The OFM Business Hour
The latest business news from Central SA. Presented by Olebogeng Motse.
Jail time for lying on your CV
The National Qualifications Framework Amendment Act makes it is illegal for employees (or anyone else) to lie about their qualifications on their CV. It is a law from 2019. Nonhlanhla Mtshali, Attorney and founder of The Legal Affair, shared why it is so important for employees or prospective employees as…
E-commerce creating new opportunities
Years ago, in South Africa, the total retail sales via ecommerce hovered around R2 billion. This year, the estimated total online retail sales is close to R14 billion – a phenomenal 700 percent increase. Jake Willis, CEO and co-Founder of Lula-way, discusses some exciting opportunities that are starting to emerge…
Credit rehabilitation and buying a home
South Africa’s debt and affordability levels continue to surge, but thanks to a prolonged buyer’s market with the lowest interest rates experienced in half a century, consumers have their sights firmly set on the residential property market. Natasha Champion, regional sales manager of Ooba Home Loans, tells us how you…
Corruption threatens the South African economy
Today we saw Cosatu and Saftu, who collectively represent close to three million workers, embark on a national strike against corruption and unemployment. Jacques van Wyk, from JGL Forensic Services, discusses the effectiveness of such an action and also the effect of corruption on the South African economy and the…
SA in depressie sowel as tegniese resessie
Suid-Afrika het 2020 met ‘n tegniese resessie begin en het tyden Covid-19 ‘n depressie binnegegaan. Om beter te verstaan wat ‘n tegniese resessie is en hoe ‘n land uit een kan kom, luister hier na wat ekonoom, Renier van Zyl van die Efficient Group alles te sê het.
Celebrate World Food Day
World Food Day promotes global awareness and action for those who suffer from hunger and for the need to ensure healthy diets for all. The Food and Agriculture Organization (FAO) designated 16 October as World Food Day in 1979. Gillian Le Cordeur, CEO of The Institute of Risk Management (IRMSA)…
Petrol prices decrease by midnight
Spokeperson of the Automobile Association, Layton Bread, shares how important the October pertrol, diesel and paraffin price decreases are for consumers who are already going through a very tough time financially. He also explains the various taxes linked to the petrol price.
Sakekamer reg vir skattejag
Die Potchefstroom Sakekamer se president, Jonathan Baron, gee vir ons terugvoer oor verskeie projekte wat hulle of al afgehandel het of tans mee besig is. As sakekamer het hulle ook baie beplan vir die res van die jaar, as jy meer wil uitvind oor hulle webinare en projekte, luister na…
Understanding intellectual property
When you look at intellectual property, there are four main types that exist, this according to attorney and founder of The Legal Affair, Nonhlanhla Mtshali. She discusses the importance of intellectual property and also how to register your ideas.
SMMEs struggling in Bloemfontein
Small business in Mangaung are still struggling even though the country has moved to level 1 of the national lockdown. Nancy de Sousa, president of the Mangaung Chamber of Commerce and Industry, feels that this moved happened to late to help businesses, who are now without the necessary cash flow…
Employment fell by 2.2 million
South Africa's unemployment rate fell to 23.3% in the second quarter of 2020 from 30.1% in the previous period. It was the lowest jobless rate since the second quarter of 2009, as the country's strict lockdown distorted labour force numbers with fewer people actively looking for employment. Jaco Spies, Labour…
The time to build is now
One would be hard pressed to find a more attractive investment opportunity than purpose-built student accommodation. TSK Bartlett’s, Managing Director, Keegan Bartlett says that while property developers and construction firms rush to meet the demand, there is still a chronic shortage of accommodation.
Dienslewering steeds ‘n probleem in Emfuleni
Dienslewering is steeds ‘n probleem in die Emfuleni distrik en ons gesels met Klippies Kritzinger die president van die “Golden Triangle Chamber of Commerce”. Hy deel ook hoe belangrik dit vir sakekamers is om ‘n goeie verhouding met hulle betrokke munisipaliteite te handhaaf en gereeld met hulle in samesprekings betrokke…
Tipping without physical cash
Nico Koupis, Business Owner in Bloemfontein, shares his “Tip n Pay” system to tip when you just don’t have cash on you. He explains how the system works and also gives some tips to young entrepreneurs.
Reputational risk of social media
A recent tweet made by a director of Cricket South Africa relating to a cancelled sponsorship highlights an issue for South African boards: the risk represented by social media. Social media platforms have become a key communications channel, but they pose particular risks for organisations and especially their directors, says…
Hoekom gebruik beleggers BBP om besluite te maak
Daar word gereëld van BBP of Bruto Binnelandse Produk gepraat, maar wat presies is dit en hoe word dit bepaal. Ekonoom, Renier van Zyl, vat jou deur die verskeie aspekte wat BBP opmaak en verduidelik hoe dit deur beleggers gebruik word om in lande te belê.
Hunger impoverishes us all
Hunger is something that affects all of us, either directly or indirectly. It has always been a problem, although covid-19 has brought new focus on a problem that can bring a country to its knees. Christopher Palm, Chief Risk Advisor of the Institute of Risk Management South Africa (IRMSA), discusses…
I’ve received money erroneously, now what?
Am I allowed to use money that has been mistakenly paid into my bank account? If I do use money mistakenly paid into my bank account, can the person or company who paid the money claim it back? These are just some of the questions answered by Nonhlanhla Mtshali, Attorney…
The magic of biltong
Adèl Botham from Carve Biltong Workshop, tells us how biltong became a South African favourite and such a special part of our South African heritage. She also shares what the difference is between Beef Jerky and Biltong, what the best meat is to use and how to store this tasty…
Time running out for UIF/TERS applications
The latest media statement by the UIF indicates that final date for new applications is 25 September 2020. Jaco Spies, Labour expert, explains what this mean to all stakeholders involved. He also shares what an employee can do if they have not yet received their TERS pay-out from April.