Kaya 959 Kaya Biz

Kaya Biz

At the helm of Gauteng’s biggest business radio show, Kaya Biz, is Gugulethu who will be leading the conversation on what is next for the Afropolitan business landscape. The show presents local and international business news, entrepreneurship, corporate and investment banking. Since its inception in May 2006 Kaya Biz has grown from a half-an-hour daily finance update to an hour show bringing compelling business news and market reviews to listeners.
Daily English South Africa Business News · Investing
5,391 Episodes
2820 – 2840

GDP shrinks by 0.7% in second quarter.

South Africa’s economy is smaller than it was before the coronavirus pandemic struck, after the worst flooding in almost three decades and severe power outages caused it to shrink in the second quarter. Gross domestic product contracted 0.7% in the three months to June, compared with downwardly revised growth of…
6 Sep 2022 5AM 9 min

Shoprite points to strong store growth and job creation in South Africa.

Shoprite on Tuesday (6 September) published its annual financial results showing a 9.6% increase in group sales – equating to an additional R16 billion spent by customers over the period, compared to 2021 which included an additional week of trade. The results, from continuing operations, for the financial year under…
6 Sep 2022 5AM 8 min

ITS MY HOUSE: How you can build equity - and pay less for your home.

What is home equity? And why do savvy homeowners focus on building up more of it? Berry Everitt, CEO of the Chas Everitt International property group, says the equity you have in your home is generally understood to mean the difference between the amount still outstanding on your home loan…
6 Sep 2022 5AM 13 min

Google announces five South African recipients in Black Business Fund.

Five South African startups among 60 others will receive a share of $4million in funding to support their programs. Startups from South Africa include Agrikool, CreditAIs, Mapha , Rekisa and Technovera. Each of the selected startups will receive support in the form of a 6 month training programme that includes…
6 Sep 2022 5AM 15 min

TECH & INNOVATION: LolaGreen, turning plastic waste into durable tiles.

The argument over the years has been circulating around looking for alternative replacements for plastics, or the 3Rs (Reduce, Reuse and Recycle). Some further argue that the most effective way to reduce plastic pollution is to not make them in the first place. Reality check appears otherwise. In short, there…
6 Sep 2022 5AM 9 min

Rand manipulation: After fund manager's $20m Ramaphosa bet flopped.

The South African co-founder of a UK hedge fund is alleged to conspired to manipulate the rand-dollar exchange rate after his bet that Cyril Ramaphosa's 2017 election as ANC leader would galvanise the rand failed to pan out as he had hoped. US federal prosecutors this week unsealed a 26-page…
5 Sep 2022 5AM 15 min

How the recent inflationary economic events have put cash back on the throne.

Global inflation is rising, central banks around the world are tightening policy rates, the US Federal Reserve is hiking rates in aggressive increments, and we are still faced with two expected rate hikes of 75 basis points before the year is up. According to Zisanda Gila, Portfolio manager at Momentum…
5 Sep 2022 5AM 17 min

CAREERS CORNER - What is 'quiet quitting'? All about the new workplace trend.

Quiet quitting is a rebellion against hustle culture. Here's how to tell if you're doing it. It may be the buzzword of 2022, but the origins of “quiet quitting” trace back to the start of COVID-19 in early 2020. The pandemic has impacted Americans’ daily lives in countless ways, including…
5 Sep 2022 5AM 19 min

A four-day work week would be great, but is SA ready?

A four-day work week is every employee’s dream and is attracting growing interest in countries around the world, including South Africa, but what does it entail? “Local employers must understand the model, decide if it will work for them and know how to implement it effectively,” says Kirk Kruger, master…
5 Sep 2022 5AM 16 min

Brain Drain of Female Chartered Accountants in South Africa.

Every year at least half of the South African university graduates entering the Chartered Accountancy (CA) profession as trainee CAs in public-practice audit, tax and advisory firms are women. However, despite important gains, according to the South African Institute of Chartered Accountants (SAICA)’s membership report, out of 50 324 accountant…
1 Sep 2022 4AM 15 min

Absa PMI rises above 50 in August.

Financial institution Absa’s seasonally adjusted Purchasing Managers’ Index (PMI) rose to 52.1 points in August from 47.6 in July. Following a tough start to the third quarter, an easing in the intensity of load-shedding meant that conditions in the manufacturing sector improved in August relative to July, the bank said…
1 Sep 2022 4AM 6 min

Santam hammered by worst natural catastrophe in its history.

The net underwriting margin for conventional insurance was 2.3% (June 2021: 6.7%), below the group’s target range of 5% to 10%. A significant contributor to the underwriting results were the devastating floods that affected KwaZulu-Natal (KZN) during April 2022. These were, however, offset to some extent by a reduction in…
1 Sep 2022 4AM 9 min

Shoprite's Money Market account evolves into fully-fledged bank account.

It’s official: Shoprite‘s Money Market Account is now a full-fledged, transactional bank account, the first ever offered by a South African retailer – and the lowest cost entry-level bank account on the market. Clients pay a flat R5 fee for cash withdrawals. Every other transaction is free, and there are…
31 Aug 2022 3AM 10 min

For sale: 5 million barrels of oil, owned by the SA government.

The Strategic Fuel Fund (SFF) has taken the first steps to sell a portion of SA's crude oil reserves by calling for bidders to register for pre-approval ahead of the bidding day. The proceeds of the sale – which it is hoped will be around R6 billion – will be…
31 Aug 2022 3AM 3 min

What investors look for before funding tech start-ups.

As media and ecosystem lead at AfricArena, Nathaniel Witbooi has peaked beyond the veil of investment, boasting high-level interaction with investors, start-ups and the ecosystem from a macro perspective. He believes the joys of being sector agnostic has accelerated his journey in understanding and learning from some of Africa’s finest…
31 Aug 2022 3AM 15 min

LEGALLY SPEAKING: Bankruptcy in South Africa - ins and outs.

As a result of high inflation, more and more South Africans are finding themselves with insurmountable debt. If you’re deeply in debt, filing for bankruptcy could allow you to rebuild your financial life. However, this is something to consider only after you’ve exhausted all other options. Here’s what you should…
31 Aug 2022 3AM 20 min

EKASINOMICS: Sovereign Africa Ratings - a black run sovereign ratings business.

Sovereign Africa Ratings (SAR), a new entrant in the highly competitive sovereign ratings business where it competes with the likes of Moodys’, Standard and Poors and Fitch, has appointed its first Chief Operating Officer, Mr Zwelibanzi Maziya. Dr Sifiso Falala, the founder of Sovereign Africa Ratings welcomed this new appointment…
31 Aug 2022 3AM 18 min
2820 – 2840