Kaya Biz

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

Unpack Stats SA GDP Figures For End Quarter

South Africa’s Gross Domestic Product (GDP) for the second quarter of 2020 shrank by a mammoth 51%, mainly as a result of the Covid-19 lockdown coming into effect during that period, a report by Stats SA shows.

8 Sep 2020 1PM 5 min

Prescription VS Impact Investments

The issue of prescribed assets has been raised several times as a potential source of funding in relation to both State Owned Entity (SOE) debt, as well as in respect of investment to support developmental imperatives for South Africa.

7 Sep 2020 1PM 16 min

Clicks Saga - Looking At Policies To Avoid Descriminating/Corporate Culture

In light of the events surrounding the Clicks advert, there is a question of " What policies should be put in place in the workplace to avoid insensitive and discriminatory advertising?."

7 Sep 2020 1PM 9 min

Clicks Saga

The potential strength of consumer activism spoke loud and clear in the 6% drop in the Clicks share price in the wake of the insulting hair products advert it posted on its website last week.

7 Sep 2020 1PM 8 min

What To Expect From South Africa’s Second-quarter GDP Data

Statistics South Africa (StatsSA) will publish the results of South Africa’s Gross Domestic Product (GDP) for the second quarter of 2020, on Tuesday (8 September), providing a clearer picture of the severity of the economic impact of Covid-19.

7 Sep 2020 1PM 4 min

The Pivot Point

Bathabile Mpofu is a social entrepreneur and the MD of Nkazimulo Applied Sciences, an organisation that aims to help young people become scientists.

3 Sep 2020 1PM 10 min