Kaya Biz

Dulux owner blocked from buying Plascon in SA

The Competition Commission has blocked a deal whereby AkzoNobel, the Dutch group that owns the paint brand Dulux, wanted to buy the owner of its local rival, Plascon, in South Africa. Japanese-controlled Kansai Plascon Africa owns Plascon. On Wednesday, the commission said that the proposed deal would result in a…

9 Nov 2022 1PM 9 min

In conversation with Thebe Investment corporation chair, Nhlanhla Nene

Nhlanhla Nene served as the Minister of Finance of South Africa under President Jacob Zuma from 25 May 2014 until his controversial removal on 9 December 2015, and under President Cyril Ramaphosa from 27 February 2018 until his resignation on 9 October 2018 Mr Nene previously served as the Minister…

9 Nov 2022 1PM 30 min

Standard Bank Thrive Campaign: Customer Experience

The thrive app enables store owners to view supplier invoices and make supplier payments for stock delivery anytime, from anywhere, from their phones! The thrive app is available to download from the Google Play store. This week we will be talking about customer experience on the App.

9 Nov 2022 1PM 15 min

SA Cultural Observatory: Creative Economy Reset Conference

This new report offers insights into the survey carried out by UNCTAD with member States on the creative economy highlighting institutional arrangements and national plans and strategies for 33 countries. The findings show how the creative economy has become a sector of growing social, political, and economic importance. The conference…

9 Nov 2022 1PM 5 min

EKASINOMICS: SA startup Thumela launches last mile deliveries platform

South African startup Thumela has developed a counter-to-counter last-mile logistics solution to help e-commerce businesses and individuals send and collect parcels faster, cheaper, and more conveniently. Launched in May, Thumela transports parcels via trusted and vetted public taxi drivers who travel fixed routes. The logistics startup partners with tuck shops…

9 Nov 2022 1PM 15 min

INSIDE YOUR BUSINESS: Employers: How to stop a departing employee from poaching

Well-connected employees are often the most important assets for an ambitious business.  However, they also present a challenge if they leave. They can be valuable commodities in the wider market and therefore more susceptible to approaches from competitors.  Alternatively, they might have plans to set up on their own. When…

9 Nov 2022 1PM 15 min

TECH AND INNOVATION: SA energy startup Wetility launched to smooth access

Wetility has developed a suite integrated smart energy solutions designed to provide customers with a personalised 360 experience. We-X is an easy-to-use digital platform that intelligently enables users to stay connected with remote monitoring and instant alerts, while the PACE device is intelligently designed to control the energy flow to…

8 Nov 2022 1PM 8 min

Consumers are taking home 33% less today in real terms than they did in 2016

New data shows that relentless increases in interest rates and inflation are pummeling middle-class South African consumers – who have had no significant increases in take-home pay over the last five years and now rely on unsecured credit to keep their heads above water. This data comes from DebtBusters –…

8 Nov 2022 1PM 17 min

ITS MY HOUSE: Clever, simple ways to use your home to make money

Times are financially tough right now; food and fuel prices are increasing and rising interest rates mean homeowners will be forking out more on their bond repayments. And although many people are trying to make ends meet by taking on side hustles or second jobs, demanding work and family commitments…

8 Nov 2022 1PM 19 min

Why South Africa will struggle to wean itself off coal

The National Union of Mineworkers (NUM) is in support of the Mineral Resources and Energy Minister Gwede Mantashe on his call for Africa to unite against 'coercion' by the global anti-fossil fuel agenda. South Africa secured around R131 billion in a bid to transition from coal and Eskom’s grid towards…

8 Nov 2022 1PM 13 min

Favourable agricultural season in 2022/23 on cards, says Agbiz

South Africa, and the broader Southern Africa region continue to show signs that point to yet another favourable agricultural season in 2022/23, according to Agricultural Business Chamber chief economist, Wandile Sihlobo. He said that in their Seasonal Climate Watch report last week, the South African Weather Service (SAWS) highlighted that…

8 Nov 2022 1PM 11 min

COP27: Focus points that African countries especially SA

Climate campaigners have pitched themselves against African governments that believe they should be allowed to use gas - which emits less climate-heating carbon dioxide than coal and oil when burned - to develop their economies and provide power to 600 million Africans who still lack access to electricity. Activists raised…

8 Nov 2022 1PM 11 min

Want to work a 4-day week? You now have two extra months to convince your boss

The nonprofit 4 Day Week SA and its coalition of partner organisations have extended the deadline for companies to sign up to be part of a "pioneer pilot" study in South Africa, where employees will be paid 100% of their salaries to work 80% of the hours they did before…

7 Nov 2022 1PM 12 min

65% of children entering school will work in jobs that don’t yet exist

Tuesday, 18 October 2022: South Africa needs to prepare for the future world of work by developing future skills that will facilitate economic growth to enable businesses to compete in local and international markets. An advanced workforce will also make South Africa an attractive investment destination and allow us to…

7 Nov 2022 1PM 16 min

CAREER’S CORNER: Why You’re Being Undermined at Work

Do you feel like you’re constantly being undermined at work? If so, don’t worry – you’re not alone. Many people feel like they’re undervalued and undermined by their colleagues, and it can be a really frustrating experience. In this blog post, we’ll talk about why people undermine others at work,…

7 Nov 2022 1PM 21 min

WEALTH CREATION: South Africans have too little life and disability insurance

The most recent study on life and disability cover by the Association for Savings and Investment South Africa (Asisa) indicates that the untimely death of a breadwinner, or an accident that leaves them disabled, will be a true disaster for most families in SA. The typical wage earner simply does…

7 Nov 2022 1PM 12 min

Minister Godongwana changes BEE rules for SOEs

Government institutions such as Eskom, Transnet and Denel no longer have to disqualify suppliers just because they do not meet BEE requirements. After years of sustained pressure, government relented and promulgated regulations stating that state-owned enterprises (SOEs) no longer have to comply with BEE requirements when awarding government contracts. Finance…

7 Nov 2022 1PM 9 min

Delta Posts Solid Operational Performance

07 November 2022, Johannesburg. Delta Property Fund, a specialist black-managed and substantially black-owned REIT with a significant sovereign underpin today published its half-year results for the six months ended 30 August 2022. “Notwithstanding significant economic headwinds in the macro-economy and especially the office sector, our portfolio performance remains robust as…

7 Nov 2022 1PM 12 min

Blackout Black Friday: Retailers to rack up R17.3bn

South African retailers are expected to generate around R17.3bn in additional sales over the Black Friday promotional period, representing around 6.7% growth over the Black Friday period in 2021. The number is forecast to be R5.4bn lower than it would have been if South Africa was not experiencing so many…

3 Nov 2022 2PM 7 min

SA's first black female Chartered Accountant Nonkululeko Gobodo on her new book

Nonkululeko Gobodo was first thrust into the spotlight as South Africa’s first black female Chartered Accountant (CA) in 1987. In her much-anticipated life story, Awakened… to my true self, Gobodo shares her experiences and the inconceivable trials and tribulations she traversed and conquered to become a CA and how she…

3 Nov 2022 2PM 29 min