The OFM Business Hour
The latest business news from Central SA. Presented by Olebogeng Motse.
Information Regulator explains deferment of prior authorisation deadline
Last week the Information Regulator announced that the enforcement of powers pertaining to the Protection of Personal Information Act (POPIA) will still come into effect on 1 July, this is with the exception of applications for prior authoritsation. The deadline for applications has been extended to 1 February 2022. The…
‘New DTIC competition policy document does not amend Competition Act’ – Aidan Scallan
The recently unveiled competition policy for jobs and industrial development will not amend or alter the Competition Act nor does it change how the Competition Commission or Tribunal interprets the aforementioned Act. This is according to ENS Africa Executive, Aidan Scallan, who was explaining the policy document to the OFM…
Convenience and security influence buyers’ choice for precinct living
Residential property developers need to factor in convenience, security and sustainable living when erecting developments as these factors influence buyers’ choice for precinct living. This is according to property entrepreneur and the managing director of ‘Only Realty National’, Grant Smee, who was speaking to the OFM Business Hour regarding the…
Belasting voordeel op aftreebeleggings
Finansiële adviseur, Marius Ferreira, verduidelik wat presies is die belasting voordeel op anniuteite en wie kan almal van die voordeel gebruik maak. Hy verduidelik ook hoe werk die proses as jy van die belasting voordeel wil gebruik maak.
Capitalism cannot be divorced from the race and class debate – Dr Ebrahim Harvey
Author, academic and political commentator, Dr Ebrahim Harvey warns in his second book that South Africa is where we are from a socio-economic perspective due to divorcing capitalism from the race and class debate. This is the running theme in Harvey’s second albeit scathing book of the current administration titled…
McDonald’s supports sustainable living via ‘the power of the bean’
McDonald’s South Africa understands that the interest of coffee drinkers no longer centres on just consuming coffee but rather on doing so in a sustainable manner. This includes knowing where and how ones cup of coffee is sourced and brewed. It is this ideology of environmentally conscious living that informs…
‘Stokvels have gone under the radar for too long’ – Josephine Mbire
Gone are the days that stokvels have gone under the radar as informal auntie clubs. With roughly 12 million South Africans estimated to be members of a local stokvel and R 50 billion in investments being drawn to the ‘afro community concept’, there is now a greater incentive for traditional…
Skuldverhoging as gevolg van werkloosheid
Annaline van der Poel, Hoofbedryfsbeampte by Debt Rescue, verduidelik wat is 'n paar van die belangrikste redes waarom daar nou 'n toename in die jongste werkloosheidstatistieke vir die eerste kwartaal van 2021 is, en watter rol het die covid-19-pandemie hierin gespeel. Sy verduidelik ook as ons kan verwag dat die…
Die sitrusbedryf stuur die eerste versending van Suid-Afrikaanse sitrus na die Filippyne
Jan Louis Pretorius, verduidelik waarom hierdie deurbraak so belangrik is vir die SA sitrusbedryf en waarom die onderhandelinge so lank geduur het. Hy verduidelik ook wat is die ekonomiese voordele wat die SA Sitrusbedryf nou vanuit 'n uitvoerperspektief sal sien.
‘Big large accessible markets are the keys to successful SMMEs not clever ideas’ – expert
South Africa’s small businesses need to relook their target market in the wake of the Covid-19 pandemic. This is according to businessman and Custodian of Entrepreneurship at Stellenbosch University, Seraf Toefy, who was speaking to the OFM Business Hour regarding how small businesses can bounce back from this period of…
Author encourages SA youth to be transparent with parents about black tax
The 24-year-old debut author, Marcia Ramodike, urges young South Africans to have transparent conversations with their parents regarding the mental and emotional strain of black tax. Ramodike – a former law student at the University of the Free State (UFS) – puts the issue of black tax at the front…
Stakeholder collaboration is the key to land reform success
The Chief Executive Officer (CEO) of the Vumelana Advisory Fund, Peter Setou, says the challenges holding land reform back in South Africa are well documented, however collaboration between all stakeholders is what is needed to make it a success. Setou was speaking to the OFM Business Hour on the back…
‘Fraudsters target industries they can get the most reward from’ – TransUnion Africa
Fraudsters are targeting industries, like financial services, that they can get the most reward from. This is according to head of emerging solutions at TransUnion, Davina Myburgh, who was speaking to the OFM Business Hour regarding their latest 2021 quarter 1 research which reveals that fraud attempts in the financial…
Experts weigh in on Clover’s closure of Lichtenburg factory
Earlier in the week, Clover announced that it is moving its factory from Lichtenburg to Queensburgh near Durban in KwaZulu Natal citing service delivery challenges on the part of the Ditsobotla Local Municipality as their reason. Clover has declined to be interviewed on the matter and said their brief statement…
‘Finding top talent cannot be left to HR alone’ – read of the week
Finding top talent for one’s business cannot be left to Human Resources (HR) alone. This is according to business woman and enthusiastic speaker, Juanita Vorster, who is one half of the duo behind our read of the week titled Staying in the Helicopter® - the Key to Sustained Profitable Growth…
Aftreebeplanning - Fondskeuses en tyd
Marius Ferreira, finansiële adviseur, verduidelik die rol van fondskeuses en tyd wanneer dit by aftreebeplanning kom. Hy verduidelik ook hoe jy jou aftrede kan begin beplan as jy effens ouer is en nie in jou jonger dae gespaar het nie.
Concourt judgment puts SA loyalty programmes under scrutiny
Health and beauty retailer, Click’s loss against the South African Revenue Service (Sars) last month in the Constitutional Court has put beloved loyalty programmes in the country under scrutiny. The OFM Business Hour spoke to Jean du Toit, the head of Tax Technical at TaxConsulting SA to reflect back on…
SA werkloosheidskoers is 32,6%
Jaco Spies, n arbeidskonsultant, verduidelik wat "sleutel arbeidsmarkte" is en neem ons deur die nuutste statistieke oor werkloosheid. Hy verduidelik ook hoe die derde golf van covid-19 die huidige situasie rakende werkloosheid sal beïnvloed en gee raad vir die wat tans werk soek.
Petrolpryse daal met 10 sent
Layton Beard, woordvoerder van die Automobile Association, verduidelik wat is van die belangrikste redes waarom ons nou n tweede daling sien in die petrolpryse. Hy verduidelik ook hoe die derde golf van die covid-19 pandemie die brandstofprys sal beinvloed.
Alcohol industry battling against illicit trading - BASA
The South African alcohol industry's efforts to recover from the Covid-19 pandemic and bans imposed by the government are being dented by illicit trading. The Chief Executive Officer (CEO) of the Beer Association of South Africa (BASA), Patricia Pillay, tells the Business Hour the illicit alcohol market has grown exponentially…