Kaya Biz

KAYA 959  |  Podcast , ±11 min episodes every 15 hours  | 
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.

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29
SEP
5am

Capitec reports surge in customers, hikes dividend on strong growth.

Capitec Bank has published its financial results for the half-year period ended August 2022, showing a 17% growth in group headline earnings to R4.7 billion from R4 billion for the comparative period.
Active clients are up 13% to 19 million.
“Over the past five financial years, our compound annual growth rate was 17% despite the impact of the Covid-19 pandemic, the civil unrest and the KwaZulu-Natal floods. This demonstrates the underlying resilience of our business and the quality of our earnings,” said Gerrie Fourie, chief executive officer (CEO).
Kaya 959
29
SEP
5am

More trouble for ‘NEW’ SAA as it loses licences to important routes.

South African Airway has reportedly lost 20 licences to routes that serve domestic and international passengers.
The Air Services Licensing Council (ASLC) revoked the licences after the troubled airline was unable to prove that it had sufficient personnel, facilities and equipment to service the routes, according to aviation analyst Phuthego Mojapele.
Speaking to ENCA, Mojapele said that the airline wished to keep access to 52 routes and made representations to the council but could not sufficiently justify having 20 of the licences when the routes were not in operation.
Kaya 959
29
SEP
4am

INSIDE YOUR POCKET: Metropolitan helps instill a culture of saving within Mzansi

INSIDE YOUR POCKET - Metropolitan helps instill a culture of saving within Mzansi by changing the traditional savings approach.

Saving money towards the achievement of a financial goal, retirement or simply to have access to funds during an emergency is universally accepted as something wise and worthwhile. And yet, most South Africans do not save. In fact, in this current economic climate, many South Africans have little funds left once they pay the bills, and other non-negotiables such as rent, food and their children’s school fees.

The truth is saving is hard, and the common savings advice that we get from experts may seem unobtainable at times. For example, start saving from as little as R5 a day or how you should save 10% of your salary each month. This is great advice, however, practically applying it in your life is impossible, especially if you’re doing it alone.
Kaya 959
29
SEP
4am

PIVOT POINT: Barati Mahloele - Director of Tiger Brands' Venture Capital Fund.

Tiger Brands is aiming high with the appointment of Barati Mahloele as the company’s Venture Capital Fund director. She joined the business from Zebu Investment Partners, where she was Vice President of Investments.

Mahloele who has considerable experience in the field, holds an MBA from the University of Oxford’s Said Business School, where she was a Said Foundation African Scholar, and a Bachelor of Commerce in Accounting from the University of KwaZulu Natal.
Kaya 959
29
SEP
4am

In conversation with Steinheist director, Richard Finn Gregory.

A new three-part documentary by the producers of Devilsdorp on the fall of Steinhoff highlights not only the infamous dealings of Markus Jooste but also how corruption in the private sector all too frequently flies beneath the radar.
The first episode of the docuseries by production company Idea Candy and directed by Richard Finn Gregory, was released on Showmax on 22 September, with the next two parts set to drop on the following Thursdays. The series profiles Markus Jooste, whose years of corruption led to investigations into “accounting irregularities” and his resignation as CEO in 2017, which wiped billions of rands from the JSE – the biggest corporate scam in South African history.
Kaya 959
27
SEP
8am

REMGRO shows strong earnings recovery above pre-pandemic levels.

JSE-listed investment holding company Remgro is reporting a 125.1% increase in headline earnings to R6.49 billion for the full year period ended June 2022, coming off a Covid-19 led low base and boosted by the recovery in earnings for most of the group’s underlying investee companies, it says in a Sens announcement released on Tuesday.

Remgro says it has seen a strong recovery from recently acquired companies Mediclinic, Distell and Community Investment Ventures Holdings Proprietary Limited (CIVH) as well as other investee companies Kagiso Tiso Holdings Proprietary Limited, Grindrod Limited, Grindrod Shipping Holdings Limited, FirstRand Limited and TotalEnergies.
Kaya 959
27
SEP
8am

SA employment decreases by 119 000 jobs in Q2.

South Africa’s formal, non-agricultural industries shed 119 000 jobs in the second quarter (Q2), down from 10 067 000 in March 2022 to 9 948 000 in June 2022, led largely by employment losses in the community services, business services and construction industries.
Statistics South Africa’s latest Quarterly Employment Statistics (QES) Report shows that employment in the community services industry dropped by 100 000 jobs, followed by businesses services which saw a decrease of 15 000 and construction which reported an employment drop of 13 000. Manufacturing had 12 000 less jobs, while the electricity industry lost 1 000 jobs in Q2.
Year on year, employment in the country only grew by 0.7%, a gain of 74 000 jobs between June 2021 and June 2022.
Kaya 959
27
SEP
8am

The rand is awful for travel to the US, UK, and a few other countries, are cheap

On Monday, the rand broke through R18 to the dollar for the first time since the pandemic-induced madness that took hold in April 2020, and subsided again during May of that year.
That is due in part to dollar strength and various global factors. But the rand is also tanking all by itself; it is the worst-performing currency among its emerging-market peers over the past month, with the government's inability to deal with load shedding cited as a major reason.
Kaya 959
27
SEP
8am

ITS MY HOUSE: Upscaling, downscaling or semigrating? Signs that Its time to move

The COVID-19 pandemic has given rise to significant shifts in the residential property market. In the beginning, many were scaling back to clamber back on costs, however, as interest rates continued to dip between 2020 and 2021, many started to upgrade their homes and invest in bigger spaces. Now, with rising costs and major pressure on consumers, the market is changing once again.
Grant Smee, property entrepreneur and Managing Director of Only Realty Property Group, says that despite higher costs of living and a quick succession of interest rate hikes, the market remains surprisingly resilient. “While FNB’s latest Property Barometer indicated that the price growth of homes has slowed down (3.4% - down from 3.8% in May), there is still strong demand for homes as indicated in the market volumes that we are seeing,”
Kaya 959
27
SEP
8am

Africa 2022 - Africa Sport And Entertainment Summit .

The first ever Africa Sport and Entertainment Summit will feature Anita Elberse, the Lincoln Filine professor of Business Administration at Harvard Business School.
An award-winning teacher, who will be teaching MBA case studies on entertainment, media and sport.
The Summit seeks to unpack opportunities in the Business of Sport and Entertainment in Africa. We engage different stakeholders across key markets and properties that operate in these sectors in order to fully drive towards the actualisation of the potential.
Kaya 959
27
SEP
7am

TECH & INNOVATION: Rebooked APP - Buy, sell, write, publish.

TECH & INNOVATION - Rebooked - ‘Buy, sell, write, publish’ app set to empower students and aspirant writers.

A 25-year-old entrepreneur, Nkcubeko Noyila, says her new app ‘Rebooked’ – which connects buyers and sellers of second-hand academic books – provides access to information and tools that are necessary for both academic and personal advancement.
The app will be available to Apple and Android users from 15 October.
“The initial idea was to offer students a chance to connect with other students and advertise venues where they could meet to do transactions for textbooks,” she says.
However, safety considerations related to this approach made it necessary to build a safe online payment mechanism into the app, she adds.
Kaya 959
26
SEP
6am

US stands firm over sanctions on 'increasingly repressive' Zimbabwe.

US stands firm over sanctions on 'increasingly repressive' Zimbabwe despite lobbying by Ramaphosa.

The US will not lift sanctions on Zimbabwean entities and individuals, despite the issue being raised by President Cyril Ramaphosa during his visit with US President Joe Biden.
US Ambassador to South Africa Reuben E Brigety said the US did not believe claims that its sanctions had caused Zimbabwe's declining economy.
He told News24 the sanctions were targeted at specific people and entities, and that misinformation was driving the blame for the suffering experienced in Zimbabwe on the US.
The US will not lift sanctions on Zimbabwean entities and individuals, despite the issue being raised by President Cyril Ramaphosa during his visit with US President Joe Biden.
US Ambassador to South Africa Reuben E Brigety said the US did not believe claims that its sanctions had caused Zimbabwe's declining economy.
He told News24 the sanctions were targeted at specific people and entities, and that misinformation was driving the blame for the suffering experienced in Zimbabwe on the US.
Kaya 959

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