The OFM Business Hour
The latest business news from Central SA. Presented by Olebogeng Motse.
‘Good service doesn’t cost anything, it’s a state of mind’
Good service doesn’t cost anything, it’s a state of mind says Gus van der Spek, developer of upmarket retirement village Wytham Estate. Van der Spek was saying this in reference to ways in which existing senior living centres and retirement villages can make their facilities more social. The AVIEW property…
SQ-easy co-founder encourages start-ups to keep focused and follow through with ideas
The Welkom based co-founder of popular sanitiser dispenser, SQ-easy wristbands encourages other start-ups to remain focused on their business goals and follow through with their ideas. Jolene de Sousa, tells the OFM Business Hour, that this is the prevailing lesson she acquired in the process of researching and developing the…
Estate living still ideal for South African home buyers
Estate living is still ideal for South African home buyers, even in a tough economic climate. Former Olympian, shareholder and marketing director of the landmark Val de Vie Estate in the Western Cape’s Paarl valley, Ryk Neetling explained to the OFM Business Hour why estates are ideal for the modern…
Fintech lenders continue to fill in the funding gap in SA
Fintech lenders in South Africa are continuing to lead the charge in filling in the funding gap for businesses in the country. The OFM Business Hour sat down with the Chief Executive Officer (CEO) and co-founder of Fundrr, Idan Jaan, on the rise of alternative funding models for small, medium…
AA calls for SA to get ball rolling on fuel price structure review
The Automobile Association of South Africa is calling on Finance Minister, Enoch Godongwana, to expedite the review of South Africa’s fuel price structure. The AA’s Layton Beard, says whilst they welcome Godongwana’s acknowledgement during his Medium Term Budget Policy Statement (MTBPS) aka the mini-budget speech in late 2021 that there…
AA calls for SA to get ball rolling on fuel price structure review
The Automobile Association of South Africa is calling on Finance Minister, Enoch Godongwana, to expedite the review of South Africa’s fuel price structure. The AA’s Layton Beard, says whilst they welcome Godongwana’s acknowledgement during his Medium Term Budget Policy Statement (MTBPS) aka the mini-budget speech in late 2021 that there…
Opportunists taking advantage of effects of global semiconductor chip shortage of car prices
There are opportunists in the automotive market who are exploiting unsuspecting buyers in the used vehicles’ market as prices rise over the global semiconductor chip shortage. Spokesperson for Old Mutual Insure, Lizo Mnguni, tells the OFM Business Hour some of these opportunists are charging exorbitant prices for used vehicles that…
Read of Week – what makes good leadership?
The OFM Business Hour sat down with retired educator turned author, Noah Kaindama, to get his thoughts on good leadership as outlined in his debut books: 'the Real President and its sequel the Real President II'.
Domestic workers now covered by the Compensation Fund.
Bheki Ngcobo from the Department of Employment and Labour breaks down the Revised Employer Assessment Model Regulation under the Compensation Fund to the OFM Business Hour.
SA's economy contracts by 1,5% in the third quarter
North West University (NWU) Economics Professor, Waldo Krugell, weighs in on the latest GDP figures by Statistics SA, that indicate South Africa's economy shrank for the third quarter of 2021 - July to September.
DESTEA reignites tourism in the province
The head of the Free State Department of Small Business Development, Tourism and Environmental Affairs (DESTEA), Mbulelo Nokwequ, speaks to the OFM Business Hour about the programmes the department is introducing to help boost tourism in the province.
Rising cybercrime posing a threat to online real estate transactions
Rising rates of cybercrime globally are posing a serious threat to online transactions in the real estate space. The OFM Business Hour, sat down with Jackie Smith, the head of Buyers Trust, which is a subsidiary of Ooba on how real estate agencies need to be cogniscant of how they…
Can you lose your job for not strictly following Covid-19 regulations?
Attorney and founder of the Legal Affair, Nonhlanhla Mtshali, weighs in on the legality around this question on the OFM Business Hour. Mtshali’s expert opinion comes after the country’s labour court, deemed it ok for an employer to oust an employee for not strictly adhering to Covid-19 protocols. According to…
Newly installed SPU Vice-Chancellor, Prof Crouch joins #OFMBusinessHour
The Installation of Professor Andrew M. Crouch as the second Vice-Chancellor and Principal of Sol Plaatje University took place on Friday, 26 November 2021, at the Sol Plaatje University Community Hall on South Campus in Kimberley.
Approach black Friday with some pragmatism
The head of growth at leading South African Buy-Now Pay-Later (BNPL) fintech company, Payflex, Jarred Deacon, advises consumers to approach Black Friday with some pragmatism. Deacon suggests that you should “load your baskets before black Friday, keep them on in terms of your essentials and necessities. Once you have those…
Mangaung business chamber wants by-laws to be relooked
The Mangaung Chamber of Commerce and Industry wants the metro’s by-laws to be relooked at in light of their unhappiness over rising rates and taxes. The chamber’s deputy president, Mzi Mboyana, tells the OFM Business Hour, that it is increasingly becoming unaffordable to run a small business in the metro,…
Is this a good time to purchase a brand new car?
Transunion’s vehicle pricing index has found that there is a significant drop in prices for brand new vehicles in the third quarter of 2021 as compared to the same period in 2020. But this doesn’t mean one should purchase a new vehicle when they cannot necessarily afford the overall cost…
Social employment fund seeks strategic implementing partners
The Presidential Employment Stimulus is now in its second phase and is supporting social employment as part of its portfolio of interventions to create jobs and support livelihoods. With the Industrial Development Corporation (IDC) as fund manager, a Social Employment Fund (SEF) has been launched and is seeking strategic implementing…
SA’s e-hailing sector estimated to employ 80 000-100 000 drivers
South Africa’s e-hailing sector is estimated to currently be employing between 80 000 and 100 000 drivers and/or motorcyclists countrywide, with more jobs to be generated in the next 3-5 years. The Chief Executive Officer (CEO) of youth employment engine, Lulaway, Jake Willis, tells the OFM Business Hour, that the…
Prof Waldo Krugell on inflation
The latest business news from Central SA. Presented by Olebogeng Motse.