Kaya Biz

FOLLOW UP – Has Transaction Capital’s WeBuyCars run out of growth?

GUEST – Rikus Blomerus - Webuycars CMO WeBuyCars sold 53,144 vehicles in the four months through January 2024 as the company recovers from a challenging 2023. WeBuyCars’ parent company, Transaction Capital, said it delivered on key performance metrics in 2023, including increased volumes and growth in market share, despite lower…

29 Feb 2024 12PM 10 min

GUEST:TSUNGAI MASENDEKE, FINANCIAL PLANNER

As February, regarded as the ‘'Month of Love“is about to come to an end, it’s the perfect time to look at our relationship with money as it is just as personal and valuable as any other relationship in our life. Finances and money elicit so many emotions. Unfortunately for many…

28 Feb 2024 12PM 16 min

INTERVIEW:Food basket increased by 11.5%

The National Agricultural Marketing Council’s (Namc) 28-item urban food basket increased by 11.5% year-on-year. The cost of the urban food basket increased by 11.5% in January from a year ago to reach R1 261.29, an increase of nearly 22 cents from the prior month, according to the Food Basket Price…

28 Feb 2024 12PM 15 min

WOOLWORTHS PROFIT FALLS

GUEST: ROY BAGATTINI, WOOLWORTHS CEO Woolworths has seen its earnings and profits drop as consumers in South Africa and Australia battle to find extra cash. Although the group’s financials for the first half of the 2024 financial year (H1 2024) are not comparable to the prior period (H1 2023) –…

28 Feb 2024 12PM 16 min

INTERVIEW: Will Mango take to the skies again?

GUEST: Guy Leitch, Aviation analyst Few weeks ago, Mango's business rescue practitioner said the airline can proceed with the sale to an unknown investor. Mango has been in business rescue since July 2021.However, there is still a dispute with Public Enterprises Minister Pravin Gordhan on the planned sale. Mango BRP…

27 Feb 2024 11AM 9 min

INTERVIEW: How to wind up the deceased estate of my spouse?

GUEST: GAVIN MKHABELA, PROPERTY INVESTMENT STRATEGIST In most cases surviving spouse simply has no idea what to do regarding the deceased estate of their husband or wife. For example, when the wife goes to the bank where her deceased husband used to bank and enquires regarding funds due to her…

27 Feb 2024 11AM 22 min

INTERVIEW: HOW TO FINACIALLY PREPARE FOR RETRENCHMENTS

GUEST: OSBORNE MOLATUDI - MANAGING DIRECTORMOLATUDI ATTORNEYS, EMPLOYMENT & LABOUR LAW EXPERT CONTACT Recently we saw on the news that The platinum arm of Anglo American is to cut 3,700 jobs in South Africa as the British mining company attempts to improve performance in the troubled division. Anglo American Platinum…

26 Feb 2024 12PM 24 min

INTEVRIEW: TAX DEADLINES HITTING THIS WEEK

GUEST: NICOLAS BOTHA, TAX TEAM COMPLIENCE &PROCESSING MANAGER TAX CONSULTING Provisional taxpayers in South Africa will have until midnight on Thursday, 29 February, to make their second payment for the 2024 tax year – while RAs, tax-free investments and donations are also being tallied. A provisional taxpayer is any person…

26 Feb 2024 11AM 6 min

British High Commission reflects on SA’s 2024 budget speech.

GUEST – Mike Foster - Economic Counsellor, British High Commission. ABSIP in partnership with the British High Commission held a Budget Review Breakfast to reflect on the outcomes of the budget speech and its impact on members of the investment committee. Special guest and Deputy Minister of Finance - David…

23 Feb 2024 5AM 7 min

Family businesses are the ‘unsung heroes’ of global economy – PwC

GUEST - Esiri Agbeyi, PwC Africa Family Business Leader, says: “Family businesses must stay nimble to leverage evolving tax and trade frameworks. With sound guidance, family enterprises can adapt to policy shifts while sustaining growth and job creation. Coordination between African governments is also essential for harmonising tax policies and…

22 Feb 2024 12PM 12 min

South Africans are sticking to Hybrid Work – BrandMapp

GUEST - Brandon de Kock, BrandMapp’s Director of Storytelling says, “It turns out that hybrid work is surprisingly sticky amongst South African mid- to top-end earners. Traditionally, work from home has mostly been the preserve of those who are self-employed. There are, of course, jobs that are strictly bound to…

22 Feb 2024 12PM 12 min

INSIDE YOUR POCKET: Has SARS improved? The Minister seems to think so

GUEST - Louis Botha from the Tax Exchange & Control at Cliffe Dekker Hofmeyr (CDH) The 2024 Budget Address, Minister of Finance, Enoch Godongwana, outlined South Africa's long-term tax policy strategy, emphasising the objectives of broadening the tax base, enhancing tax compliance, and improving administrative efficiency. He said significant strides…

22 Feb 2024 12PM 13 min

ABSIP post-budget speech analysis

GUEST – Polo Leteka – President of the Association of Black Securities & Investment Professionals (ABSIP) ABSIP in partnership with the British High Commission held a Budget Review Breakfast to reflect on the outcomes of the budget speech and its impact on members of the investment committee. Special guest and…

22 Feb 2024 5AM 8 min

What the budget speech means for the South African consumer?

GUEST - Thabani Ndwandwe, Chief Risk Officer at Standard Bank SA Finance minister Enoch Godongwana has outlined the new tax brackets for personal income taxpayers in his Budget speech 2024. The minister said that the budget proposes tax increases totalling R15 billion for the 2024/25 fiscal year to alleviate “immediate…

21 Feb 2024 2PM 10 min

BUDGET 2024 – All your Budget 2024 Tax updates

GUEST – Musa Manyathi Director for Tax at Deloitte Africa Fears that government would hike personal income tax or VAT in this year's Budget proved unfounded. But taxpayers will still be hit in different ways to help plug fiscal holes. Government is struggling with ballooning debt payments, while its spending…

21 Feb 2024 12PM 12 min

A realistic budget – commendable in an election year: BLSA

GUEST – Busi Mavuso – CEO of the Business Leadership South Africa Finance minister Enoch Godongwane delivered a strong budget that commits government to appropriate spending levels given the weak economic outlook. This is positive for business, which needs reassurance that fiscal discipline will be maintained, despite pressure for increased…

21 Feb 2024 12PM 8 min

Will the 2024 National Budget give young people the support they need?

GUEST - Nkosinathi Mahlangu - Youth employment portfolio head at Momentum Metropolitan In this year’s State of the Nation Address (SoNA), President Cyril Ramaphosa painted a very alluring picture, but one that could, unfortunately, be likened to an “expectation versus reality” meme. In his version, the “expectation” one, the President…

20 Feb 2024 12PM 10 min

SA’s unemployment rate rises to 32.1%

GUEST – Statistician-General (SG) Risenga Maluleke The fourth-quarter unemployment rate rose by 0.2 of a percentage point to 32.1% from 31.9% in the third quarter, Statistics SA data shows. There were 46 000 more people without jobs in the fourth quarter of 2023 compared to the three months prior, causing…

20 Feb 2024 12PM 13 min

BUDGET PREVIEW: Why this is a pivotal budget

GUEST – Izak Odendaal - Old Mutual Wealth Investment Strategist Almost every Budget Speech of the past decade has been called “pivotal”, “make or break” or something similar. And yet the great pivot never seems to arrive. Except for the brief post-Covid commodity boom, a decisive change in the country’s…

20 Feb 2024 12PM 9 min

Kumba to cut up to 490 jobs in line with reduced iron ore output

GUEST – Nompumelelo Zikalala, CEO of Kumba Kumba Iron Ore was forced to slow its production during the last quarter of 2023 to reduce a growing stockpile prompted by railway woes. The Anglo American subsidiary, which employed about 11 000 people in 2022 including contractors, also announced on Tuesday that…

20 Feb 2024 12PM 11 min