Kaya 959 Kaya Biz

Kaya Biz

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.
Daily English South Africa Business News · Investing
5,610 Episodes
3200 – 3220

What Sasol's shut down of Natref refinery means for fuel supply and costs in SA.

Sasol, South Africa’s largest fuel producer, declared force majeure on the supply of petroleum products due to delays in deliveries of crude to the Natref refinery it owns with TotalEnergies SE, leaving just a fraction of the country’s fuel-production capacity still operational. Natref, a 108 000 barrel-a-day plant, was forced…
18 Jul 2022 4AM 16 min

Insurers hit by rocketing power surge damage claims as load shedding drags.

According to Anneli Retief, head of Dialdirect Insurance, the daily occurrence of load shedding in SA is much more than just a major inconvenience. Philippa Wild, head of commercial underwriting at Santam, says Santam has also seen a significant increase in claims for damage to sensitive electronic items due to…
18 Jul 2022 4AM 6 min

Here's what MTN's proposed Telkom takeover deal could mean for SA's telecoms sector.

MTN on Friday stated its intention to buy out its partially state-owned competitor Telkom, a move that sent the share price of the former fixed-line operator rocketing. If the deal is concluded, it could have major implications for telecommunications. While Vodacom retains the largest mobile market share, MTN is currently…
18 Jul 2022 4AM 15 min

South Africa rooibos tea industry pays out to indigenous people.

South Africa’s rooibos tea industry paid R12.2 million ($716,000) to groups representing indigenous people in the country, part of a benefit-sharing agreement to recognize the original cultivators of the plant. A levy of 1.5% of the farm gate price of the herbal tea will be paid into a trust each…
18 Jul 2022 4AM 7 min

Solidarity to auction Denel assets to pay R90m debt owed to employees.

Trade union Solidarity will hold the first of several auctions of State-owned defence company Denel’s assets on July 15. Solidarity seized these assets earlier this year owing to Denel’s failure to pay about R90-million in debt to Solidarity members in terms of a court order. The seizure and auctioning of…
14 Jul 2022 4AM 8 min

JSE on National Savings Month, ETFs and TFSAs.

Many people think it is complicated and expensive to start saving or investing but this doesn’t have to be the case. There are different ways to gain access to earning opportunities. The JSE offers Tax-free saving that provides investors with a way to invest in exchange-traded funds (ETFs) on the…
14 Jul 2022 4AM 11 min

PIVOT POINT: Catch up with Standard Bank CEO.

Simphiwe Tshabalala is joint Chief Executive of the Standard Bank Group and Chief Executive of Standard Bank South Africa. Tshabalala was born in Hlabisa, a poor area in rural KwaZulu Natal. He grew up in Soweto and obtained his matric from the Sacred Heart College in Johannesburg. Standard Bank CEO…
14 Jul 2022 4AM 16 min

Strike season hits South Africa.

After two years of Covid-related wage deferments, salary freezes and layoffs, government departments and businesses across South Africa are grappling with a growing strike season. The effects of the industrial action are already being keenly felt in South Africa after an illegal strike at Eskom crippled the power utility and…
14 Jul 2022 4AM 17 min

How to avoid charity scams when volunteering, donating this Mandela Month.

During Mandela Month, South Africans are called on to donate their time and money towards good causes. However, a key concern is whether these donations are meeting real needs and going towards legitimate organisations. “The first question to ask yourself when selecting a cause is whether it is servicing a…
14 Jul 2022 4AM 9 min

SA managers struggling to retain young talent.

South African asset managers are struggling to hold onto young professionals who are quick to jump at the next opportunity to advance their careers. There is a lower retention rate of staff at the analyst level of fund-manager houses compared with senior positions, according to a survey by INN8 Invest,…
13 Jul 2022 5AM 12 min

SARS responds to the protest action.

The South African Revenue Service (SARS) announced on Tuesday that its operations have been affected by the industrial action from unions, forcing the tax body to close 18 branches in seven provinces around the country. This comes at a sensitive time for SARS operations, as tax season started at the…
13 Jul 2022 5AM 10 min

EKASINOMICS: Dintle – A new chocolate by an African Name.

Newly launched and going by an African name. It’s a chocolate named ‘Dintle’. It is now available. This product is a collaboration by two young entrepreneurs, who have demonstrated skill at their craft. ‘Dintle’ meaning beauty is a newly launched CHOCOLATE. It was launched last week by Zamdela based Nyakallo…
13 Jul 2022 5AM 10 min

Zondo Report underscores need to enforce director accountability more rapidly.

In its final report, the Zondo Commission repeatedly comments that directors of the various captured state entities have not been properly held accountable for the massive damage they have caused to the organisations they were supposed to serve, and thus indirectly to the country as a whole. The Institute of…
13 Jul 2022 5AM 9 min

Regulator gives thumbs up to Mr Price’s purchase of Studio 88.

South Africa’s Competition Commission has recommended that the Competition Tribunal approve Mr Price’s deal to acquire Studio 88 without conditions. In April, retailer Mr Price announced that it has entered into a transaction agreement to acquire 70% of Blue Falcon, which owns the Studio 88 group of businesses, from RMB…
13 Jul 2022 5AM 8 min

Twitter lawyers say Elon Musk’s deal termination is invalid.

Twitter Inc.’s lawyers called Elon Musk’s termination of his $44 billion buyout agreement “invalid and wrongful” in a letter to the billionaire’s attorneys, a preliminary step by the social network in the looming legal battle over the deal. Twitter lawyer William Savitt, of Wachtell, Lipton, Rosen & Katz, wrote to…
12 Jul 2022 4AM 7 min
3200 – 3220