Kaya Biz

Why kidnapping for ransom in SA is quickly becoming a quick cash solution for criminals

GUEST - Chad Thomas- IRS forensic investigator AND Nerosha Maseti: Lead Ombudsman - Banking Division, National Financial Ombud Scheme (NFO). According to media reports there has been a significant increase in kidnappings in South Africa, where criminal syndicates have targeted South African entrepreneurs. The banking division of the National Financial…

14 Aug 2024 12PM 17 min

Retail sales outperform in June

GUEST - Siphamandla Mkhwanazi, FNB Senior Economist Retail sales continued their upward trajectory in June, surging to 4.1% y/y, from 1.1% in May (revised from 0.8%). This significantly outpaced Reuters expectations of a 1.1% expansion. On a month-on-month basis, volumes rebounded by 1.6% from the 0.2% decline in May (revised…

14 Aug 2024 12PM 6 min

Price personalisation or price discrimination: Can your computer tell the difference?

GUEST - Reece May is a Senior Associate in the Competition Law practice at CDH From booking accommodation and transport to purchasing products online, data analytics has given businesses the ability to use automated pricing algorithms to charge personalised prices to every customer based on their data profile. Does this…

13 Aug 2024 12PM 8 min

HomeChoice reports 51% increase in new customers.

GUEST – Sean Wibberley - HomeChoice International CEO The Group made pleasing progress in the past six months, growing its customer base by 51%. This comes after a 39% customer growth in the previous financial year. HIL also increased disbursements by 17% to R2.8 billion, delivered Buy Now, Pay Later…

13 Aug 2024 12PM 18 min

SA’s unemployment rate rises to 33.5%

GUEST - Risenga Maluleke - Statistician-General South Africa’s unemployment rate has jumped massively to 33.5%. According to Stats SA’s Quarterly Labour Force Survey, the official unemployment rate increased by 0.6 percentage points from 32.9% in Q1 2024 to 33.5% in Q2 2024.

13 Aug 2024 12PM 13 min

ALLAN GRAY: Two-pot: How to achieve better retirement outcomes

GUEST – Richard Carter - Head of Assurance at Allan Gray The two-pot system has been designed to improve retirement outcomes for South Africans, while allowing some access to retirement savings in case of severe financial stress. However, there are some hidden risks that investors should be aware of to…

13 Aug 2024 12PM 11 min

Why Discovery Bank doesn't have ATMs

GUEST – Hylton Kallner, CEO of Discovery Bank Discovery Bank has made a strategic decision to focus on a digital-first banking model. This means they prioritize offering banking services primarily through their mobile app and online platform. We chat to Discovery Bank CEO, Hylton Kallner to understand the bank's digital…

13 Aug 2024 12PM 16 min

DBSA reports a net interest income increase of 18%.

GUEST – Boitumelo Mosako - DBSA CEO The DBSA continues to operate financially sustainably despite a challenging environment marked by high interest rates, subdued economic growth, worsening sovereign debt position of several African countries and challenges in the municipal and logistics sectors. The Bank’s net profit decreased by 11.5% to…

13 Aug 2024 12PM 14 min

The Business of Pawn Stores in SA – How they’ve had to innovate to survive.

GUEST – Peter Forshaw - Chief Financial Officer for Cash Converters Southern Africa. In South Africa, pawning goods as a way to secure loans can be traced back to colonial times. Pawn shops that offered loans against jewellery, watches, tools and other comparatively small personal items of value existed in…

12 Aug 2024 12PM 21 min

Career’s Corner: Theft as a ground for dismissal

GUEST - Kagiso Lebethe - Senior Employee Relations Specialist Theft is viewed by the courts as a serious disciplinary offence and normally justifies dismissal at first instance regardless of the value of the property involved. It will not avail the employee the length of service which he/she has served, the…

12 Aug 2024 12PM 18 min

Are SA’s local governments adequately diversified in their revenue streams?

GUEST - Miyelani Holeni - Group Chief Advisor at Ntiyiso Consulting Group. According to Salga, there are 66 municipalities considered by National Treasury to be “severely financially distressed” and the 157 that are considered “financially distressed” have severe affordability issues. This is the majority (86%) of municipalities as there are…

12 Aug 2024 12PM 11 min

Why are we seeing a rising number of agricultural bans against SA produce?

GUEST – Wandile Sihlobo - Chief economist at the Agricultural Business Chamber of SA With the ban on fresh produce imports from South Africa, implemented by Botswana in 2022, being extended until 2025, the EU says it is up to SA to show why the bloc, which is the country’s…

12 Aug 2024 12PM 12 min

Lokshin Auction, SA's first township-based auction house

GUEST – Tsitso Setai, Lokshin Auctions founder – IN STUDIO Lokshin Auction is the first township-based auction house presenting accredited and professional auctions in townships of South Africa. Assets placed on sale are collected from government institutions, private sellers and estate administrators. Their auctions uniquely attract buyers to a competitive…

8 Aug 2024 12PM 25 min

JSE delivers stable performance amidst challenging macro-economic conditions.

GUEST – Leila Fourie, the Group CEO at the JSE. The Johannesburg Stock Exchange (JSE) announced a stable set of results for the first half of its financial year, with a Net Profit After Tax of R493 million translating into headline earnings per share of 606 cents. The Group continues…

7 Aug 2024 11AM 15 min

Why younger drivers are choosing higher car insurance excesses

GUEST - Ernest North, co-founder of Naked Insurance Data from fully digital platform, Naked Insurance, shows that customers aged below 28 are likely to choose a higher excess on their car insurance policies than those aged 29 to 55. The reason for this seems to be that younger insurance customers…

7 Aug 2024 9AM 12 min

Why Botswana and Namibia imposed agricultural trade restrictions on SA

GUEST – Thabile Nkunjana - Agricultural economist On July 19, Dr Mokgweetsi Masisi, the president of Botswana, wrote on X: “Our ban on imported vegetables was a powerful move to boost our local farmers & economy. This initiative empowers Batswana by promoting self-sufficiency & improving livelihoods.” The quote accompanied a…

7 Aug 2024 9AM 19 min

Too much month left at the end of the money for SA consumers - report

GUEST – Andrew Fulton, Director at Eighty20. In recent reports, the financial strain on South Africans has been widely documented. Eighty20, South Africa’s leading consumer insights and data science firm, highlights the significant impact of formal debt instalments on South African consumers. The firm’s analysis specifically examines instalment-to-income ratios, providing…

7 Aug 2024 9AM 12 min

President says work experience for young people should be scrapped -

GUEST – Nkosinathi Mahlangu, Youth Employment Portfolio Head at Momentum Metropolitan President Cyril Ramaphosa says prior work experience should no longer be a barrier for young people to enter the labour market. Ramaphosa was speaking at the African National Congress' (ANC) National Executive Committee (NEC) lekgotla in Boksburg on Sunday…

7 Aug 2024 8AM 11 min

AUGUST PETROL PRICE

The Department of Petroleum and Mineral Resources has published the official fuel price adjustments that will kick in on Wednesday, 7 August 2024. 95 Unleaded petrol will cost around R22.32 at the coast and R23.11 in Gauteng, where 93 Unleaded will sink to about R22.76. Gugu speaks to the Automobile…

5 Aug 2024 12PM 6 min

DEALING WITH QUIET QUITTING IN A MODERN WORKPLACE

The traditional notion of physical presence as a measure of productivity and commitment is being challenged. Instead, there is a shift towards valuing emotional engagement and connection with work, even if it means employees are not always physically present. However, an emerging trend in the modern workplace is the concept…

5 Aug 2024 12PM 20 min