Kaya Biz

WEALTH CREATION: Equity crowdfunding a game changer for investors and African.

Equity crowdfunding a game changer for investors and African business. Many in South Africa are familiar with the concept of crowdfunding to kickstart a concept or raise money for a needy cause. While crowdfunding is a billion-dollar global industry, equity crowdfunding is in its infancy in Africa and an exciting…

24 Oct 2022 11AM 15 min

SA faces risk of fuel shedding, warns liquified fuels body.

Peter Morgan, CEO of the LWFA, said in an interview with Business Report last week that it was time that the country addressed this matter once and for all. “Sixteen years later we still don’t have agreement between the regulator and the oil majors on how much strategic stock we…

24 Oct 2022 11AM 9 min

Rishi Sunak set to be UK’s next prime minister.

Rishi Sunak, Britain’s third prime minister in seven weeks, will face the huge challenge of projecting stability after a period of historic political and financial market chaos. But his other task — shepherding the country through a recession — is poised to be just as daunting. The pound rose against…

24 Oct 2022 11AM 12 min

Rising opportunities within Footgolf.

If you haven’t heard of FootGolf before, it is a precision sport where players kick a soccer ball into a cup in as few shots as possible. Players use a shortened golf course with large holes and keep score like you would in golf. Not only is this an interesting…

20 Oct 2022 4AM 11 min

PIVOT POINT: Thulani Sibeko - Standard Bank Chief Brand & Marketing Officer.

Thulani is a Business leader and Marketing & Communication executive. Demonstrated results in the consumer goods, telecommunications and financial services industries. Studied or worked in South Africa, Zimbabwe, USA, U.K. and Switzerland - with regional leadership experience in Africa, Middle East, Eastern Europe and India. Skilled in Leadership and People…

20 Oct 2022 4AM 25 min

INSIDE YOUR POCKET: The connection between mind and money.

The connection between mind and money: Understanding how debt can hurt your mental health. In a world where we face mounting financial pressure, it becomes increasingly difficult to stick to the confines of our budget and keep our spending in order. Rising interest and inflation combined with skyrocketing fuel costs…

20 Oct 2022 3AM 10 min

Clicks surges as it ups full-year profit by a third.

Retail-led healthcare group Clicks on Thursday reported a 33.5% rise in profits for the year ended August 2022, with group diluted headline earnings per share (Heps) increasing to 1 032.7 cents, up from 773.6 cents in the previous period – bumped up by a strong recovery in the beauty category,…

20 Oct 2022 3AM 10 min

Liz Truss Resigns, will be UK’s shortest-ruling prime minister.

British Prime Minister Liz Truss has announced she will stand down as leader of the Conservative party, just six weeks after she was appointed, after her policies triggered economic turmoil and sharply divided the party. Speaking outside her Downing Steet office on Thursday, Truss said she could not deliver the…

20 Oct 2022 3AM 9 min

Nungu Diamonds - an all-black, proudly South African jeweler.

What started as a wholesale retailer by married couple Kealeboga and Ursula Pule in 2013 has evolved into a private jewellery retailer which prides itself on providing bespoke diamond experiences. The brand which offers exclusive jewellery designs, has created masterpieces for high profile clientele and celebrities such as, Somizi Mhlongo…

20 Oct 2022 1AM 11 min

Reserve Bank seizes former Steinhoff CEO Markus Jooste’s assets – what they took

The South African Reserve Bank (SARB) has seized assets belonging to former Steinhoff CEO Markus Jooste. This comes five years after severe financial misconduct at global holding company Steinhoff International became one of South Africa’s largest corporate scandals. The financial maladministration and fraud ultimately led to a 95% crash in…

19 Oct 2022 10AM 9 min

CPI eases slightly, in line with market expectations.

Annual consumer price inflation slowed marginally to 7.5% in September from 7.6% in August, edging down further from the 13-year high of 7.8% recorded in July. The easing of inflation was mainly driven by fuel prices declining for a second consecutive month, contributing to the softer headline rate. However, food…

19 Oct 2022 10AM 10 min

INSIDE YOUR BUSINESS: Overcoming Barriers to Energy Access in Southern Africa.

There are multiple dimensions to the problem of energy access in Sub-Saharan Africa, where large shares of population lack a reliable supply of electricity and affordable modern cooking fuels: from insufficient power generation capacity, to difficulties in managing energy infrastructure and attract investments in the sector, to challenges in serving…

19 Oct 2022 10AM 16 min

LEGALLY SPEAKING: Workers, families bear the brunt as more employers fail to pay

LEGALLY SPEAKING: Workers, families bear the brunt as more employers fail to pay retirement contributions.. The lifting of Covid-19 restrictions resulted in a busier year for the Pension Funds Adjudicator. Complaints came thick and fast, jumping by 26% in the year ended in March 2022, compared to when South Africa…

19 Oct 2022 10AM 16 min

EKASINOMICS: This start-up digitises SA’s notorious minibus taxi industry.

A South African mobility tech start-up with a mission to digitise the country’s notorious minibus taxi industry has raised an undisclosed amount in pre-seed funding from leading angel investors. This, says Loop founder Imtiyaaz Riley, enables the business to roll out geolocation technology and digital payments. Founded in 2021 by…

19 Oct 2022 10AM 16 min

TymeBank empowers Spaza Shops with Khona La Local Stores.

TymeBank has partnered with Khona La Local Stores to empower local businesses in Daveyton, Ekurhuleni with an affordable solution that makes it easy for customers to make cashless payments. TymeBank’s point-of-sale solution, TymePOS, is an app that turns any NFC-enabled cell phone into a tap-and-go payment device for debit and…

19 Oct 2022 10AM 12 min

SATAWU/ UNTU divisions at TRANSNET could further impact the economy.

The South African transport and allied workers union (SATAWU) has vowed to continue striking at Transnet, calling the entity's three-year wage deal with the united national transport union (UNTU) a "betrayal" of workers. on Monday afternoon, Transnet announced that it had reached a three-year deal with UNTU, the largest union…

18 Oct 2022 10AM 12 min

STATS SA Gender Series Volume IX: Women Empowerment.

The Gender Series IX report on women empowerment released by Statistics South Africa today indicates a steady increase in women's share in the working-age population over the last 5 years. Despite more females in the labour force, males have higher employment rates than their female counterparts. The gender gap of…

18 Oct 2022 9AM 9 min

ITS MY HOUSE: It can happen to anyone – here are 10 common real estate scams.

It can happen to anyone – here are 10 common real estate scams and ways to spot them. Buying a new home, especially for the first time, can be nerve-wracking. And with an increase in property fraud, you just never know who to trust. Is that listing online even real?…

18 Oct 2022 9AM 20 min

TECH & INNOVATION: SA's app economy sees tenfold growth.

South Africa’s app economy has grown tenfold over the past two years and is tipped for more growth, driven by the booming internet penetration and an increase in mobile-first consumers. This emerged during the recent App Growth and Marketing Insights Summit, organised by peer-to-peer file-sharing app SHAREit, in partnership with…

18 Oct 2022 9AM 8 min

U.K. prime minister fires finance chief amid economic turmoil.

British Prime Minister Liz Truss on Friday scrapped another key tax-cutting policy after firing her finance minister, in a bid to placate markets after the government’s controversial “mini-budget.” “It is clear that parts of our mini-budget went further and faster than markets were expecting,” Truss said in a brief press…

17 Oct 2022 1AM 10 min