Kaya Biz

Inside Your Pocket: What are waiting periods and why do medical schemes and gap cover providers have them?

When you join a medical scheme or gap cover, it is important to understand that waiting periods may apply to the cover. These depend on how long of a break there has been in your cover as well as how long you have had cover for, along with other factors…

27 Jan 2022 11AM 17 min

Interest Rates Hike And Home Loans: How much more you will pay on your bond after the latest interest rate hike

For most homeowners with bonds, the interest rate hike announced by the Reserve Bank today will mean paying extra on their monthly repayments. Mfundo Mabaso, FNB Home Finance Growth Head tells us how much more we can expect to pay on our bonds after the latest interest rate hike.

27 Jan 2022 11AM 5 min

What the latest interest hike means for indebted South Africans

The latest increase in the repo will no doubt have dire consequences for South Africans who are already struggling to pay off debt. An increased repo rate also means an increased cost of living, especially for South Africans who are paying bonds and have been reaping the benefits of an…

27 Jan 2022 11AM 19 min

What the Telkom SIU Case Is All About

Telkom's adventures into African markets have come back to haunt it with President Cyril Ramaphosa ordering the Special Investigating Unit (SIU) to probe some of the investments undertaken by the company in parts of continent over 13 years ago. Jon Tullett, Senior Research Manager at IDC SA.

26 Jan 2022 11AM 14 min

Inside Your Business: You Can Now Dismiss An Employee If They Refuse A Covid-19 Vaccination

As you are probably aware, yesterday the CCMA delivered a landmark decision in the ongoing debate surrounding COVID-19 vaccinations in the workplace. An employee took their former employer to the CCMA as the employee had been dismissed for employee for incapacity as they had refused a COVID-19 vaccination. The Commissioner…

26 Jan 2022 11AM 14 min

Annette Skaap: CEO Of Khayelitsha's First Four-Star Hotel- The Spade Boutique Hotel And Spa

After 10 years in the aviation industry as a flight attendant for SA Express, Annette Skaap has taken off to pursue her aspirations to venture into business, becoming a hotelier with the first luxury hotel to open in a township in South Africa. We talk about her rise from flight…

26 Jan 2022 11AM 7 min

More Part-Time and Temporary Workers Were Employed Compared In December 2021

The usual holiday cheer and festivities made a comeback over December 2021 as the latest take-home pay data from BankservAfrica shows more part-time and temporary workers were employed compared to December 2020. Mike Schüssler, Chief Economist at economists.co.za joins us to discuss what could have caused change.

26 Jan 2022 11AM 11 min

Legally Speaking: Employment and Labour On Employment Of Foreign Nationals In South Africa

The Department of Employment and Labour (DEL) has raised concerns around illegal recruitment practices in South Africa – including the hiring of immigrant foreign workers who are not in the country lawfully. To address these and other issues, the department said it has developed a new National Labour Migration Policy…

26 Jan 2022 11AM 23 min

Corruption Is a Major Threat To SA Business

Today’s release of Transparency International’s 2021 Corruption Perceptions Index (CPI) reveals that South Africa, along with many other countries in the world, has reached a virtual standstill in its efforts to curb corruption, as human rights abuses and the erosion of democracy flourish. Melusi Ncala, Senior Researcher Corruption Watch talks…

25 Jan 2022 11AM 7 min

It’s My House: To Consider When Buying A Stand

According to property experts, the accelerated switch to remote working over the past two years and the resulting “great migration” from big cities to smaller country and coastal towns is also driving a significant increase in the number of people who are buying stands and building their own homes. How…

25 Jan 2022 11AM 22 min

What to Expect from the upcoming SARB's Monetary Policy Committee statement

We get commentary on SARB (South African Reserve Bank) and the MPC ahead of the next meeting on Thursday, and The World Bank loan to the South African government for its fight against Covid-19 with Jeff Schultz, Senior Economist at BNP Paribas South Africa

25 Jan 2022 11AM 14 min

Statistics South Africa to Spend R3.2 Billion On The Nationwide Census

Statistics South Africa said that it will spend R3.2 billion on the nationwide population and housing census scheduled for next month. The entity is targeting 17 million households to collect demographic data for the next census. Risenga Maluleke, Statistician-General and Head Of Statistics South Africa (Stats SA) gives us more…

25 Jan 2022 11AM 9 min

Q4 home loan application statistics for 2021

The latest data reveals that competition amongst the major banks continues to surge. Home loan approval rates were up by 3.1% from Q4 of 2020 and the average interest rate received by home applicants was prime less 0.21% (19 basis points lower than Q4). According to statistics from ooba, South…

25 Jan 2022 11AM 7 min

Wealth Creation: How To Make The Most Of Tax-Free Growth On Retirement Savings

It’s the start of a new year and you have promised yourself that this year you will be better with your personal administration. How about achieving this goal and getting some “free” money at the same time. It is retirement annuity season and Rita Cool, Certified Financial Planner at Alexander…

24 Jan 2022 1PM 13 min

Career Corner: What Is Career Advancement?

Should it be employees or employers who sponsor career advancement? Who benefits more from career advancement, employees, or employers? To answer these questions and more, we are joined by Vumile Msweli, CEO of Hesed Consulting and Career Coach.

24 Jan 2022 11AM 20 min

Convincing More People To Return To Work Offices Will Be Challenging And Costly For Businesses In 2022

Offices are opening again, but the challenge is now to convince more people to return to them instead of working from home. Linda Trim, director at Giant Leap, one of South Africa’s largest workplace design consultancies, says that while some companies have mandated workers return to the office at least…

24 Jan 2022 11AM 9 min

Workplace Training In 2022: How Covid Has Shaped The Way We Learn At Work?

While Covid certainly escalated the shift to online working, the reality is that we were inching towards this point long before the pandemic started. The businesses that were able to adapt to the pandemic the best were those that had already identified the benefits of flexible, adaptable working environments. As…

24 Jan 2022 11AM 17 min

Steinhoff’s R25bn Settlement has been approved

The Western Cape High Court has approved Steinhoff's bid to have its R25 billion settlement proposal made final and binding. After months of intense litigation, the case was wrapped up in less than half an hour on Monday morning, with Judge Rosheni Allie ruling that she could find no reason…

24 Jan 2022 11AM 11 min

Global Supply Chain Outlook In 2022

The year 2021 could have been a breeze for the global economy, were it not for supply chain disruptions that saw everything from rubber and food to semiconductors and Christmas stocking fillers not only cost much more, but also take significantly longer to reach their destinations. Dr. Azar Jammine, Director…

24 Jan 2022 11AM 5 min

Woolworths Trading Update

Woolworths has warned that its headline earnings will fall by between 30% and 40% for the 26 weeks to end 26 December, compared to the same period in the previous year. Sales fell by 2.1%, and company says that trade was "severely impacted" by the extended lockdowns in Australia and…

20 Jan 2022 1PM 8 min