Kaya Biz

CAREER’S CORNER: Why You’re Being Undermined at Work

Do you feel like you’re constantly being undermined at work? If so, don’t worry – you’re not alone. Many people feel like they’re undervalued and undermined by their colleagues, and it can be a really frustrating experience. In this blog post, we’ll talk about why people undermine others at work,…

7 Nov 2022 10AM 21 min

WEALTH CREATION: South Africans have too little life and disability insurance

The most recent study on life and disability cover by the Association for Savings and Investment South Africa (Asisa) indicates that the untimely death of a breadwinner, or an accident that leaves them disabled, will be a true disaster for most families in SA. The typical wage earner simply does…

7 Nov 2022 10AM 12 min

Minister Godongwana changes BEE rules for SOEs

Government institutions such as Eskom, Transnet and Denel no longer have to disqualify suppliers just because they do not meet BEE requirements. After years of sustained pressure, government relented and promulgated regulations stating that state-owned enterprises (SOEs) no longer have to comply with BEE requirements when awarding government contracts. Finance…

7 Nov 2022 10AM 9 min

Delta Posts Solid Operational Performance

07 November 2022, Johannesburg. Delta Property Fund, a specialist black-managed and substantially black-owned REIT with a significant sovereign underpin today published its half-year results for the six months ended 30 August 2022. “Notwithstanding significant economic headwinds in the macro-economy and especially the office sector, our portfolio performance remains robust as…

7 Nov 2022 10AM 12 min

Blackout Black Friday: Retailers to rack up R17.3bn

South African retailers are expected to generate around R17.3bn in additional sales over the Black Friday promotional period, representing around 6.7% growth over the Black Friday period in 2021. The number is forecast to be R5.4bn lower than it would have been if South Africa was not experiencing so many…

3 Nov 2022 11AM 7 min

SA's first black female Chartered Accountant Nonkululeko Gobodo on her new book

Nonkululeko Gobodo was first thrust into the spotlight as South Africa’s first black female Chartered Accountant (CA) in 1987. In her much-anticipated life story, Awakened… to my true self, Gobodo shares her experiences and the inconceivable trials and tribulations she traversed and conquered to become a CA and how she…

3 Nov 2022 11AM 29 min

INSIDE YOUR POCKET: Struggling To Cover Your Monthly Bond Repayments

Interest rates may have been muted for the majority of 2021, but 2022 has given rise to some of the biggest hikes of recent years. “The current interest rate of 9.75% is expected to increase by a further 25 basis points before the end of 2022,” comments Grant Smee, Managing…

3 Nov 2022 11AM 10 min

PIVOT POINT: Monalisa Zwambila, the owner of Riverbed

Monalisa Zwambila owns and manages what is probably South Africa’s largest independent, black-woman-owned advertising agency. Over the last decade, R\VERBED (Riverbed) has emerged as a medium-sized agency with revenue well above R50m and 40 employees, placing the agency in league with similar-sized agencies, such as Grey Africa, Saatchi & Saatchi…

3 Nov 2022 11AM 25 min

UK trade and investment with South Africa is growing

The UK Department of International Trade (DIT) on Wednesday released its latest “Factsheet” (actually a 17-page document) on bilateral UK-South Africa trade and investment. The Factsheet covered the four quarters ending at the conclusion of the second quarter of this year (Q2 2022) – or, on other words, Q3 2021,…

3 Nov 2022 11AM 8 min

The GEPF continues positive growth

The Government Employees Pension Fund (GEPF) is pleased to announce its financial results for the year ended 31 March 2022. Key Performance Indicators: · o o Market value of R2.3 trillion increasing by R 201 billion from the previous financial year o Investment market value increased by 9.6% o Return…

3 Nov 2022 11AM 11 min

EKASINOMICS: SA's first ever mopane worm chocolatE

She went ahead and did the thing financial advisers always tell us not to do. But what else could she do? the businesswoman jokes. She had a vision – to bring exquisitely packaged masonja products to the world, while uplifting her community at the same time – but she didn’t…

2 Nov 2022 11AM 11 min

INSIDE YOUR BUSINESS: Takealot CEO on the state of e-commerce in SA

South Africa’s eCommerce sector is rapidly growing now more than it has ever before. In 2020, South Africa eCommerce grew by 66% compared to the year before. This increase was primarily influenced by the restrictions placed on traditional retail stores that led to the reduction of in-store shopping by 30%…

2 Nov 2022 11AM 18 min

LEGALLY SPEAKING: Can you contest a retrenchment, demotion or pay cut?

With companies taking austerity measures to stay afloat amid and in the aftermath of the COVID-19 lockdown, find out what your rights are when it comes to your employment prospects with these expert insights. CAN I CONTEST A RETRENCHMENT? Before unpacking this question, it’s important to understand the standard process…

2 Nov 2022 11AM 21 min

Dis-Chem earnings jump as it shakes off Covid.

Pharmacy and healthcare retail group Dis-Chem says it is trading at pre-Covid levels in South Africa, with expansions and acquisitions boosting its reach and driving profitability. In its interim results for the six-month period ending 31 August 2022, Dis-Chem reported group revenue growth of 9.3% to R16.3 billion over the…

2 Nov 2022 11AM 11 min

Pick n Pay to start accepting cryptocurrency payments

One of South Africa’s largest grocery retailers Pick n Pay is expanding a pilot of adding cryptocurrency as a payment option to more stores after the successful completion of the first phase, it said on Tuesday. The announcement came weeks after the Financial Sector Conduct Authority formally declared crypto assets…

2 Nov 2022 11AM 10 min

Standard Bank Thrive Campaign: Stock Advance

Thrive_ in the mix – thrive_ is more than an app and/or a card machine we’re are in the mix with our traders and have created a rewards club (programme) for them where they can access the essential elements they’ll need to power their weekend sales. These key elements are…

2 Nov 2022 11AM 11 min

TECH & INNOVATION: Black women starts her own car-tracking business

Myfleet Track is South Africas most advance fleet tracking and fleet management company offering cuting edge solutions "My Fleettrack is a tracking and fleet management company offering cutting edge tracking and fleet management solutions to a variety of industries. Our products are tailor made to suit your personal and business…

1 Nov 2022 11AM 10 min

SA shopping mall footfall recovers, but dwell time dwindle

The analysis was performed using Terain, the company's new AI-driven geospatial solution using near real-time app location data combined with Eighty20’s customer profiling information to understand anonymised customer movement behaviour. Andrew Fulton, director at Eighty20, revealed insights into the change in foot traffic, from January 2020 to the most recent…

1 Nov 2022 11AM 16 min

ITS MY HOUSE: How to negotiate a lower purchase price without offending the sell

Negotiation is one of the ways companies can reduce cost, increase cash flow and improve margins. Buyers will always want to reduce costs while maintaining the quality of service offered; suppliers, on the other hand, will always want to increase their margins. Given the divergent goals, your best options as…

1 Nov 2022 11AM 15 min

Sibanye-Stillwater to retrench up to 1,959 employees

SIBANYE-Stillwater may retrench up to 1,959 employees from its South African gold operations following an announcement today it had started restructuring talks with unions at its Beatrix 4 shaft and Kloof 1 plant. This is in terms of Section 189 of the Labour Relations Act which seeks to find ways…

1 Nov 2022 11AM 9 min