Kaya Biz

BUDGET SPEECH – SOE, SMMEs and more.

Finance minister Enoch Godongwana delivered the 2022 Medium-Term Budget Policy Statement (MTBPS) on Wednesday, 26 October. The budget touched on many points and topics that were raised in the lead-up to the speech, including the South African government taking over a portion of struggling power utility Eskom’s debt, and giving…

26 Oct 2022 5AM 8 min

BUDGET SPEECH - In conversation with Deputy Finance Minister David Masondo.

Deputy finance minister David Masondo’s concerns regarding the lack of progress in unlocking private sector involvement and investment in railways should be heeded ("Think again on time frame for private access to railways, says Masondo”, October 23). Speaking to Business Day at the Kgalema Motlanthe Foundation inclusive growth forum, Masondo…

26 Oct 2022 5AM 20 min

TECH & INNOVATION: LUNTU is a 100% SA, Black Womxn owned online marketplace.

LUNTU is a 100% South African, Black Womxn owned online marketplace where customers may shop brands and products that matter to them in an easy way. Amahle Ntshinga of Luntu, a conscious online store that sources products from suppliers who come from marginalised groups. Today, Luntu is doing business in…

25 Oct 2022 6AM 11 min

Homes sold illegally without owner's knowledge - what should you do?

75-year old Steven ngoep was evicted from his own house and sent to prison nine years ago for "trespassing" in his own home. According to a report from the Citizen, his "nightmare" began early one morning when a mysterious woman showed up at the house he had resided in for…

25 Oct 2022 6AM 14 min

ITS MY HOUSE: Home Loan Q3 Statistics: rate hikes impact Market.

Statistics for the third quarter of 2022 (Q3 ’22) released by ooba Home Loans, South Africa’s leading home loan comparison service, reveal that competition for home loans remains vigorous among home loan lenders, despite the ongoing interest rate hikes and rising costs which places further pressure on consumers.

25 Oct 2022 6AM 18 min

What to expect from the mid-term Budget this week.

Finance minister Enoch Godongwana will present the Medium Term Budget Policy Statement (MTBPS) on Wednesday (26 October). Several bodies expect it to address critical factors surrounding fiscal and economic sustainability in South Africa. The extreme global and domestic macroeconomic volatility in recent years has resulted in significant adjustments to the…

25 Oct 2022 6AM 17 min

South African retailer fails to sell Game stores, opts to close.

In 2011, U.S. retail giant Walmart (NYSE:WMT) Inc made a bet on Africa, buying a majority stake in South African retailer Massmart in what many investors saw as a step toward dominating the continent's vast untapped market. It didn't go according to plan. More than a decade later, Massmart's balance…

25 Oct 2022 6AM 10 min

Rand takes big hit as investors worry about Godongwana speech.

On Tuesday morning, the rand approached R18.50/$ - trading at levels last seen in early 2020 as the country digested the implications of the first hard Covid-19 lockdown. The currency is under pressure ahead of Wednesday's medium-term budget speech announcement, and has also taken a knock as riskier assets digested…

25 Oct 2022 6AM 11 min

Why South Africa is desperate for cyber-security skills?

The technology sector has long been battling the skills gap, both in South Africa and abroad. Skills are rare, in high demand, and difficult to retain. According to a report by ESG entitled ‘The Life and Times of Cybersecurity Professionals 2020 around 70% of respondents said that their organisations were…

24 Oct 2022 11AM 9 min

Compensation Fund: Vocational Rehabilitation Programme.

Vocational Rehabilitation Programme aims to improve the standard of living of previously employed persons who suffered occupational injuries or diseases and subsequently lost their jobs by taking part in training and development initiatives to enable them to be reintegrated into the workplace or become self-sustainable. In addition, there are additional…

24 Oct 2022 11AM 16 min

CAREERS: How marginalised professionals can cope with performative allyship.

However, for some, this has provided a masquerading opportunity, leading to a growing concern around ‘performative allyship.’ Performative allyship refers to someone from a non-marginalised group professing support and solidarity with a marginalised group, but in a way that is not helpful. Peter Kalina from the Mayo Clinic made it…

24 Oct 2022 11AM 16 min

WEALTH CREATION: Equity crowdfunding a game changer for investors and African.

Equity crowdfunding a game changer for investors and African business. Many in South Africa are familiar with the concept of crowdfunding to kickstart a concept or raise money for a needy cause. While crowdfunding is a billion-dollar global industry, equity crowdfunding is in its infancy in Africa and an exciting…

24 Oct 2022 11AM 15 min

SA faces risk of fuel shedding, warns liquified fuels body.

Peter Morgan, CEO of the LWFA, said in an interview with Business Report last week that it was time that the country addressed this matter once and for all. “Sixteen years later we still don’t have agreement between the regulator and the oil majors on how much strategic stock we…

24 Oct 2022 11AM 9 min

Rishi Sunak set to be UK’s next prime minister.

Rishi Sunak, Britain’s third prime minister in seven weeks, will face the huge challenge of projecting stability after a period of historic political and financial market chaos. But his other task — shepherding the country through a recession — is poised to be just as daunting. The pound rose against…

24 Oct 2022 11AM 12 min

Rising opportunities within Footgolf.

If you haven’t heard of FootGolf before, it is a precision sport where players kick a soccer ball into a cup in as few shots as possible. Players use a shortened golf course with large holes and keep score like you would in golf. Not only is this an interesting…

20 Oct 2022 4AM 11 min

PIVOT POINT: Thulani Sibeko - Standard Bank Chief Brand & Marketing Officer.

Thulani is a Business leader and Marketing & Communication executive. Demonstrated results in the consumer goods, telecommunications and financial services industries. Studied or worked in South Africa, Zimbabwe, USA, U.K. and Switzerland - with regional leadership experience in Africa, Middle East, Eastern Europe and India. Skilled in Leadership and People…

20 Oct 2022 4AM 25 min

INSIDE YOUR POCKET: The connection between mind and money.

The connection between mind and money: Understanding how debt can hurt your mental health. In a world where we face mounting financial pressure, it becomes increasingly difficult to stick to the confines of our budget and keep our spending in order. Rising interest and inflation combined with skyrocketing fuel costs…

20 Oct 2022 3AM 10 min

Clicks surges as it ups full-year profit by a third.

Retail-led healthcare group Clicks on Thursday reported a 33.5% rise in profits for the year ended August 2022, with group diluted headline earnings per share (Heps) increasing to 1 032.7 cents, up from 773.6 cents in the previous period – bumped up by a strong recovery in the beauty category,…

20 Oct 2022 3AM 10 min

Liz Truss Resigns, will be UK’s shortest-ruling prime minister.

British Prime Minister Liz Truss has announced she will stand down as leader of the Conservative party, just six weeks after she was appointed, after her policies triggered economic turmoil and sharply divided the party. Speaking outside her Downing Steet office on Thursday, Truss said she could not deliver the…

20 Oct 2022 3AM 9 min

Nungu Diamonds - an all-black, proudly South African jeweler.

What started as a wholesale retailer by married couple Kealeboga and Ursula Pule in 2013 has evolved into a private jewellery retailer which prides itself on providing bespoke diamond experiences. The brand which offers exclusive jewellery designs, has created masterpieces for high profile clientele and celebrities such as, Somizi Mhlongo…

20 Oct 2022 1AM 11 min