Kaya Biz

ABSIP post-budget speech analysis

GUEST – Polo Leteka – President of the Association of Black Securities & Investment Professionals (ABSIP) ABSIP in partnership with the British High Commission held a Budget Review Breakfast to reflect on the outcomes of the budget speech and its impact on members of the investment committee. Special guest and…

22 Feb 2024 8AM 8 min

What the budget speech means for the South African consumer?

GUEST - Thabani Ndwandwe, Chief Risk Officer at Standard Bank SA Finance minister Enoch Godongwana has outlined the new tax brackets for personal income taxpayers in his Budget speech 2024. The minister said that the budget proposes tax increases totalling R15 billion for the 2024/25 fiscal year to alleviate “immediate…

21 Feb 2024 5PM 10 min

BUDGET 2024 – All your Budget 2024 Tax updates

GUEST – Musa Manyathi Director for Tax at Deloitte Africa Fears that government would hike personal income tax or VAT in this year's Budget proved unfounded. But taxpayers will still be hit in different ways to help plug fiscal holes. Government is struggling with ballooning debt payments, while its spending…

21 Feb 2024 3PM 12 min

A realistic budget – commendable in an election year: BLSA

GUEST – Busi Mavuso – CEO of the Business Leadership South Africa Finance minister Enoch Godongwane delivered a strong budget that commits government to appropriate spending levels given the weak economic outlook. This is positive for business, which needs reassurance that fiscal discipline will be maintained, despite pressure for increased…

21 Feb 2024 3PM 8 min

Will the 2024 National Budget give young people the support they need?

GUEST - Nkosinathi Mahlangu - Youth employment portfolio head at Momentum Metropolitan In this year’s State of the Nation Address (SoNA), President Cyril Ramaphosa painted a very alluring picture, but one that could, unfortunately, be likened to an “expectation versus reality” meme. In his version, the “expectation” one, the President…

20 Feb 2024 3PM 10 min

SA’s unemployment rate rises to 32.1%

GUEST – Statistician-General (SG) Risenga Maluleke The fourth-quarter unemployment rate rose by 0.2 of a percentage point to 32.1% from 31.9% in the third quarter, Statistics SA data shows. There were 46 000 more people without jobs in the fourth quarter of 2023 compared to the three months prior, causing…

20 Feb 2024 3PM 13 min

BUDGET PREVIEW: Why this is a pivotal budget

GUEST – Izak Odendaal - Old Mutual Wealth Investment Strategist Almost every Budget Speech of the past decade has been called “pivotal”, “make or break” or something similar. And yet the great pivot never seems to arrive. Except for the brief post-Covid commodity boom, a decisive change in the country’s…

20 Feb 2024 3PM 9 min

Kumba to cut up to 490 jobs in line with reduced iron ore output

GUEST – Nompumelelo Zikalala, CEO of Kumba Kumba Iron Ore was forced to slow its production during the last quarter of 2023 to reduce a growing stockpile prompted by railway woes. The Anglo American subsidiary, which employed about 11 000 people in 2022 including contractors, also announced on Tuesday that…

20 Feb 2024 3PM 11 min

What will it take to enhance SA’s financial health?

Guest: Ciko Thomas, Nedbank Group Managing Executive for Retail and Business Banking In a virtual roundtable today, H.M. Queen Máxima of the Netherlands, as the United Nations Secretary-General’s Special Advocate for Inclusive Finance for Development (UNSGSA), and Ciko Thomas, Nedbank Group Managing Executive for Retail and Business Banking, led a…

15 Feb 2024 3PM 9 min

INSIDE YOUR POCKET - South Africa’s Elite Turning to Pawnbrokers to Unlock Wealth

GUEST – Charles Meyerowitz - CEO of Lamna South Africa’s elite are turning to discreet secured lending providers to unlock their wealth to meet their modern finance needs. Luxury pawnbroking is on the rise, as cash-strapped professionals are turning to a faster, more discreet solution to combat the challenges of…

15 Feb 2024 3PM 17 min

The UK slips into a recession just months ahead of a general election.

GUEST - Xhanti Payi – PwC Senior Economist and Malungelo Booi – KAYANews Reporter The United Kingdom has slipped into recession just months ahead of a general election, official figures showed. Thursday, derailing Prime Minister Rishi Sunak’s pledge to generate economic growth. Gross domestic product fell 0.3% in the final…

15 Feb 2024 3PM 14 min

EKASINOMICS – GelaToh: A premium alcoholic ice-cream brand.

GUEST - Thobekile Mchunu – Founder of GelaToh GelaToh crème liqueur ice cream has been in business since December 2021. Their aim is to create a product that unites two of life's greatest pleasures and wanted it to taste as flavourful and smooth as our favourite crème liqueur cocktails. The…

14 Feb 2024 3PM 16 min

Romance scams in 2022 costed South Africans R125 million.

GUEST – Manie Van Schalkwyk, CEO at the Southern African Fraud Prevention There are a lot of romance scams that are targeting potential victims. According to Council for Scientific and Industrial Research (CSIR) statistics, the value of romance and business email compromise scams in 2022 was R125 million. The SAFPS…

14 Feb 2024 3PM 15 min

Around 55% of all nationwide hijackings occur in Gauteng – Tracker report

GUEST – Duma Ngcobo – Tracker COO Gauteng is still the province that experiences the highest volume of vehicle crime, with 61% of total vehicle crime incidents, followed by KwaZulu-Natal at 14%, and the Western Cape at 9%. The same trend applies when examining business vehicle crime specifically, with Gauteng…

14 Feb 2024 3PM 34 min

BUDGET PREVIEW: South Africans should brace themselves for higher cost of living – PwC

GUEST - Lullu Krugel, PwC South Africa Chief Economist PwC has warned that financially-constrained consumers have to brace for even higher cost of living as the Finance Minister Enoch Godongwana looks likely to opt for hike the value-added tax (VAT) slightly instead of other taxes in a bid to raise…

14 Feb 2024 3PM 12 min

Tax hikes on the cards for the rich in South Africa

GUEST – Ettiene Retief, Chairman of the SAIPA National Tax and Sars Committee The South African government desperately needs more revenue, with potential tax hikes on the cards for the wealthy. During the 2023 Medium Term Budget Policy Statement (MTBPS), Minister of Finance Enoch Godongwana outlined several cost-cutting measures expected…

13 Feb 2024 3PM 11 min

SA saw a dramatic decline in fixed investment activity in 2023.

GUEST – Johannes Khosa – NEDBANK Economist Nedbank’s listing shows a dramatic decline in fixed investment activity in 2023 as persistent power outages, rising interest rates and cost pressures weighed on profitability and eroded business confidence. The value of new projects announced during the year fell to R184.8 billion from…

13 Feb 2024 1PM 10 min

A bad year for SA wine exports as volume slumps 17%

GUEST – Maryna Callow, Communications Manager at Wines of SA South Africa's Wine Exports Decline Significantly South Africa's wine exports experienced a 17% decrease in 2023. However, in terms of export value, they held their ground, remaining affordable for international buyers. The volume of wines shipped from South Africa is…

13 Feb 2024 12PM 9 min

Survey finds underutilised skilled female talent could address country’s skills shortage

GUEST - Phillipa Geard, founder of RecruitMyMom The findings of South Africa’s largest Working Women Report released today (13 February), shed light on the challenges and opportunities surrounding female participation in the workforce and provides significant recommendations for businesses to address the country's skills shortage by tapping into the underutilised…

13 Feb 2024 12PM 12 min

WORLD RADIO DAY - The business of Radio

GUEST – Gary Whitaker – CEO of Broadcast Research Council of South Africa Emergence of a variety of listening formats is changing the dynamics of the media environment, but radio’s audience continues to be strong. Recently the Broadcast Research Council of South Africa presented its latest statistics (called RAMS Amplify)…

13 Feb 2024 12PM 15 min