Kaya Biz

Opening Of Borders

Following President Cyril Ramaphosa's announcement that the country's borders would open to international travellers under the strictest conditions, the South African tourism sector has promised to keep these incoming travellers safe.

17 Sep 2020 1PM 8 min

MPC Announcement

The SA Reserve Bank’s monetary policy committee (MPC) left the benchmark interest rate unchanged at 3.5% on Thursday, even as it revised down its forecasts for growth in an economy still navigating its way through the fallout from the coronavirus shock.

17 Sep 2020 1PM 7 min

Plans To Nationalise The Central Bank

According to Fin24, ANC’s Paul Mashatile said plans to nationalise the central bank will shelved as the country doesn’t have massive resources to buy out bank’s shareholders.

16 Sep 2020 1PM 9 min

South African Airlines Under Distress

Desperate SA Express employees have made a daring attempt to save hundreds of their jobs with an ambitious bid to buy the state-owned airline and prevent it from final liquidation.

16 Sep 2020 1PM 6 min

How Complicit Is The Audit Industry In Corruption

In recent weeks we have seen a number of corruption scandals such as Steinhoff, VBS, Nissan, State Capture and PPE bring the conversation around the role of policy and regulation in ensuring clear and ethical business operation back to our attention.

15 Sep 2020 1PM 7 min

What Level 1 Means To The Economy

There’s talk that President Cyril Ramaphosa could soon announce the economy is moving down to Level 1 of the Covid-19 risk-adjusted strategy. If that happens, what are it emans for the economy?

15 Sep 2020 1PM 9 min

Gold Mining In Harmony Gold

Harmony Gold posted an annual loss of R828 million ($53 million) on Tuesday, stung by derivative losses caused by a weaker exchange rate, despite a boost in revenue from soaring gold prices.

15 Sep 2020 1PM 4 min

Understanding Alternative Investments

For most investors, traditional asset classes like equities, bonds and cash will make up the bulk of their portfolios. However, there are several other asset classes out there.

14 Sep 2020 1PM 12 min

Banking And Capital Markets Sector

Banks have been hit hard by the Covid-19 pandemic, with combined headline earnings falling 65.5 percent in the first half of this year compared with the same period last year, as consumers struggle to make monthly payments and grow their incomes.

14 Sep 2020 1PM 8 min

Internet, Mobile Call Cost In Zimbabwe Has Gone Up By Almost 200% Since September 1st 2020

Voice, SMS and mobile data charges have gone by almost 200% in Zimbabwe after the Postal and Telecommunications Regulatory Authority of Zimbabwe (POTRAZ) approved data bundle price increase on 31 August 2020.

14 Sep 2020 1PM 8 min

Focusing On Economy After The Release Of GDP Stats

GDP statistics were released yesterday and they showed an economy in deep recession. Growth contracted by 51% q/q seasonally adjusted and annualised (saar), much worse than the Bloomberg consensus expectations for a contraction of 47.2%.

10 Sep 2020 1PM 14 min

Sanlam Ltd Group Interim Results For The Six Months Ended 30 June 2020

Sanlam reported a 10% increase in headline profit, as new business volumes increased by 40% to R157 billion in the past six months. Its investment business was the main contributor, helped by "satisfactory" general insurance sales.

10 Sep 2020 1PM 4 min

FNB Annual Results

First National Bank (FNB) presents its annual results for the financial year ending 30 June 2020. The Bank acknowledges that the year has been very hard for many due to an economy that was already struggling before COVID-19, escalating health risks as well as financial difficulties for both consumers and…

10 Sep 2020 1PM 13 min

Tourism Business Council of South Africa

Tourism Business Council of South Africa (TBCSA) believes the tourism industry can reignite South Africa’s ailing economy, but it has to reopen borders.

10 Sep 2020 1PM 5 min

Inside Your Business

The I’M IN Accelerator Program launches the first instalment of an all-Black women-owned tech startups pre-accelerator program in September 2020.

9 Sep 2020 1PM 14 min

The Improvement In Business Sentiment: What Could It Mean?

South African business confidence unexpectedly recovered in the third quarter to levels last seen before the coronavirus and restrictions to curb its spread, indicating the economy may have passed the low point in its cycle.

9 Sep 2020 1PM 9 min

Understanding The Q2 GDP Data

It was announced yesterday that South Africa’s seasonally adjusted GDP plunged by 16.4% in Q2 20 relative to the previous quarter. The level of seasonally adjusted GDP fell sharply by 16.4% in Q2 20 when compared with Q1.

9 Sep 2020 1PM 8 min

SA Economy Requires R3.4TRN To Recover

The South African economy will require funding of an estimated R3.4 trillion in the next three years, excluding off-balance-sheet infrastructure projects, says Martin Kingston, executive chair of Business for SA.

9 Sep 2020 1PM 4 min

Shoprite SA Close Stores In Kenya

South Africa’s Shoprite Holdings said on Tuesday it expected to close or dispose of its remaining two stores in Kenya in the year ahead, leaving the East African country after opening its first store there more than two years ago.

8 Sep 2020 1PM 8 min

GDP Figures And The Property Industry

GDP shrank by 51% in the period through June from the previous quarter, compared with a revised 1.8 percent contraction in the first three months, according to Statistics South Africa (StatsSA) today. Tim Akinnusi, CEO of MortageMarket.co.za

8 Sep 2020 1PM 7 min