Kaya Biz

Kganyago defends Reserve Bank’s focus on inflation

South Africa’s central bank said it will continue using interest rates to curb inflation, and responded to calls for its mandate to explicitly include promoting economic growth and creating jobs by saying monetary policy already targets those indicators. At 6.25%, the Reserve Bank’s repurchase rate is still below long-term levels…

1 Nov 2022 11AM 13 min

Four ways companies can strengthen their boards

South Africa’s economy is struggling. A number of factors are behind the decline. These include severe power cuts which are taking their toll on all spheres of the economy, rising inflation, increases in food prices, the effects of the Ukraine-Russia conflict, which has resulted in higher fuel and energy costs…

31 Oct 2022 11AM 13 min

Side-hustlers and slashers on the rise in SA

There is, of course, nothing new about making some extra money on the side. Whether you’re saving for a dream holiday or just trying to keep the wolf from the door during a tough time, taking on a second job, finding a hobby that pays or starting a small business…

31 Oct 2022 11AM 9 min

CAREERS CORNER: Signs that you have poor workplace boundaries. And how to get b

This is all to say that setting healthy boundaries for yourself at work starts early—as early as the interview process itself. From the interview and onward, you teach your boss and your colleagues how to treat you and how you achieve a healthy work-life balance by implementing physical boundaries, mental…

31 Oct 2022 11AM 22 min

WEALTH CREATION: Is Investing in Property abroad still a great investment choice

Mark Peason his the CEO of Barron&Cabot -Buying property abroad – it's easier than you think Baron and Cabot, a UK-based Property Company, is helping Africans to acquire property in the U.K with low-interest rates. South Africa’s, Kenya’s, Nigeria’s and Ghana’s middle class and business people have turned to the…

31 Oct 2022 11AM 14 min

Inflation expected to remain elevated in the coming months, economists say

South Africans should expect inflation to remain elevated in the coming months, economists say, as higher diesel prices and input costs ripple through the entire producer supply chain. The Bureau for Economic Research (BER)’s outlook for CPI sits around 7% year-on-year for the next several months, coming off the back…

31 Oct 2022 11AM 9 min

As SA union members climb to 4 million, Nxesi warns of militant labour, unprotec

A rise in SA union membership and the proliferation of several new splinter unions have had the unintended consequence of sparking more adversarial labour relations and a rise in unprotected strikes. Nxesi said South Africa's union numbers grew from 3.5 million members in 2013/14 to over 4 million in 2020/21…

31 Oct 2022 11AM 9 min

Talking with Traxion CEO on the role of private sector in railway industry.

Traxtion Group, the provider of rail services and solutions across the African continent, on Monday announced its intention to embark on a significant investment programme within South Africa’s rail sector. This follows the Economic Recovery Plan presented by President Cyril Ramaphosa at the Joint Sitting of Parliament on October 15,…

27 Oct 2022 7AM 18 min

PIVOT POINT: Pumela Salela – UK Country Head, Brand South Africa.

Pumela Salela is a name most associated with impressive achievements and a bevy of local and international awards in business leadership and branding. The highly respected nation branding architect has now extended her acumen into the world of fashion with the launch of Puparium, a proudly South African luxury brand…

27 Oct 2022 7AM 16 min

INSIDE YOUR POCKET: How to say no with your money - avoid being a human ATM.

There are times when, out of our own fear of being rude or uncomfortable, we make money choices that aren't in our best interest. Here are five ways to say a financial "no"—whether it's refusing to loan money or bowing out of Girl Scout cookies. Have you ever been put…

27 Oct 2022 7AM 14 min

Tongaat Hulett enters business rescue as lenders run out of patience.

Struggling sugar producer Tongaat Hulett, which is choking on a SA debt pile more than ten times its market value, is heading for business rescue after failing to get a nod from lenders on its restructuring plan. The group needs R1.5 billion as it services roughly R6.3 billion in SA…

27 Oct 2022 6AM 13 min

Township development – How you can use your wall to make extra cash.

Township Wall Media/Murals are out of home structures owned by Township Communities and have been turned into canvases for advertising purposes.It is way businesses are able to empower members of local communities, especially the township. The point of the conversation is to equip people with the criteria needed should they…

26 Oct 2022 3AM 9 min

EKASINOMICS: Mthembu trades trash to uplift community.

Smanga Mthembu, a Soweto entrepreneur who is making a difference in his community through his recycling business, is living up to the Nelson Mandela Day theme to ‘Do what you can, with what you have, where you are’. By transforming an illegal dumping site into a reliable, award-winning recycling business…

26 Oct 2022 3AM 18 min

LEGALLY SPEAKING: S/Africans are lying to secure car and home loans

South Africans are lying to secure car and home loans – and getting away with it. The latest South African Banking Risk Information Centre Annual Crime Statistics (Sabric) report shows a drastic increase in the number of fraudulent Vehicles Asset Finance (VAF) applications as well a slight – but felt…

26 Oct 2022 3AM 13 min

BUDGET SPEECH: In conversation with SARS commissioner Edward Kieswetter.

Like the National Prosecuting Authority, the South African Revenue Service (SARS) will receive more bucks in its budget to improve its ICT capabilities. This was presented in the 2022 Medium-Term Budget Policy Statement (MTBPS) presented by National Treasury. Says the MTBPS: “The South African Revenue Service will receive additional funds…

26 Oct 2022 3AM 12 min

BUDGET SPEECH – SOE, SMMEs and more.

Finance minister Enoch Godongwana delivered the 2022 Medium-Term Budget Policy Statement (MTBPS) on Wednesday, 26 October. The budget touched on many points and topics that were raised in the lead-up to the speech, including the South African government taking over a portion of struggling power utility Eskom’s debt, and giving…

26 Oct 2022 2AM 8 min

BUDGET SPEECH - In conversation with Deputy Finance Minister David Masondo.

Deputy finance minister David Masondo’s concerns regarding the lack of progress in unlocking private sector involvement and investment in railways should be heeded ("Think again on time frame for private access to railways, says Masondo”, October 23). Speaking to Business Day at the Kgalema Motlanthe Foundation inclusive growth forum, Masondo…

26 Oct 2022 2AM 20 min

TECH & INNOVATION: LUNTU is a 100% SA, Black Womxn owned online marketplace.

LUNTU is a 100% South African, Black Womxn owned online marketplace where customers may shop brands and products that matter to them in an easy way. Amahle Ntshinga of Luntu, a conscious online store that sources products from suppliers who come from marginalised groups. Today, Luntu is doing business in…

25 Oct 2022 3AM 11 min

Homes sold illegally without owner's knowledge - what should you do?

75-year old Steven ngoep was evicted from his own house and sent to prison nine years ago for "trespassing" in his own home. According to a report from the Citizen, his "nightmare" began early one morning when a mysterious woman showed up at the house he had resided in for…

25 Oct 2022 3AM 14 min

ITS MY HOUSE: Home Loan Q3 Statistics: rate hikes impact Market.

Statistics for the third quarter of 2022 (Q3 ’22) released by ooba Home Loans, South Africa’s leading home loan comparison service, reveal that competition for home loans remains vigorous among home loan lenders, despite the ongoing interest rate hikes and rising costs which places further pressure on consumers.

25 Oct 2022 3AM 18 min