM 16 min

ALLAN GRAY FEATURE: How not to be a ‘financial nihilist.’

Millennials around the world are increasingly throwing financial caution to the wind, opting to prioritise ‘living in the moment’ and pursuing passion projects over actively saving and investing for the long term. This growing phenomenon is known as “financial nihilism”. As we commemorate Savings Month this July, Nomi Bodlani, head…

26 Jul 2022 4AM 16 min

What businesses still need from Ramaphosa’s new energy plan.

Business Unity South Africa (BUSA) says that the government must be held accountable for the new energy plan and deliver on hard deadlines and execution targets. President Cyril Ramaphosa, on Monday (25 July), announced that regulations will be changed to allow for fast-tracking new energy generation projects. South Africa has…

26 Jul 2022 4AM 8 min

Energy Dept. begins formal process of deregulating petrol price in SA.

The formal process of deregulating the price of petrol in South Africa has started. On Friday, energy minister Gwede Mantashe published a brief notice on page 106 of the weekly Government Gazette, asking for comment on his "intention to introduce a price cap" for 93 octane. That starts a 30-day…

25 Jul 2022 4AM 10 min

SA’s investment portfolio expanding in Ivory Coast.

President Cyril Ramaphosa says South Africa’s investment portfolio in Ivory Coast is expanding. He was addressing the South Africa and Ivory Coast Business Forum in Pretoria on Friday. President Ramaphosa says there are opportunities for the export of machinery, consumer goods, vehicles and paper. In 2021, South Africa’s exports to…

25 Jul 2022 4AM 7 min

WEALTH CREATION: More South Africans dabble in risky investments to get by.

South Africans looking for greater financial returns are now buying into riskier investments – some even going as far as gambling – to deal with mounting financial pressures, according to the Old Mutual Savings and Investment Monitor (OMSIM) released on Wednesday. The report, which has come out during National Savings…

25 Jul 2022 4AM 10 min

CAREERS FEATURE: Why soft skills matter in the work place.

They’re called soft skills – but as anyone who’s tried to master them will tell you, they’re quite hard to get right. There are many reasons why so-called soft skills are tough to get a handle on, including the fact that they’re so difficult to describe, identify and measure, and…

25 Jul 2022 4AM 17 min

Managing debt today to improve your financial wellbeing.

Most people in South Africa and the world have some sort of debt. According to analysts, the household debt-to-income ratio in South Africa is expected to reach 75% by the end of 2022. This means that for every R100 a South African has, R75 rands goes towards paying off debt…

25 Jul 2022 4AM 13 min

Yakh’iFuture, an interactive career experience platform.

Yakh’iFuture, which means ‘Build your future’, an interactive career experience platform that has been designed to prepare engineering students for work in the automotive components manufacturing industry. Friday 22 July saw the official launch of an interactive career experience platform that has been designed to prepare engineering students for work…

25 Jul 2022 4AM 8 min

Interest rates increased by 75bps - biggest hike since 2002.

The repo rate has been hiked by another 75 basis points on Thursday. This brings the repo to 5.5% and the prime rate to 9%. Three members of the monetary policy committee supported the hike, while one wanted 100 basis points and another preferred a 50 basis point hike. This…

21 Jul 2022 7AM 11 min

More financial pain for consumers as Reserve Bank hikes interest by 75bps.

The SA Reserve Bank's Monetary Policy Committee on Thursday hiked interest rates by 75 basis points, adding three quarters of a percentage point to what just about everyone pays on their debt. The big-jump increase in rates – the biggest single increase in interest rates since 2002 – comes just…

21 Jul 2022 7AM 10 min

Triple blow hits businesses in South Africa – Impact on small businesses.

As interest rates increase to curb rising inflation, coupled with fuel and load shedding, among other challenges – is putting pressure on the profit margins of small businesses in South Africa, says Andiswa Bata, co-head of SME at FNB. Bata said SMEs have shown resilience by absorbing costs in the…

21 Jul 2022 7AM 10 min