Kaya Biz

ITS MY HOUSE: Buying A Repossessed Home In South Africa

Matseleng Mogodi - Senior Property Practitioner from real estate agency Snooks Estates talks about Bank-assisted property sales, sales in execution and sheriffs’ auctions may seem attractive, but there are issues to be aware of, says Paul Stevens, chief executive of Just Property, who talks through the process and the pitfalls…

24 Jan 2023 10AM 21 min

Worried about matric results?

Shiwela Shikweni Branch manager at Boston City Campus talks about With the matric group of 2022 having received their final exam results, what are the future options for matrics who did not get a matric exemption or bachelor’s pass? While this can be a stressful time, all is not lost…

23 Jan 2023 11AM 8 min

Why Is A Lifestyle Downgrading So Hard?

Mantsha Pheeha, Author and Certified Coach talks about Abantu bazothini leading you to financial ruin? 5 tips to help you conquer fears of downgrading Why are we so scared of what people will think or say about us if we drive a Corolla instead of a Porsche Cayenne — and…

23 Jan 2023 11AM 19 min

CAREER’S CORNER: 960 Women To Receive Leadership Training In Finance

Irene Charnley, President of the International Women's Forum South Africa (IWFSA) Nine hundred and sixty (960) women will receive vital mentoring and leadership training during the next three years to emerge as the future generation of ethical leaders, thanks to the partnership between International Women’s Forum South Africa (IWFSA), the…

23 Jan 2023 11AM 19 min

WEF Showcases Benefits Of Govt, Business Collaboration, BLSA says

Busi Mavuso - Business Leadership South Africa (BLSA) CEO Last week’s World Economic Forum (WEF) meetings were a testament to there being no better example of government and business working together effectively than when it engages with the international business community, business organisation Business Leadership South Africa (BLSA) CEO Busi…

23 Jan 2023 10AM 11 min

Scramble For Africa Hots Up As Lavrov And Yellen Join Procession To Pretoria

Dr David Monyae. Associate Professor of Political Science and International Relations and Director for the Centre for Africa-China Studies (CACS)   The new scramble for Africa — to court African countries for increased trade and investment — will intensify this week when major powers send top ministers to the continent’s…

23 Jan 2023 10AM 11 min

WEALTH CREATION: Top Stock Picks To Look Out For In 2023

CHANTAL MARX - HEAD OF INVESTMENTS RESEARCH AT FNB WEALTH AND INVESTMENTS talks about Last year was a tumultuous year in global equity markets and while the JSE eked out a positive return in rand terms, it still moved backwards when converted to the greenback.  We saw growth expectations moderate…

23 Jan 2023 10AM 15 min

HAPP-E-TAX, Your tax guidance app.

A new locally developed app, called Happ-e-tax has been designed to make information about South Africa’s tax legislation easily accessible. In the app, you will find information about the Income Tax Act, the Tax Administration Act, interpretation and practice notes, a comprehensive definitions list and space for notes and folders…

18 Jan 2023 11PM 11 min

Corncerns as rich taxpayers leave SA – could loadshedding be reason?

South Africa is in a precarious position in that its working-class taxpayers are severely diminished and the SA Revenue Service (Sars) is too dependent on taxes from the rich, but ever more rich South Africans are leaving the country. This warning came from Claude de Baissac, chief economist of business…

18 Jan 2023 11PM 18 min

PIVOT POINT - Annabell Lebethe appointed as SAMRO’s new CEO.

The Southern African Music Rights Organisation (SAMRO) recently announced the appointment of Annabell Lebethe as its new Chief Executive Officer. In a statement released by SAMRO, Chairperson Nicholas Maweni said Lebethe’s appointment comes after a lengthy search by the board, who agreed that she embodies the right qualities and experience…

18 Jan 2023 11PM 22 min

INSIDE YOUR POCKET: Your child's college needn't be a financial burden.

The announcement of the 2022 matric results mean it is that time in this year when parents of successful matriculants may need to take action to finalize the enrolment of their children for their next schooling life stage with the start of tertiary education. For those fortunate enough to have…

18 Jan 2023 11PM 11 min

Bank of America SA Macro Outlook for 2023.

South Africa's 2022 economic performance could be described as M-shaped, with ups in Q1 and Q3 and downs in Q2 and Q4. Even so, it is likely to have managed 2.4% full year growth. In 2023, the forecast is gloomy with persistent blackouts, the effects of high inflation, and cumulative…

18 Jan 2023 11PM 11 min

Fictitious and fraudulent loans a ‘reportable irregularity’ – Spar.

South African grocery chain Spar has conceded that ‘fictitious’ and ‘fraudulent’ loans flagged by its auditors and a team of lawyers, were reportable irregularities, saying they should have never happened. Last year, the JSE-listed retailer, which operates on a franchise model, came under the spotlight following a slew of allegations…

18 Jan 2023 11PM 9 min

Usain Bolt demands his full $12.75 million balance from SSL.

Jamaican sprint legend Usain Bolt has taken legal steps demanding that the USS$12.75 million balance of his investment in Stocks and Securities Limited (SSL) be turned over to him at the earliest possible time. SSL is currently embroiled in a multi-million fraud allegedly perpetrated by one of its employees, which…

18 Jan 2023 6AM 11 min

From garage to factory: Family trailer business gets R2m cash injection.

EKASINOMICS: Lucas Maluleke started Trailored, a small custom trailer company, in a Soweto garage in 2003. At the time, the business could build one new trailer every few three to four months - but has since expanded capacity to produce more than that each day. The business has also been…

18 Jan 2023 6AM 20 min

Going into business with a friend? How you should prepare yourself legally.

LEGALLY SPEAKING: Starting a business with friends can be a great way to become a business owner. Working with friends can be rewarding and fun, but there can also be some speed bumps along the way. Just like working with anyone else, you and your friend may have different viewpoints…

18 Jan 2023 6AM 24 min

Relief ahead for small businesses grappling with load-shedding, says Ndabeni.

Relief ahead for small businesses grappling with load-shedding, says Ndabeni-Abrahams. Small business development minister Stella Ndabeni-Abrahams said she and her team are trying to find solutions aimed at lessening the devastating effect of load-shedding on small businesses. She said the department’s agencies, the Small Enterprise Finance Agency (Sefa) and the…

18 Jan 2023 6AM 11 min

Another food price shocker on the cards for South Africa.

The price of some staple food groups is expected to rise as load shedding takes its toll on the agricultural sector, says Christo van der Rheede, an executive director at Agri SA. Speaking to 702, Van der Rheede said that load shedding is having profound knock-on effects for all types…

18 Jan 2023 6AM 10 min

Consumer inflation eases further to 7.2% in December.

As expected, headline inflation was 7.2% y/y in December from 7.4% in November. This brings average inflation to 6.9% in 2022, up from 4.5% in 2021, the highest since 2009. Core inflation was 4.9% y/y, down from 5.0% previously, but had monthly pressure of 0.2% that was driven by housing…

18 Jan 2023 6AM 10 min

How to become a property mogul – with the little money you have.

Investing in property can be a profitable venture if done correctly. Follow these tips and you will soon be well on your way to building a property empire. Most successful investors will tell you that smaller properties, like flats, generate a better return than houses.

17 Jan 2023 5AM 16 min