Kaya Biz

SA employment decreases by 119 000 jobs in Q2.

South Africa’s formal, non-agricultural industries shed 119 000 jobs in the second quarter (Q2), down from 10 067 000 in March 2022 to 9 948 000 in June 2022, led largely by employment losses in the community services, business services and construction industries. Statistics South Africa’s latest Quarterly Employment Statistics…

27 Sep 2022 5AM 5 min

The rand is awful for travel to the US, UK, and a few other countries, are cheap

On Monday, the rand broke through R18 to the dollar for the first time since the pandemic-induced madness that took hold in April 2020, and subsided again during May of that year. That is due in part to dollar strength and various global factors. But the rand is also tanking…

27 Sep 2022 5AM 15 min

ITS MY HOUSE: Upscaling, downscaling or semigrating? Signs that Its time to move

The COVID-19 pandemic has given rise to significant shifts in the residential property market. In the beginning, many were scaling back to clamber back on costs, however, as interest rates continued to dip between 2020 and 2021, many started to upgrade their homes and invest in bigger spaces. Now, with…

27 Sep 2022 5AM 16 min

Africa 2022 - Africa Sport And Entertainment Summit .

The first ever Africa Sport and Entertainment Summit will feature Anita Elberse, the Lincoln Filine professor of Business Administration at Harvard Business School. An award-winning teacher, who will be teaching MBA case studies on entertainment, media and sport. The Summit seeks to unpack opportunities in the Business of Sport and…

27 Sep 2022 5AM 19 min

TECH & INNOVATION: Rebooked APP - Buy, sell, write, publish.

TECH & INNOVATION - Rebooked - ‘Buy, sell, write, publish’ app set to empower students and aspirant writers. A 25-year-old entrepreneur, Nkcubeko Noyila, says her new app ‘Rebooked’ – which connects buyers and sellers of second-hand academic books – provides access to information and tools that are necessary for both…

27 Sep 2022 4AM 13 min

US stands firm over sanctions on 'increasingly repressive' Zimbabwe.

US stands firm over sanctions on 'increasingly repressive' Zimbabwe despite lobbying by Ramaphosa. The US will not lift sanctions on Zimbabwean entities and individuals, despite the issue being raised by President Cyril Ramaphosa during his visit with US President Joe Biden. US Ambassador to South Africa Reuben E Brigety said…

26 Sep 2022 3AM 11 min

SA gets investment grade rating from new rating agency.

South Africa generally has a good credit quality and its default risk currently remains low, according to Sovereign Africa Ratings (SAR). The agency announced its findings on the country’s creditworthiness on Friday, giving South Africa a BBB long-term and B+ short-term rating, with a stable outlook. Its views of the…

26 Sep 2022 3AM 7 min

CAREERS CORNER: Are you developing skills that won’t be automated?

The future of work looks grim for many people. A recent study from Forrester estimated that 10% of U.S. jobs would be automated this year, and another from McKinsey estimates that close to half of all U.S. jobs may be automated in the next decade. The jobs that are likely…

26 Sep 2022 3AM 19 min

Six signs of career derailment.

Getting bumped off the track on your way to the top is every high achiever's recurring nightmare. How can you be sure it doesn't happen to you? Research by Michael Lombardo, principal of Lominger Limited, uncovered six indicators of career derailment. If any of them describe you, you'll know what…

26 Sep 2022 3AM 18 min

SAA slides in global airline rankings to new low – while Ethiopian shines bright

South African Airways (SAA) continues to slide down the ranks of the world's best airlines, dropping for the fourth consecutive year to its worst place on record. Meanwhile, Ethiopian Airlines continues to soar in Africa and abroad. South Africa's flag carrier has had a tumultuous past few years. From fierce…

26 Sep 2022 3AM 7 min

The business of comics: Is there enough scope for opportunity for comic artists?

The business of Comic books: Is there enough scope for opportunity for comic artists in the South African market? It has been over 15 years since the Institute conducted its first study into South Africa’s fastest growing consumer segment. At the time, the research into the then termed ‘Black Diamonds’…

22 Sep 2022 2AM 9 min

UCT Liberty | Black Middle Class Report.

It has been over 15 years since the Institute conducted its first study into South Africa’s fastest growing consumer segment. At the time, the research into the then termed ‘Black Diamonds’ garnered widespread attention as the emergence of a Black middle class was unprecedented due to centuries of economic discrimination…

22 Sep 2022 2AM 23 min

PIVOT POINT: Zizipho Nyanga, managing Executive Grindrod Bank SME division.

Zizipho Nyanga, Managing Executive Grindrod Bank SME Division and Platform Banking. Zizipho is a qualified Chartered Accountant with over 17 years’ experience. Her expertise includes finance management, entrepreneurship development and funding. She was appointed Managing Executive of SME and Platform banking at Grindrod Bank earlier this year in March. She…

22 Sep 2022 2AM 19 min

INSIDE YOUR POCKET: Tough times ahead for consumers in the property market.

Third quarter data from FNB’s Commercial Property Broker Survey indicates that a recent trend of easing in financial pressure among property owners may be coming to an end. The survey includes a sample of commercial property brokers in the six major metros of South Africa: City of Joburg and Ekurhuleni…

22 Sep 2022 2AM 17 min

SARB hikesc interest rates by 75 basis points.

The South African Reserve Bank has hiked interest rates by 75 basis points, taking the repo rate to 6.25% per annum – returning to pre-Covid-19 levels. The decision on rates was not unanimous, with three members voting for the announced 75 basis point hike, while two members preferred a rate…

22 Sep 2022 2AM 14 min

Giant rate hike looms even as inflation slows.

Worries over unanchored inflation expectations and increased depreciation pressure on the rand will probably see the South African Reserve Bank raise its key rate for a sixth straight meeting, said Sanisha Packirisamy, an economist at Momentum Investments. Governor Lesetja Kganyago said in an interview September 8 that the central bank…

21 Sep 2022 7AM 10 min

New inflation data is bad news for food prices in South Africa.

Statistics South Africa has published its latest consumer price index, showing that annual consumer price inflation remains above the upper limit of the Reserve Bank’s target range for a fourth consecutive month. Annual consumer price inflation was 7.6% in August 2022, down from 7.8% in July 2022. The consumer price…

21 Sep 2022 7AM 12 min

INSIDE YOUR BUSINESS: Why service SMMEs should no longer be overlooked.

INSIDE YOUR BUSINESS: Why Service SMMEs Should No Longer Be Overlooked as an Engine of Economic Growth. 55% of African GDP and 41% of African employment is in services – but the service SMME sector in Africa is often over looked by investors, and under-served by technology and finance, despite…

21 Sep 2022 7AM 10 min

Exploring collaboration between big business, SMMEs & higher education.

Exploring collaboration between big business, SMMEs and higher education to close the skills gap. Youth unemployment in South Africa can no longer be described as a ticking time bomb. The bomb has gone off and it has not spared the economy, our society, and the dreams of young people. The…

21 Sep 2022 7AM 8 min

EKASINOMICS: Entrepreneur keeps olive oil dream alive despite no support.

Entrepreneur keeps olive oil dream alive despite no support to buy own farm. Ubuntu Extra Virgin Olive Oil (EVOO) is a brand that was established from a desire to connect people to the benefits of olive oil in a way that is fresh, positive and attractive, and that exudes the…

21 Sep 2022 7AM 11 min