Kaya Biz

Over 100 state entities granted exemption from preferential procurement legislation.

More than 110 organs of state have been granted exemption by National Treasury from the provisions of the Preferential Procurement Policy Framework Act (PPPFA). These exemptions were granted following the Constitutional Court’s decision in February that the 2017 Preferential Procurement Regulations (PPR) issued by the minister of finance were unlawful.

16 May 2022 4AM 8 min

Economists predict big rate hike for South Africa this week.

The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) is set to increase the repo rate this week – with consensus among most analysts and economists that the hike will be larger than at previous meetings. The MPC will sit for its May meeting from 17 May, with an…

16 May 2022 4AM 13 min

10X agrees to buy Core Shares to create R31bn+ full-service indexing business.

10X agrees to buy Core Shares to create R31bn+ full-service indexing business 10X Investments has agreed to a 100% cash purchase of Core Shares, creating a full-service South African indexing investment specialist with more than R31 billion in assets under management.

12 May 2022 4AM 10 min

Inside Your Business- Business transformation in the ‘next normal’.

As we approach a post-pandemic world, businesses now face a new challenge of leveraging what they’ve learnt and stepping up the pace to future-proof their business so that they can be prepared for changes in the business landscape that have progressed from the ‘new normal’ to the ‘next normal.’ Gary…

12 May 2022 4AM 17 min

Pivot Point: Kagiso Khaole, head of mobility operations at Uber Sub-Saharan Africa.

Kagiso Khaole joins us in studio, giving insight in the business and operations not forgetting the change in environment due to the pandemic. He unfolds how Uber has grown and expanded since the introduction of Uber X and Uber Black which was launched 10 years ago.

12 May 2022 4AM 19 min

A decision by Europe to protect Rooibos is now attracting tea tourists to the Cederberg.

Rooibos tea was recently added to the European Union's register of products with a protected designation of origin, and farms in the Cederberg region of the Western Cape report an influx of international tourists. Rooibos is a unique and sought-after plant. It's only farmed in the Cederberg, and its leaves…

12 May 2022 4AM 13 min

SARS employee set to go on strike over 0% salary increase.

The Public Servants Association (PSA) has given Sars a notice of its intention to go on strike after receiving a certificate of non-resolution of the dispute from the Commission for Conciliation, Mediation and Arbitration (CCMA). According to the PSA, the strike notice follows the failed wage negotiations in which the…

12 May 2022 4AM 8 min

Angola Stock Exchange is finally set for it's first IPO 8 years after it was established.

The IPO would be launched on June 9, 2022 by Angola's largest bank Banco BAI, which is majority-owned by state-owned oil company Sonangol and diamond producer Endiama E.P. In a statement released via its website, Banco BAI explained that both Sanongol and Endiama E.P will collectively issue 10% of their…

12 May 2022 4AM 10 min

Initiative implemented by Exxaro that best suits the 4IR.

How can African mining position itself for tech growth given its’ significant young population, and how does mining attract the brightest talent in a competitive market? What role does tech have to play in the Just Transition for coal-based economies like South Africa? Johan Meyer – Executive Head of Projects…

11 May 2022 5AM 9 min

Legally Speaking: What to do when you’re feeling alienated by your manager?

We’ve all had good managers, bad managers and lots who were somewhere in-between. The worst managers of all are the ones who create a toxic work environment. You know the ones — I call them toxic bosses. It’s the team where everyone holds their breath when the boss comes in…

11 May 2022 4AM 15 min

Ekasinomics: Limpopo entrepreneur goes from backyard garden to commercial farming.

Right now, South Africa needs every entrepreneur it can get. They don’t just drive economic growth: they create employment and help address societal challenges. Just ask emerging Limpopo farmer Cynthia Mokgobu, who has gone from growing vegetables in her backyard to farming spinach, butternut, baby marrows and cabbage for local…

11 May 2022 4AM 18 min

Mining Indaba - Global commodity highs can't hide the crisis at home.

Hundreds of mining industry leaders from across the world and government officials are gathered at the indaba, which is organised to showcase the continent’s potential in the sector. This year's theme is 'an evolution of African mining: investing in the energy transition, and the economies.'

11 May 2022 4AM 12 min

Taxpayers’ last gift of R3.5bn to SAA

It’s official. The government has now signed the agreement to sell a controlling shareholding in loss-making South African Airways (SAA) to the Takatso Consortium. Public Enterprises Minister Pravin Gordhan confirmed this during an address to the Standing Committee on Public Accounts (SCOPA) on Tuesday.

11 May 2022 4AM 18 min

Accenture launches ESD platform for the mining industry in South Africa.

Accenture (NYSE: ACN) has launched its Enterprise and Supplier Development (ESD) marketplace platform with a focus on supply chain in mining. The platform has been developed in partnership with Adapt Digital Solutions and in collaboration with the Department of Mineral Resources and Energy (DMRE) to bridge the gap between mining…

10 May 2022 4AM 12 min

Initiative implemented by Exxaro that best suits the 4IR

How can African mining position itself for tech growth given its’ significant young population, and how does mining attract the brightest talent in a competitive market? What role does tech have to play in the Just Transition for coal-based economies like South Africa? Johan Meyer – Executive Head of Projects…

10 May 2022 4AM 9 min

SA home buyers are now paying the smallest deposits in 14 years.

South African home buyers are currently putting down the smallest deposits to buy a property in about 14 years, according to the latest FNB Residential Property Barometer. The national loan-to-price ratio - the proportion of the purchase price that lenders are willing to fund - has increased to 94.9% in…

10 May 2022 4AM 13 min

It's My House: Paying tax, particularly when you are earning an income from property.

What is rental income? How is tax calculated on rental income? How is tax calculated on rental income? These are some of the questions you should be asking if you earn an income from property.

10 May 2022 4AM 17 min

New law promises a boost to Gauteng’s township businesses.

The signing of the Township Economy Development Act into law by Gauteng Premier David Makhura has been hailed by the province as a breakthrough in the development of its township economy. The Act is aimed at addressing the legacy apartheid left on Gauteng’s townships and is meant to open up…

10 May 2022 4AM 12 min

SARS disallowed over 60% of home office claims last year .

The South African Revenue Service (SARS) remains steadfast that the rules are the rules when it comes to claiming home office expenses, particularly for people who are employed. It disallowed more than 60% of home office claims during the 2021/22 tax year, mainly because people did not qualify in terms…

10 May 2022 4AM 9 min

SA energy fund to provide emergency jet fuel for Joburg airport.

The government says emergency measures have been implemented to ensure a steady supply of jet fuel at OR Tambo International Airport in Johannesburg amid fears a crisis could derail the recovery of the aviation industry. Supplies of jet fuel to OR Tambo, one of Africa’s busiest airports, have been curtailed…

10 May 2022 4AM 12 min