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
2880 – 2900

PIVOT POINT: In conversation with Funeka Ngewu, Head of Claims at Momentum.

Funeka Ngewu, Head of Claims at Momentum Insure, has more than nineteen years’ experience in the financial industry, specifically insurance, with a core focus on client experience and employee development. She has held various management roles including roles in Claims, Administrations Salvage departments. With various management courses certifications from the…
18 Aug 2022 1AM 23 min

Court documents reveal why SA has a 5-year driving licence card renewal period.

Civil rights organisation AfriForum says that the apparent reason for the five-year driving licence card renewal period in South Africa is due to the quality of the material of the card, which would not last more than that period, citing court documents filed by transport minister, Fikile Mbalula. Further reasons…
18 Aug 2022 1AM 9 min

Is the Reserve Bank protecting Ramaphosa? – Analysis on Phalaphala robbery.

Members of Parliament (MPs) want answers from the South African Reserve Bank (Sarb) about its investigation into President Cyril Ramaphosa’s alleged missing US dollars that were stolen at his Phala Phala game farm. Members of the Standing Committee on Finance want the country’s central bank to give it an update…
17 Aug 2022 1AM 10 min

Customs duty decision delays are hampering billions of rands in investment.

Consultancy XA Global Trade Advisors says billions of rands in revenue have been lost to the fiscus owing to long overdue customs duty decision-making, while also having more far-reaching implications for industries and trade and investment. If all of the cases that required changes to customs duties had been finalised…
17 Aug 2022 1AM 7 min

INSIDE YOUR BUSINESS: MIC wants to invest R150m in SA businesses.

The Mineworkers Investment Company (MIC) wants to invest R150 million in emerging black-owned businesses. The MIC, through its venture capital initiative, MIC Khulisani Ventures, has launch the second window of applications to support what it calls high growth potential and innovative businesses. It is offering this financial support because it…
17 Aug 2022 1AM 13 min

LEGALLY SPEAKING: Legality regulating use of cannabis from an employment view.

We all remember the unbe-weed-able 2018 Constitutional Court case of Minister of Justice and Constitutional Development and Others v Prince and Others which dramatically altered the legal position regulating the private and recreational use of cannabis. The court ultimately held that prohibiting the cultivation or use of cannabis in an…
17 Aug 2022 1AM 16 min

Fears government will hijack expected fuel price cuts to fund GFIP.

Concerns are being expressed that the government may hijack the consumer benefits of an expected reduction in fuel prices and use them to pay for the Gauteng Freeway Improvement Project (GFIP). Organisation Undoing Tax Abuse (Outa) CEO Wayne Duvenage said on Tuesday the organisation is concerned that Minister of Finance…
17 Aug 2022 1AM 11 min

Think Creative Africa launches wearable electronic breast pump MiLQ.

The founders of Think Creative Africa, Nkgabiseng Motau and Mukondi Kgomo have launched an electronic, hands-free, rechargeable, wearable breast pump. What began as a personal quest for a solution that would significantly and positively change their daily lives, has segued into MilQ - A breast pump that provides an innovative…
16 Aug 2022 2AM 12 min

WITS’ Innovation for powering homes without electricity.

WITS’ innovation for powering homes without electricity will launch in June In 2019, PeCo Power (Pty) Ltd was spun out of WITS University as an endeavour to commercialise an innovative Smart Mini-Grid. The Smart Mini-Grid was born from WITS University School of Electrical and Information Engineering as a solution to…
16 Aug 2022 2AM 13 min

Rain forced to withdraw Telkom merger statement.

Rain has withdrawn its announcement stating that it submitted a merger proposal to the Telkom board. “As Rain, we are pleased with Telkom’s SENS announcement stating that if an offer or formal proposal is received from Rain, the board of Telkom will consider it,” the company said.
16 Aug 2022 2AM 10 min

Thungela returns R8.2 billion to shareholders after a record half-year.

Thungela Resources has declared an interim dividend of R8.2 billion, or R60 per share, following a record half-year in which profit rocketed on the back of strong export coal prices. The coal miner, which was spun out of Anglo American in June last year, reported profit of R9.6 billion compared…
16 Aug 2022 2AM 10 min

Old Mutual approves new black empowerment share scheme.

Qualifying Black South Africans – including lower-income earners and Old Mutual employees – will now be able to buy the insurance giant’s shares at relatively low prices through its newest black empowerment-focused ownership scheme, Bula Tsela (‘pave the way’ in Sesotho). Old Mutual shareholders approved the broad-based black economic empowerment…
16 Aug 2022 2AM 11 min

Avocados are 40% cheaper due to higher harvests, but consumers cant afford.

The number of avocados harvested from orchards has resulted in large volumes of the green-single-seeded fruit, driving prices considerably lower than a year ago. Prices for avocados have dropped 40% from last year this time, to cost as little as R11 per kilogram, Dr Johnny van der Merwe, managing director…
15 Aug 2022 2AM 10 min

Pick 'n Pay launches new lower-price QualiSave brand.

South African retail giant Pick n Pay is targeting the middle market with a new range of QualiSave stores, which promises to offer essential items at lower prices, accounting for 40% of company-owned supermarkets. Pick n Pay is splitting its brand in half as the retail battle for South Africa's…
15 Aug 2022 2AM 9 min

Absa profit jumps 30% as lending growth gains momentum.

Absa reported its "strongest half yet" in the six months to June 2022. The bank, which has been trying to claw back market share it lost under Barclays' rule, posted a 30% growth in its headline earnings. Its half-year dividend has more than doubled to 650c a share. Absa's biggest…
15 Aug 2022 2AM 9 min

CAREERS CORNER: A focus on women in finance.

This Women’s month, whilst we celebrate women across various industries - it is a stark reminder that the finance industry still underrepresent women. According to the latest PwC report on Executive directors: Practices and remuneration trends, released in January 2022, 95% of all CEOs on the JSE were male, 87.2%…
15 Aug 2022 2AM 16 min

What your employer thinks about before deciding how much to pay you.

Remuneration and HR consultancy, 21st Century, says that when one thinks of remuneration data, one tends to think of payroll data specifically. The group aims to broaden thinking about a bigger pool of data that could be a critical strategic tool for people managers and business leaders in the future…
15 Aug 2022 2AM 17 min
2880 – 2900