Kaya Biz

Inside Your Pocket: Things you can use on your small side hustle to reduce tax.

WHAT ARE THE BEST TAX-SAVING STRATEGIES FOR SMALL BUSINESSES? To help small business owners and entrepreneurs save taxes through legitimate and easy ways, we asked experienced entrepreneurs and financial advisors this question for their best strategies. From hiring family members to implementing HSAs, there are several simple ways that may…

31 Mar 2022 4AM 17 min

LIFE of a publishing editor in times of a pandemic.

Mondli Makhanya, who is currently the Editor-in-Chief of City Press, has been in the media industry for more than 26 years. He is one of South Africa’s most respected editors and an influential columnist. Makhanya’s insights into South Africa’s political and social developments are much sought after. He is a…

31 Mar 2022 4AM 14 min

VAT-free chicken: Is it important?

Trade movement Fairplay wants the value added tax (VAT) on some chicken cuts meant for the lower income market to be scrapped to ease the impact of rocketing food prices. According to estimates made in a 2018 report, this could lop off about R1.2 billion in tax revenue.

31 Mar 2022 4AM 8 min

Petrol price intervention announced for South Africa.

The government will intervene to soften South Africa’s record-high petrol price in April, says finance minister Enoch Godongwana. Addressing parliament on Thursday (31 March), Godongwana said this would be done by temporarily reducing the general fuel levy (GFL) included in the Basic Fuel Price by R1.50/litre for the period between…

31 Mar 2022 4AM 7 min

Business trip births a new company - Unoshea

Unoshea was born after a business trip to West Africa (Accra in Ghana), where a brick of unprocessed shea butter was given to me by a friend after a conversation about dry skin. It was my first encounter with the product but I soon discovered that shea butter has been…

30 Mar 2022 4AM 15 min

The changing face of creativity.

SA-based creatives’ recruitment offering BlueAvo was officially launched in March 2021 to help talented African creatives connect with prospective employers. Co-founder Indira Tsengiwe described the platform to Ventureburn. “BlueAvo provides unbiased access to a pipeline of commercial opportunities to one of the biggest economic sectors on the African continent –…

30 Mar 2022 4AM 15 min

New Law proposes scrapping B.E.E in South Africa

The opposition Democratic Alliance says it will table the Preferential Procurement Policy Framework Amendment Act, or ‘Social Impact Bill’, as a private members’ bill for public comment. The bill proposes scrapping the current Broad-Based Black Economic Empowerment (BBBEE) Act and making several key amendments to the Preferential Procurement Policy Framework…

30 Mar 2022 4AM 22 min

Biggest crisis of our times

South Africa’s employment crisis continues. The latest Quarterly Labour Force Survey Q4:2021 by Stats SA shows another increase in the official unemployment rate which now stands at 35.3% - the highest since the start of the QLFS in 2008. • 35.3% is South Africa’s official unemployment rate expanded 46.2% •…

30 Mar 2022 4AM 14 min

Establishment for state owned bank: I Ithala Bank an answer?

WHILE the battle for Ithala Bank to become a fully-fledged state-owned bank with a right to compete with the big five banks escalates, the KwaZulu-Natal parliament doubts Ithala would be able to acquire its permanent banking licence by the end of next month, which is the cut-off date. The bank…

30 Mar 2022 4AM 14 min

ABSA appoints new CEO.

The bank made the announcement on Tuesday.. Rautenbach has been promoted from the position of Chief Executive for Retail and Business Banking. “He joined Absa in 1997 and has held several senior roles over the years, including Chief Risk Officer, Chief Executive: Retail Banking South Africa,” Absa said in a…

29 Mar 2022 5AM 12 min

How to remove a name from a joint mortgage.

The most common query conveyancers receive is how someone can get their partner’s name off their title deed. This refers to the need to undo, and terminate, the common practice of owning immovable property jointly with another. WHAT IS INVOLVED IN TRANSFERRING A HALF SHARE (OR ANY SHARE) IN A…

29 Mar 2022 5AM 20 min

R2.1 billion worth of spectrum secured by Telkom does not allow it to compete effectively, says Telkom.

JSE-listed Telkom will continue to pursue court action to invalidate the Independent Communications Authority of South Africa (Icasa) spectrum auction, saying the R2.1 billion worth of spectrum it secured does not allow it to compete effectively. During the auction, which took place in mid-March, Telkom won 20MHz of 800MHz spectrum…

29 Mar 2022 5AM 18 min

SA’s employment crisis continues

South Africa’s employment crisis continues. The latest Quarterly Labour Force Survey Q4:2021 by Stats SA shows another increase in the official unemployment rate which now stands at 35.3% - the highest since the start of the QLFS in 2008. • 35.3% is South Africa’s official unemployment rate expanded 46.2% •…

29 Mar 2022 5AM 16 min

Lockdown 2 years on - mental illness looms in the workplace.

After two years of Covid-19 lockdown, as employees shift from remote working back to office work, the challenge for business now is not only adapting to changes in technology and new modes of working, but to guard against a second pandemic of mental illness. Two years ago, on the morning…

28 Mar 2022 5AM 10 min

Four hybrid workplace mistakes leaders should avoid.

With hybrid work, the workplace is no longer inside the four walls of the corporate office—it’s an ecosystem of employees working from home, in coworking spaces, and the office. “It offers employees the autonomy to choose to work wherever and however they are most productive,” said Linda Trim, Director at…

28 Mar 2022 5AM 13 min

Knowing when, and how, to compromise at work.

It’s not clear how or why, but in recent years compromise seems to have become a dirty word. No longer the venerable art of give-a-little-to-get-a-little, compromise is for many people a sign of weakness. It’s for losers, they claim, and it leads to mediocrity. But no. Compromise is your go-to…

28 Mar 2022 5AM 22 min

Wealth Creation: Asset purchase vs stock purchase.

It is an exciting time when a business has reached the point where it is thinking of acquiring another company. Before the process begins, it needs to decide which avenue is right for the purchase. Generally, there are three avenues through which a company can purchase an existing business. The…

28 Mar 2022 5AM 11 min

Competition Commission raises concerns over volatility of pricing for fresh produce in South Africa.

The Competition Commission has announced plans to investigate South Africa’s fresh produce food market. “Essential foods are critical to the socio-economic well-being of a nation, and in particular to its poorest consumers for whom essential foods form a significant portion of household expenditure relative to other wealthier consumers,” the commission…

28 Mar 2022 5AM 8 min

Investment Conference Wrap - but there's still an investment strike, says prof. Meyer.

Last week we held our fourth South Africa Investment Conference as part of a drive to raise R1.2 trillion in new investment over five years. Despite persistent challenges in the economy, investors are buying into Ramaphosa’s vision, as evidenced by the pledges made this week. Professor Danie Meyer, a development…