Kaya Biz

KAYA 959  |  Podcast , ±11 min episodes every 14 hours  |  Broadcast schedule  | 
At the helm of Gauteng’s biggest business radio show, Kaya Biz, is Gugulethu who will be leading the conversation on what is next for the Afropolitan business landscape. The show presents local and international business news, entrepreneurship, corporate and investment banking. Since its inception in May 2006 Kaya Biz has grown from a half-an-hour daily finance update to an hour show bringing compelling business news and market reviews to listeners.

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02
FEB
1pm

SA Tourism Board Conditionally Approves Tottenham Hotspur Deal

Mzilikazi Themba Khumalo - South African Touism acting CEO talks about Questions have been asked about the decision to channel almost R1 billion into a single project involving the football giant.

South African Touism (SAT) says there has been a malicious leak of internal documents regarding the Tottenham Hotspur deal. 

The Daily Maverick reported on an almost R1 billion sponsorship of the football giant being considered by the tourism entity. 

Questions have been asked about the decision to channel the money into a single project

SAT said the sponsorship would yield R88 billion in international spend into the local economy. 

SAT acting CEO Mzilikazi Themba Khumalo briefed the media on the sponsorship deal on Thursday. 

He said there was no signed contract yet, but that the SAT board had conditionally approved the deal. 

“The money that is invested in tourism is not the same money for energy or potholes, there are other departments for that.  

“Our legislative mandate is about persuading international travelers to spend their money in the country,” Khumalo explained."

Khumalo said before the advent of the COVID-19 pandemic, tourism was contributing 6.4% to the country’s gross domestic product (GDP). This has since dropped to 3.2%. 

He said SAT was not asking for “new money” to go into the deal, but rather that SAT would be aggregating the money that would go into their smaller projects to the deal
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02
FEB
1pm

Township And Community Malls Continue To Outperform

Itumeleng Mothibeli – Vukile MD SA talks about South African and Spanish retail property portfolios delivered strong sales performances in November and December 2022, with excellent Black Friday and festive season trading growth, despite worsening load shedding and water security challenges in South Africa.



Vukile is a specialist retail REIT that holds a defensive portfolio of property assets of which 44% are in South Africa and 56% in Spain. The Spanish assets are held through Vukile’s 89,6% holding in Madrid-listed Castellana Properties Socimi.
kaya 959
02
FEB
1pm

INSIDE YOUR POCKET: How To Get Your Debt Written Off In South Africa

Avitha Nofal, Credit Ombudsman’s Senior Legal Advisor talks about Ever wonder how to get your debt written off in South Africa and how many years it would take for debt to be written off? Prescribed debt is old debt that has not been acknowledged, verbally or in writing, or paid for more than three years. Prescribed debtis old debt that has been written off by credit providers.

What does it mean when debt is written off?

While there are ways for creditors to still claim this debt, the amendments to the National Credit Act in March 2015 make it almost impossible for debt collectors to get back this expired debt.  
Before it was up to the consumer to know this as a defense when dealing with collectors, and many collectors would be hoping to trick the consumer into paying the expired debt, but now there is a greater move to inform consumers of their rights.

However, if any payments or promises of payments have been made in that time, then the debt is still valid and the consumer is liable for it. Often collectors will try and find a way to trick you into acknowledging the debt during communications, and if you play into their hand and admit to knowing about it then they can hold you responsible.
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02
FEB
1pm

PIVOT POINT: Open Distance Learning

PROF Moeketsi Letseka - Professor of Philosophy of Education AND the Unesco Chair on Open Distance Learning at the University of South Africa (UNISA) Moeketsi Letseka is the holder of the UNESCO Chair on ODL at Unisa. He is a professor of philosophy of education and Editor-in-Chief of Africa Education Review, a scholarly journal that is jointly published by Unisa Press and Taylor & Francis in the United Kingdom (UK). Africa Education Review indexed by the Department of Higher Education and Training (DHET), International Bibliography of the Social Sciences (IBSS), and SCOPUS.

Prof Letseka is Chairperson of the Finance Standing Committee of the World Council of Comparative Education Societies (WCCES), and a member of the council of Da Vinci of Technology Management, Modderfontein, Lethabong, Johannesburg.

 During 2003 and 2005, Prof Letseka served as a senior researcher in the Human Sciences Research Council’s (HSRC) Carnegie-funded study, “Higher education industry partnerships”, under the leadership of Dr Glenda Kruss. The study’s operating budget was R3.8 million. The study investigated the depth and breadth of collaborative partnerships between industry and public higher education institutions in nanotechnology, information and communication technologies (ICTs), and materials development. In 2005, Prof Letseka served as Guest Editor, with Dr Kruss, Research Director: HSRC, of the London-based scholarly journal Industry & Higher Education, volume 19, number 2, which reported on the Carnegie Foundation funded HSRC’s national.

During 2005 and 2008, Prof Letseka received $90 000 (R1.2 million) from Ford Foundation in support of the HSRC’s Student Pathways Study, in which he served as Principal Investigator and Project Leader.The study, which sought to answer the question, “Why university students drop out without obtaining a qualification?”, was conducted at seven public higher education institutions in South Africa, namely Stellenbosch University, the University of the Western Cape, the University of Fort Hare, the University of the Witwatersrand, former University of the North (now University of Limpopo), former Peninsula Technikon, and former Pretoria Technikon. 
kaya 959
02
FEB
1pm

Factors Affecting The Growth Of Locally Owned Spaza Shops In Townships

Rose Nkosi - President of SA Spaza and Tuckshop Association (Sasta) talks about The traditional retailer, known in South Africa as a spaza shop, is the cornerstone of socio-economic systems across Africa. Surpassing more advanced formats such as supermarkets and convenience stores, consumers buy more than 70% of their products from more than 3 million small independent shops across the continent. Despite this, the sector faces many challenges that need to be addressed in order for them to remain successful.

“Traditional retailers will continue to be the backbone of Africa’s economic environment and non-traditional participants in the ecosystem will find possibilities to grow alongside them and deliver greater financial inclusion throughout the continent,” says Nomava Zanazo, Consultant at Boston Consulting Group (BCG), Johannesburg. 

The research found that transformation in the sector is driven by who the shop proprietors are, the willingness of small retailers to modernise their businesses in response to changes in the landscape as well as a growing digital ecosystem in Africa. The modernisation of the sector as well as the available opportunities will manifest differently in each area depending on the available infrastructure, however, traditional shops will continue to exist for the foreseeable future.
kaya 959
02
FEB
1pm

Awards To Honour Tour Operators For Putting Soweto On Global Stage

Thato Mothopeng – Chairman of Soweto Tourism talks about With a theme of reverting to the roots, Soweto Tourism will host an awards ceremony on 3 February 2023 at Soweto Theatre to honour Soweto-based tourism businesses for putting the famous South African township in the spotlight and for tirelessly promoting it as a preferred tourist destination.

Soweto Tourism Awards organiser Ayanda Kela says that “this event is established to pay tribute to the enormous contribution made by the Soweto tourism operators and service providers to the tourism industry and the improvement to the economy of Soweto and the country as well as to encourage excellence within the industry”.

Kela adds that this event will not only honour excellence of businesses in Soweto but also support improved planning development and internal analysis of tourism businesses while encouraging the continual raising of standards among Soweto tourism through accreditation and certification.

“The goal is to honour and award Soweto-based tourism businesses and business owners who dedicate themselves to making Soweto the top township tourist destination in South Africa.

“The nominees were nominated by members of the public and businesses based on 20 categories ranging from accommodation, arts and craft, camping, restaurants and others.

“Credo Mutwa Village and Hector Pieterson Memorial are among the nominees of best known attraction destinations in Soweto nominated for the awards,” Kela adds.

She expresses optimism and enthusiasm about the event as this has been long overdue since the Covid-19 pandemic. “It is about time we recognise businesses that have survived the hardships of the pandemic and are still thriving. Their commitment and services will be recognised and celebrated publicly,” she says.
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01
FEB
1pm

EKASINOMICS: Township e-commerce startup Yebo Fresh secures R78m For Expension

Lerato Ramollo, Commercial Director at Yebo Fresh talks about South African township-focused food and grocery delivery service Yebo Fresh has secured R78m with a pre-series A equity investment and a Jobs Fund grant. The funding will allow the company - which started in Hout Bay's Imizamo Yethu three years ago and now delivers to more than 25 townships in the greater Cape Town and Johannesburg areas - to expand its service further.
kaya 959
01
FEB
1pm

LEGALLY SPEAKING: 38% Of Sa Parents Behind On School Fees

Waldo Marcus, head of marketing at TPN Credit Bureau talks about The share of parents who are behind on school fees increased over the past year, according to a new survey conducted by the credit bureau TPN among private and public schools where fees are paid.

Families had to weather an extraordinary financial storm last year, as food and fuel prices rocketed - along with interest rates.

At the end of 2022, only 62.57% of school fee accounts were in good standing compared to 63.75% at the end of 2021, the survey showed. This is still far below pre-pandemic levels of around 68% in 2018 and 2019.  

During the third quarter of 2020 – at the height of the Covid-19 lockdown – only 50% of parents had paid their children's school fees in full. By the end of that year, just 56% of parents were in good standing.
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01
FEB
1pm

INSIDE YOUR BUSINESS: Top 5 Industries Where You Can Consider Buying A Franchise

Freddy Makgato, CEO of Franchise Association of South Africa (FASA) talks about Fast food franchises are among the most popular businesses to buy in South Africa. Many South Africans have affinities to brands like Steers, Nando's, McDonald's, and KFC – and these have proven models that systematise operations and generate profits. 

But they come at a steep cost to franchisees – often requiring millions in setup costs and ongoing management fees of around 12% of monthly turnover. And that's if they're even available in the first place.

There are, however, several fast-food franchises that operate nimbly. They deal in limited menus specialising in a single food type sold at low prices and away from expensive retail space. 

Items that don't require complex cooking procedures, like sausages, pies, chips, and crumbed fish, are ideally suited to these operations, with some allowing the majority of preparation to take place off-site.

The franchises are also cheap because they operate out of food trucks, gazebos, kiosks, or small retail stores rather than taking over pricey floor space in malls.

As a result, many offer attractive deals to franchisees with flat or low monthly management and marketing fees.

Given the average price point and limited range of menu items, the profits from these stores may be lower than more prominent quick service restaurants – the average order cost will be far lower for a hot dog than a premium burger with chips. 

But a well-positioned store, outside a busy hardware store or in a high-traffic walkway, for example, may sell a lot of units and generate reasonable profits, especially given the lower initial and ongoing fees.
kaya 959
01
FEB
1pm

February Petrol Price Hike

Eleanor Mavimbela – AA SPokesperson talks about In the middle of January, South Africans had something to cheer about, despite dealing with load shedding and an interest rate hike, as mid-month data pointed to a decrease in fuel prices.

Things changed quickly towards the end of the month as the Department of Mineral Resources and Energy sent shockwaves across the country.

The increase, which kicked in today, February 1, is a complete reversal of conditions at the start of the year and even the middle of the month, when a petrol and diesel price cut was still on the cards.

Motorists will now have to fork out an additional 28 cents per litre for both 95 and 93 octane petrol, while diesel will be hiked by between less than a cent and around 9c a litre.

The latest price hikes will push the price of petrol in Gauteng to R21.68 a litre, from R20.14 a year ago.

The main driver behind the higher local prices is the rising cost of international petroleum product prices, pushed higher by a stronger global oil price.

The latest fuel price increase, which comes in the wake of a series of steep rate hikes announced by Reserve Bank Governor Lesetja Kganyago and the unsettling news of a massive 18.65% increase in electricity tariffs that will kick in in April, extinguishes the last flame of hope of a better year for South Africans.

According to the AA, the increase will put an even bigger burden on consumers who are already under strain owing to the rising cost of living in South Africa.
kaya 959
31
JAN
1pm

ITS MY HOUSE: Is Estate Living Worth It? Or Are We Just Paying For Status?

Lebogang Lebepe – Founder & CEO of BizzHouse talks about Which is the better investment: sectional title or freehold ownership?

Freeholds generally are a good choice for people looking to invest in property as a long term investment strategy and sectional titles generally are a good choice for those who want to build a rental portfolio to generate a steady stream of income. Freeholds generally have a higher house price inflation rate than sectional titles do, which means that a freehold is more likely to show greater appreciation in value over time than a sectional title might show. Every situation is different though. Investing in property is always a good idea, so these legalities depend on what you need from your real estate.

Estate living doesn't always mean lower insurance premiums

Buying within security estates can give buyers the freedom to choose not to live behind bars. Guarded by an external wall and regular security patrols, homeowners often don’t see the need to install extra security measures like burglar bars and alarm systems on homes within gated communities. But, are these security estates secure enough for your insurance provider?

According to Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa, buyers should not assume that their insurance premium will automatically be lower simply because they have moved to a security estate.

Sectional title versus freehold property

Sectional title refers to the ownership of a unit that forms part of a group-owned complex or development.
kaya 959
31
JAN
1pm

Why Do Most Parents Find It Hard To Have The “Inheritance’’ Talk With Their Kids

Eunice Sibiya - Educator & Coach on Personal Financial management and Ayanda Tetyana – Parenting expert talks about Family members need to talk about potential changes in health, inheritance, and estate planning issues before there is a crisis or someone is not able to communicate. But families fail to start these important conversations. Communicating and advance planning can reduce feelings of burden, guilt, and misunderstandings. It can also reduce conflict that is often experienced when family members are put in the position of making decisions for others.

So why don't we talk?

Denial of our own or other's mortality is often the reason conversations about inheritance can be so sensitive. Few people want to give the impression that a family member might die or that they would want someone to die. Talking about human losses or changes in health can be emotional. It can also be filled with legal and financial complexities that many find overwhelming. A family history of conflict can make it difficult to talk about later life transitions of aging parents.

Helping family members talk about issues that they normally do not want to address is the focus of my research on inheritance issues. This research has been used to develop tools to help families begin thoughtful communication about the inheritance issue of personal possessions.
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