Kaya Biz

Dis-Chem letter: The conundrum that business often struggles with transformation

Dis-Chem letter: The conundrum that business often struggles with driving transformation and developing skills at the same time. JSE-listed pharmaceutical retailer Dis-Chem has issued a moratorium on hiring white people to improve its employment equity profile. In a letter to senior management dated September 19, founder and CEO Ivan Saltzman…

17 Oct 2022 1AM 22 min

Wealth Creation: Retirement expectations vs reality in South Africa.

Financial services firm 10X Investments has published the fifth edition of its South African Retirement Reality Report 2022, noting that warnings of the last four years have had little effect, and retirement still holds the prospect of deprivation and disempowerment for most in the country. The economic pain of the…

17 Oct 2022 1AM 6 min

CAREERS CORNER: Betrayed at work here's how to move forward in your career.

So why does professional betrayal happen so often in businesses? Why are the most successful professionals targeted by the weakest, who are allowed to seemingly "get away with it?" In our society today we see this played out publicly - Capt. Brett Crozier is the most recent standout of this…

17 Oct 2022 1AM 12 min

Chaos at Beitbridge border post as Zimbabwe introduces new tolls.

Government is working on a number of infrastructural projects meant to transform and grow the economy and these include the ongoing US$300 million Beitbridge Border Post Modernisation project, The Lake Gwayi-Shangani, the Harare-Beitbridge Highway, several dams across the country, rehabilitation of irrigation schemes and many other such projects meant to…

17 Oct 2022 1AM 18 min

Momentum-Unisa Consumer Financial Vulnerability Index.

Momentum-Unisa Consumer Financial Vulnerability Index - Tips to improve consumer financial resilience. The overall state of South African consumers’ finances improved slightly in the third quarter of 2022 (Q3 2022) but remained under pressure. The Momentum-Unisa Consumer Financial Vulnerability Index (CFVI) increased from 48.9 points in Q2 2022 to a…

17 Oct 2022 1AM 11 min

Absa Africa FMI shows improving market infrastructure in majority of countries.

Absa Africa Financial Markets Index shows improving market infrastructure in majority of countries in the region. African countries have responded positively to the need to develop domestic financial markets to protect economies from external shocks, OMFIF’s 2022 Absa Africa Financial Markets Index reveals. Even as challenging market conditions weighed on…

13 Oct 2022 6AM 12 min

South African savings growth reached a record in 2021, but outlook bleaker.

For the third year in a row, global financial assets grew by double-digits in 2021, reaching €233-trillion, the ‘Allianz Global Wealth Report 2022’ shows. The report indicates that, in retrospect, 2021 might have been the last year of the old “new normal”, with bullish stock markets powered by monetary policy.

13 Oct 2022 6AM 5 min

INSIDE YOUR POCKET: Access to financial innovation is key to resilient economy.

Access to financial innovation is key to a resilient millennial economy. South Africa’s millennial population is positioned at the intersection of financial innovation and illiteracy. At a time when people are heavily indebted, and the increasing cost of living has put additional stress on everyone – millennials are seeking financial…

13 Oct 2022 6AM 14 min

PIVOT POINT: Zama Phakathi-Rambau identifies gap for black women in insurance.

The founder and CEO of Splendid Cover, Zama Phakathi-Rambau, is an astute businesswoman boldly navigating the business world in an endeavour to reach the top of business success. Phakathi-Rambau is now one of the few black women to get into the insurance business sector and currently holds ownership and leadership…

13 Oct 2022 6AM 18 min

ABSIP 2022 Financial Services Sector Awards.

ABSIP 2022 Financial Services Sector Awards Issued by ABSIP President, Ms Polo Leteka JOHANNESBURG, 12 OCTOBER, The Association of Black Securities and Investment Professionals (ABSIP) invites key stakeholders, partners and members to the ABSIP 2022 Financial Services Sector awards on the 3 rd of November 2022 in Johannesburg. The ABSIP…

13 Oct 2022 6AM 20 min

Up to 80% of SME startups will fail within 5 years - here's how tech can help.

Technology has a powerful role to play in enabling SMEs and entrepreneurs to compete with larger organisations with access to more resources. Yellow, an African fintech startup that supplies solar home systems in Malawi and Uganda, announced that it was able to grow its revenue by 1,500% and scale its…

13 Oct 2022 6AM 8 min

IMF downgrades SA’s GDP growth forecasts.

IMF downgrades SA’s GDP growth forecasts, sees a third of global economy contracting. The forecasts were laid out in the International Monetary Fund’s (IMF’s) latest World Economic Outlook, which coincides with the fund’s annual meetings in Washington. It has downgraded its outlook for South African economic growth, lowering its 2022…

12 Oct 2022 8AM 12 min

85% chance of greylisting - SA must prepare for greater scrutiny.

85% chance of greylisting - South Africans must prepare for greater scrutiny, report finds. The pending decision by the global Financial Action Task Team (FATF) on whether to greylist SA is a "sword of Damocles" hanging over the economy with an 85% probability of falling, says a new research report…

12 Oct 2022 8AM 12 min

Why prioritizing mental health is essential to your business strategy.

The most important part of good mental health management is twofold: intention and action. You need to genuinely care about the mental wellbeing of your employees, and then you need to take concrete steps to help support them. But these steps don’t need to be giant, and they don’t need…

12 Oct 2022 8AM 10 min

Has remote working turned SMMEs into any easy target for cyberattacks?

In today’s interconnected world, effective cybersecurity is as important to the success of any business as capital funding, skills mix, innovation and good management. This is especially true since the widespread move to remote and hybrid working over the past two years, which has made both individuals and organisations more…

12 Oct 2022 8AM 9 min

TECH & INNOVATION: Making it easier to get legal help.

They want to make it easier for the average South African to quickly get legal help when they need it. Legal Standpoint is an app-based legal tech startup working to democratize legal education and legal services. In essence, we want to help South Africans understand the law better and be…

11 Oct 2022 5AM 17 min

More tenants paying on time – except for rentals above R25 000.

More tenants are paying their rent on time - barring rentals above R25 000 per month, according to the latest Residential Rental Market Monitor by the credit bureau TPN. In the second quarter of this year, there was an improvement in tenants in good standing in all rental segments, except…

11 Oct 2022 5AM 18 min

ITS MY HOUSE - The pros and cons of subletting a property.

Property subletting is becoming popular in South Africa, largely because of aggressive interest rate increases and the high cost of living. Many people look for subtenants to help them pay their rent, while others seek to sublet if they’re moving elsewhere and can’t get out of their current lease. Subletting…

11 Oct 2022 5AM 16 min

Warning for businesses in South Africa as liquidations soar.

Business liquidations soared 44.8% in the year to August 2022, data from StatsSA showed, while fewer businesses entered business rescue in a clear sign that many are assessing their financial positions too late. This is according to Eric Levenstein, director and head of the Business Rescue, Restructuring and Insolvency practice…

11 Oct 2022 5AM 10 min

Trasnet strike – impact on labour.

Has labour faced significant concerns about its lack of participation in the economy? The United National Transport Union (Untu) has rejected Transnet’s latest offer of a 4% to 5% salary increase, subject to employee grade levels, during what it calls “a marathon CCMA-facilitated session”. It notes, however, that Transnet’s offer…

11 Oct 2022 5AM 10 min