Kaya Biz

The SA Reserve Bank cut interest rates by 100 basis points as it dramatically revised the inflation and growth forecast

The SA Reserve Bank cut interest rates by 100 basis points as it dramatically revised the inflation and growth forecast, saying GDP for the whole of 2020 would contract 0.2%. The Bank decided to ease policy even after a recent sell-off in markets that pushed the rand to new lows…

19 Mar 2020 9AM 5 min

Sasfin posted a 5.67% increase in earnings per share for the half-year ended 31 December 2019.

Michael Sassoon, Sasfin Ceo, Sasfin posted a 5.67% increase in earnings per share for the half-year ended 31 December 2019. Headlines earnings for the six month is down 2.27% due to adjustments in the prior year which have not recurred in the current year. Sasfin Group CEO Michael Sassoon said…

19 Mar 2020 9AM 7 min

The Crux Of Redefining How The Funding Landscape Looks For Black Owned Businesses Through Purchase Order Funding

Luyanda Jafta, Ceo And Co-Founder Of The People’S Fund The People’s Fund started out as a crowdfunding platform that facilitated the growth of Native Nosi, WalkFresh SA, Skinny Sbu Socks and Just Laundry, to name a few but ultimately the hunger to do more, drove Luyanda to switch the focus…

18 Mar 2020 9AM 13 min

The decline in luxury goods has steadily increased as the outbreak of the corona virus continues.

Michael Zahariev, Co-Owner Of Luxity It’s sad days for the world's richest people. One of the people for who this has been a devastating week was the richest person in the world, Jeff Bezos. The mega-billionaire lost $8 billion from his personal fortune recently. The reason for this dramatic loss…

18 Mar 2020 9AM 6 min

Sasol is preparing for South Africa’s biggest rights issue Fleetwood Grobler, Sasol President And Ceo

Sasol is preparing for South Africa’s biggest rights issue in two decades as it raises cash to meet debt obligations after a share-price collapse sparked by cost overruns at its US chemicals project and the plunge in oil prices. The company expects to raise R99 billion ($6 billion) by the…

17 Mar 2020 9AM 11 min

Alfajiri - The New Hub For Creatives And Entrepreneurs In Maboneng Beth Malatji, Alfajiri’s Co-Founder

The "new brain hub of Maboneng hub" - Alfajiri. Alfajiri hub’s mission is to “create a productive Africa” through training, re-skilling and building business networks and support communities in all industries especially the technology space. Our hub is a place for the driven to learn, re-skill themselves, exchange ideas and…

17 Mar 2020 9AM 7 min

Underneath Coronavirus panic lies opportunity for African oil producers.

Nj Ayuk, Executive Chairman Of The African Energy Chamber, Ceo Of Pan-African Corporate Law Conglomerate Centurion Law Group. Despite the fact that the virus hasn’t yet affected African nations in any way as seriously as other regions of the world, a fact the World Health Organisation is still unable to…

16 Mar 2020 9AM 15 min

How Airlines Are Responding To Corona Spread: Kirby Gordon, Chief Marketing Officer at FlySafair

Gugu Mfuphi talks about - Coronavirus impact on your airlines operation - Safety measures( ensuring a safe travel) - Is the cancellation reason “Coronavirus” considered an exceptional circumstance?

16 Mar 2020 8AM 8 min

Pivot Point: Preteesh Sewraj, Ceo Of The Loeries Awards

Leading business innovator Preetesh Sewraj takes over the reins of the Loeries, Africa and the Middle East’s largest brand communication awards. The Loeries Board has appointed Preetesh Sewraj as its new CEO from 1 April, after Andrew Human, who served as CEO for 15 years, stepped down in 2019. An…

12 Mar 2020 9AM 15 min

Sa's E-Commerce Industry - What Next? Paul Cook, Pricecheck’s Ceo

Despite the current state of our economy, South African consumers continue to enjoy online shopping and, with more traditional brick and mortar stores taking their brands online, there is more choice than ever before. We only need to look at how successful Black Friday has become to see that consumers…

12 Mar 2020 9AM 6 min

Exxaro Financial Results Mzila Mthenjane, Executive Head Of Stakeholder Affairs At Exxaro

Exxaro reported a 13% increase in headline earnings to R7.6 billion, mainly driven by its income from equity investments. The group which has operations in coal, ferrous and energy markets on Thursday released its annual results for the year ended 31 December 2019. Group revenue increased by 1% to almost…

12 Mar 2020 9AM 5 min

Vodacom has agreed to cut headline data prices, Shameel Joosub, Vodacom Ceo

Vodacom has agreed to cut headline data prices and will expand its zero-rating of certain websites in an agreement with the Competition Commission. The settlement is a moderation by the commission of its previous hard-line approach contained in its final report into the data services market, released in early December…

11 Mar 2020 5AM 4 min

Effects of Coronavirus on supply side of the world economy

Herman van Papendorp, Head of Investment Research & Asset Allocation at Momentum Investments, The latest strand of the Coronavirus, officially named Coronavirus Disease 2019 (COVID-19), has taken the world by storm causing panic and paranoia. While we do know that it will have a negative cyclical effect on global growth,…

10 Mar 2020 9AM 6 min

Jacques Celliers, Fnb Ceo

Lender FNB says it has lost consumer clients over the six months ending December 2019 – largely due to upselling them to more premium products and pressure from competitors. FNB represents the FirstRand’s activities in the retail and commercial segments in South Africa. The bank reported 4% growth in pre-tax…

10 Mar 2020 9AM 9 min

Personal Finance: Top Trends That Will Shape The Insurance Sector In The Next Decade

Carl Moodley - Chief Underwriting & Claims Officer; Genric Insurance, Across the globe, trends in technology, economics and socioeconomics are culminating to disrupt the way entire industries operate and deliver products and services to consumers. When it comes to the impact of technology, there is no industry riper for disruption…

9 Mar 2020 9AM 14 min

African Economies Marc D’oliveira, General Manager Of Operations For South East Central Africa

BIC is a world leader in stationery, lighters and shavers. For 75 years, BIC has honoured the tradition of providing high-quality, affordable products to consumers everywhere. Through this unwavering dedication, BIC has become one of the most recognized brands and is a trademark registered worldwide for identifying BIC products which…

9 Mar 2020 9AM 7 min

Provincial budget 2020

We speak to Gauteng Finance MEC Nomantu Nkomo-Ralehoko is about the provincial budget.

5 Mar 2020 8AM 8 min

Pivot Point Patricia Nzolantima

Pivot Point guest Patricia Nzolantima, managing partner of the marketing agency EXP-Comunicart and a YPO member.

5 Mar 2020 8AM 8 min

Nedbank Release Their Numbers for 2020

Nedbank made good strategic and operational progress and delivered solid underlying growth in advances (+7%), deposits (+9,5%) and assets under management (+11%) for the year ending 31 December 2019 in a difficult macroeconomic environment. Headline earnings, which declined 7,3% to R12,5 billion, were impacted by the effect of the challenging…

3 Mar 2020 8AM 14 min

Technical Recession 2020

South Africa has officially entered recessionary territory as gross domestic product (GDP) numbers for quarter four of 2019 show that the economy shrank 1.4%.  The fall means the country now finds itself in a technical recession which can be described as two consecutive quarters of negative growth after the economy…

3 Mar 2020 8AM 14 min