Kaya Biz

Unclaimed Benefits Totaled R44.9 Billion

Treasury and the Financial Sector Conduct Authority are considering forcing pension funds to transfer all of their unclaimed benefits into a central fund. At the end of 2019, unclaimed benefits totaled R44.9 billion, figures presented by the regulator show. The FSCA's divisional executive of retirement funds, Olano Makhubela, estimates that…

26 Aug 2021 12PM 17 min

Ekasinomics

Lufuno Rasoesoe is the founder of TOSH Detergents which provides a wide range of quality household detergents. Its 100% black female owned. This product is available At Spar in Centurion.

25 Aug 2021 1PM 12 min

Employees Affected By The Civil Unrest: Entitled To An Income Replacement

Following the civil unrest in Gauteng and KwaZulu-Natal in July, many businesses were forced to close or reduce their levels of operation. This had a negative impact on employees who didn't receive an income during that time, as they were unable to work.

25 Aug 2021 1PM 11 min

Legally Speaking: Understanding The Law On Sexual Harassment In The Workplace

Sexual harassment at the workplace has become commonplace in South Africa, as is the case elsewhere in the world. International study that investigated the prevalence of sexual harassment at workplaces points that although it affects both men and women, most reported incidents portray women as more prone than men.

25 Aug 2021 1PM 20 min

Inside Your Business

When the Covid-19 hard lockdown at the end of March 2020 abruptly closed small-business owner Letlhogonolo Motseeng’s Soweto chicken restaurant after less than a year of operation, he gave away all his stock to stop it from spoiling, and gave up his flat, sold much of his furniture and slept…

25 Aug 2021 12PM 11 min

Revised GDP Data For SA: Stats SA

Statistics South Africa (Stats SA) has published updated estimates of gross domestic product (GDP) in South Africa, following a comprehensive rebasing of the data. The stats body said this is in line with international best practices to periodically review and update the estimates of the size, structure and performance of…

25 Aug 2021 12PM 8 min

Biotech Industry In SA

The 2021 Convention happens in a world that is badly scarred by the Covid pandemic. As if that was not enough, as Vaccines start to make a breakthrough in terms of giving hope to humanity, the global North-South divide of the have and have nots rears its ugly head again.

24 Aug 2021 1PM 9 min

Life Insurers Report Significant Increases In Funeral Insurance Fraud For 2020

South African life insurers reported a 12% increase in fraudulent and dishonest claims across all lines of risk business in 2020 when compared to 2019. The 2020 fraudulent and dishonest claims statistics, released this week by the Association for Savings and Investment South Africa (ASISA), show that last year 3…

24 Aug 2021 1PM 5 min

Greyhound Bus And Citiliner Brands Under Auction

The Greyhound Bus and Citiliner Brands will go under the hammer of Van’s Auctioneers, with the buses, trailers, local route permits and brand assets up for auction in one of the largest online auctions of its kind in the passenger transport sector. The public sale of brand assets is a…

24 Aug 2021 1PM 8 min

It’s My House: Buy An Unrenovated House Or Not?

Tackling a property in need of renovation will require patience, time and of course, money. But whether it's a financial investment or to create your perfect home, it can all be worth it. However, with any project requiring budget management and large time scales, you will have to weigh up…

24 Aug 2021 1PM 25 min

Unemployment Rate Hits 34.4%

With the latest breaking news today from Stats SA that our unemployment rate hits 34.4% for the second quarter of 2021, the question is what needs to be done as a matter of urgency to accelerate job creation in our country. SA’s alarming unemployment rate is a long time coming…

24 Aug 2021 12PM 17 min

Careers Corner: How To Deal With A Dishonest Co-Worker

Have you ever dealt with a colleague and deep inside you knew they are not telling the truth? They did not send the report and now it is affecting your reputation. How do you deal with lying that affects you?

23 Aug 2021 1PM 6 min

Moms Battle Bias When Resuming Careers

Businesses looking to resolve gender imbalance in the workplace could be losing up to 60% of their female talent due to hiring managers negative perceptions of the commitment and competence of women who take a career break to be stay-at-home mothers in their children’s formative years.

23 Aug 2021 1PM 19 min

Careers Corner: How To Build Effective Collaborations In Growing Your Sidehustle

Collaboration is a key factor in building a small business because it works. People thrive in environments which free them to communicate and work together. When the company environment is focused on collaboration, team members naturally feel a part of something bigger than themselves.

23 Aug 2021 1PM 18 min

Wealth Creation

The Financial Sector Conduct Authority (FSCA) has suspended the exchange licence of stock exchange, ZAR X, over liquidity and capital adequacy concerns. The suspension has been in effect since Friday (20 August), and the exchange has three months to get its affairs in order or face having its licence cancelled.

23 Aug 2021 12PM 13 min

New Social Security Proposals Unrealistic

While Minister of Social Development Lindiwe Zulu’s proposals to overhaul the country’s social security system shows willingness from government to address the fact that millions of South Africans find themselves in dire straits at retirement or after a life-changing event, it is poor timing, says Debt Rescue CEO Neil Roets.

23 Aug 2021 12PM 7 min

Makro And Game Owner Massmart Has Announced The Sale Of Several Non-Core Businesses To The Shoprite Group

The sale will see Shoprite take ownership of Cambridge Food, Rhino, Massfresh and 12 Cash & Carry stores. The sale is still subject to regulatory approval, which Massmart hopes will be concluded in the first quarter of 2022. Massmart said that it will use the sale proceeds to pay down…

23 Aug 2021 12PM 6 min

Inside Your Pocket: Wine Sales

At the end of June Cyril Ramaphosa introduced another ban on alcohol sales for 14 days . The restriction was due to end on 12 July, but was extended for two more weeks as coronavirus cases continued to rise. As of 25 July retailers are now allowed to sell alcohol…

19 Aug 2021 1PM 9 min

Bizz Lifestyle

Studies have concluded that men tend to have higher self‐confidence than women and that this affects their entrepreneurial intentions. However, little is known about how self‐confidence affects entrepreneurs in their start‐up decision, career and even less is understood about how it affects entrepreneurs' decisions and actions in their ongoing business.

19 Aug 2021 1PM 19 min

Inside Your Pocket: Tips To Help You Get The Most Suitable Credit For Your Needs

Access to credit is very important as it allows consumers to buy goods that they cannot necessarily buy with one month’s salary. Having access to credit also allows consumers to start small businesses. This not only benefits individual consumers, access to credit also helps the economy of a country to…

19 Aug 2021 1PM 17 min