Kaya Biz

Why South Africa will struggle to wean itself off coal

The National Union of Mineworkers (NUM) is in support of the Mineral Resources and Energy Minister Gwede Mantashe on his call for Africa to unite against 'coercion' by the global anti-fossil fuel agenda. South Africa secured around R131 billion in a bid to transition from coal and Eskom’s grid towards…

8 Nov 2022 1PM 13 min

Favourable agricultural season in 2022/23 on cards, says Agbiz

South Africa, and the broader Southern Africa region continue to show signs that point to yet another favourable agricultural season in 2022/23, according to Agricultural Business Chamber chief economist, Wandile Sihlobo. He said that in their Seasonal Climate Watch report last week, the South African Weather Service (SAWS) highlighted that…

8 Nov 2022 1PM 11 min

COP27: Focus points that African countries especially SA

Climate campaigners have pitched themselves against African governments that believe they should be allowed to use gas - which emits less climate-heating carbon dioxide than coal and oil when burned - to develop their economies and provide power to 600 million Africans who still lack access to electricity. Activists raised…

8 Nov 2022 1PM 11 min

Want to work a 4-day week? You now have two extra months to convince your boss

The nonprofit 4 Day Week SA and its coalition of partner organisations have extended the deadline for companies to sign up to be part of a "pioneer pilot" study in South Africa, where employees will be paid 100% of their salaries to work 80% of the hours they did before…

7 Nov 2022 1PM 12 min

65% of children entering school will work in jobs that don’t yet exist

Tuesday, 18 October 2022: South Africa needs to prepare for the future world of work by developing future skills that will facilitate economic growth to enable businesses to compete in local and international markets. An advanced workforce will also make South Africa an attractive investment destination and allow us to…

7 Nov 2022 1PM 16 min

CAREER’S CORNER: Why You’re Being Undermined at Work

Do you feel like you’re constantly being undermined at work? If so, don’t worry – you’re not alone. Many people feel like they’re undervalued and undermined by their colleagues, and it can be a really frustrating experience. In this blog post, we’ll talk about why people undermine others at work,…

7 Nov 2022 1PM 21 min

WEALTH CREATION: South Africans have too little life and disability insurance

The most recent study on life and disability cover by the Association for Savings and Investment South Africa (Asisa) indicates that the untimely death of a breadwinner, or an accident that leaves them disabled, will be a true disaster for most families in SA. The typical wage earner simply does…

7 Nov 2022 1PM 12 min

Minister Godongwana changes BEE rules for SOEs

Government institutions such as Eskom, Transnet and Denel no longer have to disqualify suppliers just because they do not meet BEE requirements. After years of sustained pressure, government relented and promulgated regulations stating that state-owned enterprises (SOEs) no longer have to comply with BEE requirements when awarding government contracts. Finance…

7 Nov 2022 1PM 9 min

Delta Posts Solid Operational Performance

07 November 2022, Johannesburg. Delta Property Fund, a specialist black-managed and substantially black-owned REIT with a significant sovereign underpin today published its half-year results for the six months ended 30 August 2022. “Notwithstanding significant economic headwinds in the macro-economy and especially the office sector, our portfolio performance remains robust as…

7 Nov 2022 1PM 12 min

Blackout Black Friday: Retailers to rack up R17.3bn

South African retailers are expected to generate around R17.3bn in additional sales over the Black Friday promotional period, representing around 6.7% growth over the Black Friday period in 2021. The number is forecast to be R5.4bn lower than it would have been if South Africa was not experiencing so many…

3 Nov 2022 2PM 7 min

SA's first black female Chartered Accountant Nonkululeko Gobodo on her new book

Nonkululeko Gobodo was first thrust into the spotlight as South Africa’s first black female Chartered Accountant (CA) in 1987. In her much-anticipated life story, Awakened… to my true self, Gobodo shares her experiences and the inconceivable trials and tribulations she traversed and conquered to become a CA and how she…

3 Nov 2022 2PM 29 min

INSIDE YOUR POCKET: Struggling To Cover Your Monthly Bond Repayments

Interest rates may have been muted for the majority of 2021, but 2022 has given rise to some of the biggest hikes of recent years. “The current interest rate of 9.75% is expected to increase by a further 25 basis points before the end of 2022,” comments Grant Smee, Managing…

3 Nov 2022 2PM 10 min

PIVOT POINT: Monalisa Zwambila, the owner of Riverbed

Monalisa Zwambila owns and manages what is probably South Africa’s largest independent, black-woman-owned advertising agency. Over the last decade, R\VERBED (Riverbed) has emerged as a medium-sized agency with revenue well above R50m and 40 employees, placing the agency in league with similar-sized agencies, such as Grey Africa, Saatchi & Saatchi…

3 Nov 2022 2PM 25 min

UK trade and investment with South Africa is growing

The UK Department of International Trade (DIT) on Wednesday released its latest “Factsheet” (actually a 17-page document) on bilateral UK-South Africa trade and investment. The Factsheet covered the four quarters ending at the conclusion of the second quarter of this year (Q2 2022) – or, on other words, Q3 2021,…

3 Nov 2022 2PM 8 min

The GEPF continues positive growth

The Government Employees Pension Fund (GEPF) is pleased to announce its financial results for the year ended 31 March 2022. Key Performance Indicators: · o o Market value of R2.3 trillion increasing by R 201 billion from the previous financial year o Investment market value increased by 9.6% o Return…

3 Nov 2022 2PM 11 min

EKASINOMICS: SA's first ever mopane worm chocolatE

She went ahead and did the thing financial advisers always tell us not to do. But what else could she do? the businesswoman jokes. She had a vision – to bring exquisitely packaged masonja products to the world, while uplifting her community at the same time – but she didn’t…

2 Nov 2022 2PM 11 min

INSIDE YOUR BUSINESS: Takealot CEO on the state of e-commerce in SA

South Africa’s eCommerce sector is rapidly growing now more than it has ever before. In 2020, South Africa eCommerce grew by 66% compared to the year before. This increase was primarily influenced by the restrictions placed on traditional retail stores that led to the reduction of in-store shopping by 30%…

2 Nov 2022 2PM 18 min

LEGALLY SPEAKING: Can you contest a retrenchment, demotion or pay cut?

With companies taking austerity measures to stay afloat amid and in the aftermath of the COVID-19 lockdown, find out what your rights are when it comes to your employment prospects with these expert insights. CAN I CONTEST A RETRENCHMENT? Before unpacking this question, it’s important to understand the standard process…

2 Nov 2022 2PM 21 min

Dis-Chem earnings jump as it shakes off Covid.

Pharmacy and healthcare retail group Dis-Chem says it is trading at pre-Covid levels in South Africa, with expansions and acquisitions boosting its reach and driving profitability. In its interim results for the six-month period ending 31 August 2022, Dis-Chem reported group revenue growth of 9.3% to R16.3 billion over the…

2 Nov 2022 2PM 11 min

Pick n Pay to start accepting cryptocurrency payments

One of South Africa’s largest grocery retailers Pick n Pay is expanding a pilot of adding cryptocurrency as a payment option to more stores after the successful completion of the first phase, it said on Tuesday. The announcement came weeks after the Financial Sector Conduct Authority formally declared crypto assets…

2 Nov 2022 2PM 10 min