The OFM Business Hour
The latest business news from Central SA. Presented by Olebogeng Motse.
Do you have a will?
Today marks the start of "wills week". Wills week is an initiative that encourages law firms to drafts wills for free. Nonhlanhla Mtshali, Attorney and founder of The Legal Affair, shares some considerations to bear in mind before drafting your will.
Liquor outlets losing their licenses
Patricia Pillay, CEO of the Beer Association of SA, discusses what happened with the 44 alcohol outlets in the Western Cape whose licenses have been revoked by the provincial Liquor Authority for contravention of the Covid-19 and liquor trading regulations. She also tells us more about the R150 million commitment…
Ekonomiese reddingsplan vir SA
Dawie Roodt brei meer uit oor die President se plan om die land se ekonomie te herstel, veral na Covid-19 en die skade wat die inperking aangerig het. Hy vat jou deur die hoof punte en deel ook sy eie opinie oor wat hy glo gedoen moet word om die…
Nuwe ontwikkelings in Klerksdorp
Johan Oosthuizen van die Matlosana Sakekamer gesels oor hulle kospakkieprojek en vertel hoe die projek nou ‘n lewe van sy eie begin aanneem het. Klerksdorp sukkel op die oomblik met dienslewering as gevolg van vakbonde wat tans besig is om te staak. Hy brei ook uit oor ontwikkelings wat tans…
Kubersekuriteit: Hoe om jouself te beskerm
Oktober is Kubersukuriteit-bewusmakingsmaand. Elke 39 sekondes vind ‘n kuberaanval plaas en elke suksesvolle aanval kos Suid-Afrikaanse besighede in die omgewing van R40m. kubersekuriteitsdeskundige, Advokaat Rian Schoeman, deel hoe ‘n mens bewus van hierdie aanvalle kan raak en hoe jy hulle kan voorkom of stop.
When to file for business rescue
With many businesses hard hit by the lockdown, Nonhlanhla Mtshali, Attorney and founder of The Legal Affair, discusses business rescue. She mentions some of the benefits of business rescue for businesses and what the best time is to file for business rescue.
Benefits of joining a business chamber
Rose Nkhasi, president of the Free State Goldfields Chamber of Business, joins the business hour to discuss how things have improved at the Welkom municipality. She also shares some of the benefits of being part of the Goldfields Chamber of Business. As a chamber they also have some exciting projects…
Unexpected tax relief for expatriates
South African expatriates who were unable to leave South Africa on account of the lockdown will be relieved to learn that the requirements of the foreign employment exemption will be relaxed. Jean du Toit, Head of Tax Technical at Tax Consulting South Africa, says that it is unclear what made…
Buyers market for property investors
There’s been lots of discussion in the news recently around the increase in South African’s applying for home loans and the surprising spike in the COVID-19 housing market, but what impact does this have on the national repo rate? Grant Smee, Managing Director of Only Realty, answers this question and…
Emigration: Amendment to retirement fund withdrawals
Jean du Toit, Head of Tax Technical at Tax Consulting SA, explains how the governments plan to change the process to access your retirement funds upon emigration will affect you. He discusses the proposed change and when this proposed amendment might be implemented.
Jail time for lying on your CV
The National Qualifications Framework Amendment Act makes it is illegal for employees (or anyone else) to lie about their qualifications on their CV. It is a law from 2019. Nonhlanhla Mtshali, Attorney and founder of The Legal Affair, shared why it is so important for employees or prospective employees as…
E-commerce creating new opportunities
Years ago, in South Africa, the total retail sales via ecommerce hovered around R2 billion. This year, the estimated total online retail sales is close to R14 billion – a phenomenal 700 percent increase. Jake Willis, CEO and co-Founder of Lula-way, discusses some exciting opportunities that are starting to emerge…
Credit rehabilitation and buying a home
South Africa’s debt and affordability levels continue to surge, but thanks to a prolonged buyer’s market with the lowest interest rates experienced in half a century, consumers have their sights firmly set on the residential property market. Natasha Champion, regional sales manager of Ooba Home Loans, tells us how you…
Corruption threatens the South African economy
Today we saw Cosatu and Saftu, who collectively represent close to three million workers, embark on a national strike against corruption and unemployment. Jacques van Wyk, from JGL Forensic Services, discusses the effectiveness of such an action and also the effect of corruption on the South African economy and the…
SA in depressie sowel as tegniese resessie
Suid-Afrika het 2020 met ‘n tegniese resessie begin en het tyden Covid-19 ‘n depressie binnegegaan. Om beter te verstaan wat ‘n tegniese resessie is en hoe ‘n land uit een kan kom, luister hier na wat ekonoom, Renier van Zyl van die Efficient Group alles te sê het.
Celebrate World Food Day
World Food Day promotes global awareness and action for those who suffer from hunger and for the need to ensure healthy diets for all. The Food and Agriculture Organization (FAO) designated 16 October as World Food Day in 1979. Gillian Le Cordeur, CEO of The Institute of Risk Management (IRMSA)…
Petrol prices decrease by midnight
Spokeperson of the Automobile Association, Layton Bread, shares how important the October pertrol, diesel and paraffin price decreases are for consumers who are already going through a very tough time financially. He also explains the various taxes linked to the petrol price.
Sakekamer reg vir skattejag
Die Potchefstroom Sakekamer se president, Jonathan Baron, gee vir ons terugvoer oor verskeie projekte wat hulle of al afgehandel het of tans mee besig is. As sakekamer het hulle ook baie beplan vir die res van die jaar, as jy meer wil uitvind oor hulle webinare en projekte, luister na…
Understanding intellectual property
When you look at intellectual property, there are four main types that exist, this according to attorney and founder of The Legal Affair, Nonhlanhla Mtshali. She discusses the importance of intellectual property and also how to register your ideas.
SMMEs struggling in Bloemfontein
Small business in Mangaung are still struggling even though the country has moved to level 1 of the national lockdown. Nancy de Sousa, president of the Mangaung Chamber of Commerce and Industry, feels that this moved happened to late to help businesses, who are now without the necessary cash flow…