Kaya Biz

South Africa’s rand is undervalued.

The rand held its ground against the dollar in afternoon trade on Tuesday (3 May), having given up 3.6% over last week, trading at R15.99 relative to the greenback – near its weakest levels in nearly five months. Load shedding, floods in KwaZulu-Natal, rising inflation, and a stronger dollar have…

3 May 2022 1AM 10 min

Africa Travel Indaba kicks off in KZN – Will the outcomes be practical enough to implement?

The indaba is Africa’s biggest tourism trade show where African countries showcase their destinations to global tourism buyers. It is estimated that this year’s indaba will generate R72, 5 million to the local economy.

2 May 2022 6AM 10 min

Careers Corner: Company remuneration structures and policies for working overtime and on a public holiday.

What are the normal working hours in a week? According to the Basic Conditions of Employment Act (BCEA), the maximum normal working time allowed is 45 hours weekly. This is nine hours per day (excluding a lunch break) if the employee works a five-day week, and eight hours per day…

2 May 2022 6AM 21 min

Understanding the concept of seller financing – a new way of lending.

South African commercial property owners are now offering potential property buyers almost interest-free loans to supplement their already secured bank mortgages, to ensure they secure their asking price. These vendor loans (or vendor finance), are fairly well known internationally, but are now growing in popularity in South Africa, said Gary…

2 May 2022 5AM 15 min

Inside Your Pocket: Tricks and tips to bring down your cost of living in South Africa

There are indications that interest rates will slowly increase over the next few years, while fuel price continues to climb at a steady rate, notes Ester Ochse, product head: FNB Money Management. These two increases will have an impact on the amount you will pay for two important “needs”, housing…

2 May 2022 5AM 15 min

New landmark study for tax professionals.

A new landmark study is set to call out the most significant operational, regulatory and legislative challenges experienced by tax practitioners in South Africa with a view to improving the level of support provided by industry bodies and expediting often-onerous interactions with government tax agencies. Developed by Tax Consulting SA’s…

2 May 2022 5AM 7 min

SA workers need to toughen up and adapt.

South Africa’s workforce needs to step up efforts to become more effective contributors to South Africa’s economy, a skills development and recruitment services company has urged. This Workers Day, Afrika Tikkun Services (ATS) challenges workers to take responsibility and rise to the task of bringing their best ethical and professional…

2 May 2022 5AM 12 min

Unilever to stop marketing food and beverages to under-16s

From 1 January 2023, consumer goods giant Unilever will stop marketing food and beverages to children under the age of 16 years old, across both traditional media and social media. The global move comes in response to ongoing scrutiny around the manner in which food producers advertise products high in…

28 Apr 2022 1AM 11 min

B-BBEE: Is your Strategy Transactional or Transformational?

AM2PM Consulting is a Level 1, 100 % Black Women Owned Business. Anusha Mariemuthu is the Managing Director and has over 17 years’ experience in Transformation, B-BBEE, Human Resources, Employment Equity , Compliance , Change Management , Quality Assurance, Academia, Learning and Development in both a union and non unionized…

28 Apr 2022 1AM 11 min

Inside Your Pocket- Attaining financial freedom.

Financial freedom can sound like a farfetched dream. But the truth is, it is possible for anyone to achieve. No matter what financial troubles you have today, there’s always a way to get back on track. Review your financial status. To know where you are going you need to know…

28 Apr 2022 1AM 19 min

Pivot Point: Refilwe Maluleke Chief Strategizing Officer at TBWA\SA in addition to her MD role at Yellowwood.

Refilwe is an experienced marketer with over 10 years in the FMCG sector working across multiple brands and geographies. Refilwe completed her Business Science degree with Honours in Marketing from the University of Cape Town, and began her career at Unilever in 2006 working in the Asia, Africa, Middle East…

28 Apr 2022 1AM 21 min

South Africa launches ‘bounce back’ finance scheme.

The National Treasury has announced the commencement of the Bounce Bank Support Scheme aimed at providing additional funding to qualifying businesses in order to grow the South African economy and to facilitate job creation. The scheme was first signaled in Finance Minister Enoch Godongwana’s Budget Speech in February. In a…

28 Apr 2022 1AM 13 min

‘Angry’ Amcu and NUM members reject Sibanye’s final settlement offer

Striking employees at Sibanye-Stillwater’s gold operations on Tuesday rejected the miner’s final settlement offer of R850 each year for three years, saying the “whopping” R300m CEO Neal Froneman earned in 2021 strengthened their resolve to push ahead with their demand for above-inflation wage increases. To discuss, Daniel Banepile, NUM (National…

27 Apr 2022 9AM 11 min

SA’s economy since 1994 – how far have we come and have we progressed?

The South African economy has undergone a substantial transformation since the advent of democracy. It recorded an average rate of economic growth of 3.3% per annum in real terms over the period 1994 to 2012, a remarkable improvement on the 1.4% average annual growth registered during the period 1980 to…

27 Apr 2022 9AM 19 min

How South Africa's workforce has changed since 1994

When former President and apartheid struggle stalwart Nelson Mandela took office in 1994, the country was optimistic of a democratic, inclusive, and discrimination-free society. Under apartheid, many skilled jobs and high positions were reserved mostly for White South Africans, whilst qualified Black people were legally excluded from such senior-level jobs…

27 Apr 2022 9AM 16 min

eKasinomics: Creator of Nwelle Pro hair products that assist with treating Alopecia

Prof. Ncoza Dlova , South African dermatologist. In 2019, she helped discover a new gene that is a major cause of permanent hair loss amongst women of African descent. The NwellePro Product line helps to address several of the needs of both “Afro-textured” and “Eurasian” hair. The hair product range…

27 Apr 2022 9AM 15 min

Freedom in farming – what challenges do black farmers still face?

The landscape of agricultural sector has changed rapidly over the last past two decades, posing major challenges for all participants in the sector, and in particular for emerging black farmers. Congress Mahlangu, Spokesperson for the National Emergent Red Meat Producers Organisation speaks to us about the challenges black farmers face…

27 Apr 2022 9AM 18 min

E-hailing summit kicks off on Thursday 28 April

The e-hailing community is going through turmoil. From bad drivers (in the system) who are attacking women to petrol hikes that are affecting driver revenues, it must be the worst time to be in the business. As the challenges unfold, there’s a blame game under way and the most responsible…

27 Apr 2022 9AM 8 min

Solopreneurship – the only realistic option for South Africa’s unemployed youth

With current youth unemployment of 65.5% in South Africa, it is clear most young people will not get a formal job. Realistically, only a small proportion of them could potentially develop into high-growth entrepreneurs. Michelle Matthews discusses how solopreneurship might offer opportunities for South Africa’s unemployed youth.

27 Apr 2022 9AM 14 min

Elon Musk to buy Twitter for R689 billion

Billionaire entrepreneur Elon Musk agreed to buy Twitter for $44 billion (R689 billion), using one of the biggest leveraged buyout deals in history to take private a 16-year-old social networking platform that has become a hub of public discourse and a flashpoint in the debate over online free speech. Bataung…

26 Apr 2022 9AM 10 min