Kaya Biz

Knowing when, and how, to compromise at work.

It’s not clear how or why, but in recent years compromise seems to have become a dirty word. No longer the venerable art of give-a-little-to-get-a-little, compromise is for many people a sign of weakness. It’s for losers, they claim, and it leads to mediocrity. But no. Compromise is your go-to…

28 Mar 2022 5AM 22 min

Wealth Creation: Asset purchase vs stock purchase.

It is an exciting time when a business has reached the point where it is thinking of acquiring another company. Before the process begins, it needs to decide which avenue is right for the purchase. Generally, there are three avenues through which a company can purchase an existing business. The…

28 Mar 2022 5AM 11 min

Competition Commission raises concerns over volatility of pricing for fresh produce in South Africa.

The Competition Commission has announced plans to investigate South Africa’s fresh produce food market. “Essential foods are critical to the socio-economic well-being of a nation, and in particular to its poorest consumers for whom essential foods form a significant portion of household expenditure relative to other wealthier consumers,” the commission…

28 Mar 2022 5AM 8 min

Investment Conference Wrap - but there's still an investment strike, says prof. Meyer.

Last week we held our fourth South Africa Investment Conference as part of a drive to raise R1.2 trillion in new investment over five years. Despite persistent challenges in the economy, investors are buying into Ramaphosa’s vision, as evidenced by the pledges made this week. Professor Danie Meyer, a development…

28 Mar 2022 5AM 11 min

How the Ukraine conflict is impacting the global and local diamond industry.

The ongoing Ukraine/Russia war has had a devastating impact on global markets over the past couple of weeks, with the global diamond market being one of the sectors that has been hit the most. Kaya Biz host, Gugulethu Mfuphi speaks to the CEO of South African jewellery design brand, Shimansky…

24 Mar 2022 4AM 11 min

Netflix is spending more than R900m in four SA-based productions over the next two years.

Video streaming giant Netflix is spending more than R900 million in four South Africa-based productions over the next two years. Netflix revealed the investment amount at the 4th Annual South African Investment Conference at the Sandton Convention Centre in Johannesburg.

24 Mar 2022 4AM 16 min

How to Dispute an Electricity Bill in South Africa.

Is this a regular occurrence for South Africans to find themselves with a fault or inaccurate electricity bill? Yes, it and quite sadly it is also a common occurrence for most citizens to receive erroneous electricity or water bills. Of course, we are not always just talking about a few…

24 Mar 2022 4AM 15 min

Pivot Point: From Chef Student to Production House Owner.

Lentswe Bhengu, born and raised in KwaZulu Natal, started off plying his trade in the investment finance space. After 5 years in the industry, Lentswe traded in his suit and tie for a chef hat and spatula and in 2010 and enrolled at The Culinary Academy in the Cape Winelands…

24 Mar 2022 4AM 16 min

Reserve Bank raises repo rate 25 basis points to 4.25%, citing inflation and war as the biggest threats.

The South African Reserve Bank’s Monetary Policy Committee (MPC) has decided to raise the repo rate to 4.25% per annum. Reserve Bank governor Lesetja Kganyago said in a statement on Thursday afternoon (24 March), that the rate hike comes against a backdrop of higher global and local inflation. Three members…

24 Mar 2022 4AM 8 min

SA Investment Conference 2022

The Fourth SA Investment Conference is currently under way at the Sandton Convention Centre, north of Johannesburg. The one-day meeting is called to help attract the R1,2 trillion rand worth of investment by the end of 2023. The African Development Bank will commit R42.5 billion in new financing to South…

24 Mar 2022 4AM 9 min

Tourism industry and lifting of COVID-19 protocols.

The Tourism Business Council of South Africa welcomes the further lifting of COVID-19 protocols by President Cyril Ramaphosa. The TBCSA strongly believes the changes announced are a step in the right direction as the sector seeks to recover to pre-pandemic levels. Over the last few months, the tourism sector has…

23 Mar 2022 4AM 9 min

Ekasinomics: Meet the woman who's trained 3000 people to make carpets from scratch amid the pandemic.

Reitumetse Molapo used the lockdown period as an opportunity to teach people in her community how to make rugs and earn a living. The 30-year-old from Welkom, Free State, who learnt the art of making rugs in 2017 while on a visit to Tanzania, said she had to think on…

23 Mar 2022 4AM 15 min

Legally Speaking: Knowing which warning is appropriate for which disciplinary offence?

Employers too often misuse disciplinary warnings or avoid using them at all because they are unsure of how the law works around them. It is especially hard for small business owners who don’t have a fully functioning HR department to properly deal with offenses. Obviously, the least “severe” form of…

23 Mar 2022 4AM 20 min

Black Business Lobby Group ready to fight national treasury's new draft procurement rules.

The Black Business Federation (BBF) will be heading to court to challenge to the National Treasury's newly released draft Preferential Public Procurement Framework guidelines, saying that the draft guidelines leave black South Africans and their businesses at a disadvantage when bidding for government tenders. National Treasury released updated tender regulations…

23 Mar 2022 4AM 13 min

4th SA Investment Conference must not leave entrepreneurs behind.

The JCCI calls on big business and government, not to leave behind SME’s at this year’s edition of the SA Investment Conference, which is set to take place on the 24 March in Sandton. In the last three iterations of the conference, it was announced with great fanfare the billions…

23 Mar 2022 4AM 7 min

Consumer inflation unchanged in February, but bread and maize meal prices jump.

Annual consumer price inflation reached 5.7% in February, unchanged from 5.7% in January. Still, food and transport prices saw big increases last month. With diesel and petrol prices up by a third over the past year, transport prices increased by 14.3% year-on-year. Statistics SA recorded large monthly price increases for…

23 Mar 2022 3AM 9 min

Government concludes auction of high-demand spectrum for mobile telecommunications.

President Cyril Ramaphosa has announced that government has concluded the auction of high-demand spectrum for mobile telecommunications and says that this will prove a significant milestone in growing and transforming the economy. Writing in his weekly letter to the public, Ramaphosa said the new spectrum will be accompanied by agreed…

22 Mar 2022 4AM 15 min

Lessons for scheme executives.

In mid-February this year, the City of Tshwane caused a big stir with their highly-publicised #TshwaneYaTima campaign, which was rolled out via Twitter. This contentious, yet very effective, initiative named and shamed big entities - such as PRASA, SuperSpar, and ODI - whose service payments were, in some cases, up…

22 Mar 2022 4AM 14 min

It's My House: How Property co-ownership works.

Many people want to invest in property, but not everyone can afford to purchase a house, apartment or piece of land. Co-ownership for investment purposes is a good way to get onto the property ownership ladder, but it’s not something to jump into blindly. Owning property with a friend, sibling…

22 Mar 2022 4AM 20 min

Retirement savers can now invest up to 45% of their portfolios offshore.

The South African Reserve Bank recently confirmed that the offshore investment limits for all investment and product providers, including retirement funds, have been increased to 45%. The relaxation in exchange control regulations is very positive news for South African investors over the long term. Earl Van Zyl, head of Retail…

22 Mar 2022 4AM 9 min