Kaya Biz

BUSA warns SA ripe for repeat of 2021 unrest.

Top business and government officials have warned that South Africa is set to face a repeat of the July 2021 riots as very little has been done to address the issues facing the country over the last year. Speaking to BusinessDay, Business Unity South Africa chief executive Cas Coovadia says…

11 Jul 2022 5AM 9 min

WEALTH CREATION: What investors can do in these difficult markets.

In the words of Peter Lynch two years after the March 2020 Covid crash - “More money has been lost in crises trying to predict what is going to happen than actually in them”. As with all things unknown and uncertain, it is human nature to speculate how things will…

11 Jul 2022 5AM 16 min

CAREERS CORNER: Here are the rules around paying workers during load shedding in South Africa.

The modern workplace has gone through significant changes with businesses being required to adapt to new ways of working. Many employers have revisited their operating models and have since adopted remote or hybrid working arrangements, depending on the nature of their operations, says Nadine Mather, partner, Bowmans South Africa. While…

11 Jul 2022 5AM 15 min

SABC and MultiChoice set to face off over lucrative sports.

The SABC has lodged a Competition Commission complaint against MultiChoice’s sports broadcasting division, SuperSport. “The SABC can confirm that the Corporation has lodged a complaint with the Competition Commission,” SABC communications head Ndindi Cola said in an emailed statement. “At this stage the matter is handled in that platform and…

11 Jul 2022 5AM 16 min

Fuel saving hacks- experts warns against popping pills in tanks.

Fuel and motor experts have called the bluff on so-called fuel-saving tablets and other related products promising to dramatically reduce fuel consumption and help consumers save money at the pump. With fuel prices soaring to all-time highs and motorists buckling under financial pressure to get by with the cost of…

11 Jul 2022 5AM 10 min

One year since July unrest - How far have we come?

It's been a year since the deadly riots that set fire to parts of KwaZulu-Natal and Gauteng, but none of the alleged instigators have been convicted for fanning the flames. ` Many questions remain unanswered about the harrowing events President Cyril Ramaphosa labelled as a ''failed insurrection'' in July last…

7 Jul 2022 4AM 19 min

PIVOT POINT: Lehohla hails significance of launch of the Economic Modelling Academy.

Dr Pali Lehohla joins us to talk about the objectives of his latest project, the Economic Modelling Academy (EMA), a programme aimed at addressing a lack of extensive planning in implementing government policy. The Economic Modelling Academy has a profound acronym, Ema. In the Sesotho languages Ema carries paradoxical meanings…

7 Jul 2022 4AM 16 min

INSIDE YOUR POCKET - Floatpays State of Employee Wellbeing Barometer finds 74% of respondents are financially stressed.

Given the dismal economic quagmire we currently find ourselves in, should National Savings Month be cancelled this year? Not necessarily. This is according to Simon Ward, founder and CEO of on-demand earned wage access provider and Fintech start-up, Floatpays. Ward says that South Africans were already in an extremely tight…

7 Jul 2022 4AM 13 min

Consol buyer bets big on South Africa with R1.5 billion facility expansion.

Ardagh Glass Packaging (AGP) Africa – formerly Consol Glass – has announced a R1.5 billion expansion of its Nigel production facility in the south-east of Johannesburg. The investment more than doubles the facility’s capacity to provide sustainable glass packaging and meet projected demand growth and incorporates a new furnace and…

7 Jul 2022 4AM 9 min

S.African rand hits new 20-month low as investors embrace dollar.

With South Africans learning to live with the current cycle of stage 6 load shedding, many believe the ongoing power cuts to be the antagonist behind the weak rand. However, treasury experts say the power outages are only a small contributor to a far greater picture. Reuters reported that the…

7 Jul 2022 4AM 9 min

Farmers, consumers buckling under load-shedding-induced costs.

Industry body Agri SA has warned of the impact of ongoing power outages on the agricultural sector, with rising risks of food insecurity and social instability. Agri SA’s remarks come in the wake of South Africa experiencing Stage 6 rolling blackouts, which involve longer and more frequent episodes of load-shedding.

6 Jul 2022 4AM 11 min

INSIDE YOUR BUSINESS: Salary negotiations - Win-win solutions for start-ups, Teams.

Like their global counterparts, South African companies and workers are grappling with a worsening economic outlook as we move into the second half of 2022. And as the season for salary and incentive negotiations near, both parties have to grapple with the question of what constitutes fair compensation in light…

6 Jul 2022 4AM 20 min

LEGALLY SPEAKING: Sangomas battle for Labour Law recognition 14 years after Act passed.

Traditional health practitioners, or sangomas as they're more commonly known, have decried their lack of representation in the country’s labour laws 14 years after the Traditional Healers Practitioners’ Act was signed into law. Traditional healers rely on indigenous knowledge and practices to diagnose, prevent and treat physical, spiritual, and mental…

6 Jul 2022 4AM 21 min

EKASINOMICS: Meet Spelo Jalivane, founder of Khayelitsha's newly reopened hotspot 'The Milk.'

The Milk Restaurant & Bar which launched in 2018 as a premium lifestyle entertainment boutique, and the first three-story upmarket restaurant in a township, is now relaunching to The Milk Restaurant & Champagne Bar after taking a hiatus in 2020 due to the COVID-19 global pandemic.

6 Jul 2022 4AM 20 min

Treasury caps pension fund infrastructure investment at 45% and maintains crypto ban.

The National Treasury has published final amendments to regulation 28 of the Pension Funds Act, laying out the new limits and conditions for pension funds to invest certain assets. Regulation 28 protects retirement fund member savings by limiting the extent to which funds can invest in a particular asset or…

5 Jul 2022 4AM 7 min

Rocketing fuel prices set to drive SA interest rates sharply higher.

South Africa’s rocketing fuel prices are set to result in interest rate hikes rising for the rest of this year, further hurting the disposable income of consumers and the country’s teetering economic growth. This warning came from economists on Monday, following news of the latest fuel price hike for July,…

5 Jul 2022 4AM 10 min

Firm says at least 32 companies likely to delist from South Africa’s exchanges this year.

South Africa’s stock exchanges are set to experience a few delistings in the remainder of the year, which is likely to take the full-year total to at least 32. Consultancy AmaranthCX reports that South Africa had 332 listed companies at the start of the year, across the JSE and three…

5 Jul 2022 4AM 12 min

IT'S MY HOUSE: What to do if you bought a house with latent defects and voetstoots.

The excitement of finding your dream house can easily distract you from the nitty gritty of preparing to make such a big investment. The best advice is to temper that with a practical approach.

5 Jul 2022 3AM 19 min

South Africa needs to kick-start electric vehicle production – or risk losing billions in exports.

South Africa’s manufacturing sector needs to start producing and selling more electric vehicles (EVs), or risk losing out on billions of rands in exports, says the National Association of Automobile Manufacturers of South Africa (Naamsa). Mike Mabasa, the chief executive officer of Naamsa, said that the push toward manufacturing electric…

5 Jul 2022 3AM 14 min

TECH & INNOVATION: Airbuy allows cash-only customers to make online payments.

Local fintech start-up Airbuy has signed a partnership deal with 1Voucher, a subsidiaryof voucher distribution firm Flash Group, to enable online payments for shoppers, using a voucher instead of a bank card. Airbuy is an online payment gateway launched in 2017 by South African tech-entrepreneurs Tshepang Kobo and Njabulo Makhathini.

5 Jul 2022 3AM 9 min