Kaya Biz

South Africa repeals Covid rules on mask-wearing, gatherings, entry.

South Africa has repealed Covid-19 restrictions on mask-wearing in indoor public spaces, limits on the size of gatherings and entry requirements at its borders, a notice in the government gazette showed. In the brief notice, Health Minister Joe Phaahla said he had repealed regulations promulgated in May under the National…

23 Jun 2022 6AM 9 min

PIVOT POINT: Pitso Mosimane launches soccer school in a bid to unearth local talent.

Pitso Mosimane is the current Manager at Al Ahly SC in the Egyptian Premier League having left Mamelodi Sundowns Football Club in September 2020. Pitso had been with the South African Club for almost eight years and led the team to 5 Premier League titles and a CAF Champions League…

23 Jun 2022 6AM 27 min

INSIDE YOUR POCKET: With Interest rates, energy prices and inflation all rising - How to cope with high costs of living.

The cost of living is on the rise and your hip pocket might be feeling emptier than usual, so we asked our readers to share their tips on coping with rising expenses. Here are some of the ways they're curbing their spending, as well as money-saving advice from experts.

23 Jun 2022 6AM 8 min

Coca-Cola retrenchments breached merger conditions, watchdog rules.

The Competition Appeal Court has ruled that there was a breach of merger conditions when Coca-Cola Beverages SA retrenched 368 bargaining unit employees in 2019. The ruling, which relates to two mergers involving Coca-Cola, could result in merger approval being revoked - or in an administrative penalty or an order…

23 Jun 2022 6AM 14 min

Transnet, Sasol, Total, and the apartheid-era pricing deal. Why ConCourt agreed it should end.

The Constitutional Court has ruled that Transnet was entitled to terminate a long-term pricing agreement, put in place in the apartheid era, and relating to the transportation of crude oil to Sasol and Total. Judge Mbuyiseli Madlanga handed down the judgment on Tuesday.

23 Jun 2022 6AM 9 min

How to survive Cyril’s economy.

David “Slaying Goliath” Tshabalala uses his visual art to tell a story of the status quo. He cleverly uses art to express what is going on, without using many words too.

22 Jun 2022 5AM 10 min

EKASINOMICS - This entrepreneur started work as a gardener in high school – now Pick n Pay sells his coffee.

Growing up in rural KwaZulu-Natal, Sihle Magubane worked as a gardener and pizza maker while in high school to make ends meet. Today, he owns a successful coffee brand, with products available in more than 350 Pick n Pay stores across South Africa. Magubane was born in the small village…

22 Jun 2022 5AM 12 min

INSIDE YOUR BUSINESS: What are the different types of companies in South Africa.

Identifying the structure or type of entity to suit your company’s needs, is vital to any successful business. This decision will largely impact on the manner in which the company is administrated and regulated and has to suit the nature of your business and its memo operandi. The Companies Act…

22 Jun 2022 5AM 19 min

Transnet to issue a tender for new locomotives in July in an attempt to keep key customers in the mining industry.

In a bid to improve on its operational performance, clear logistic backlogs, and claw itself out of its financial predicament, Transnet has confirmed that it will issue a tender for the procurement of new locomotives next month. This comes after Transnet Group CEO Portia Derby told Business Day that the…

22 Jun 2022 5AM 17 min

Inflation hits 5-year high in South Africa – here’s what is more expensive.

Statistics South Africa has published its latest consumer price index, showing that annual consumer price inflation has broken through the upper limit of the Reserve Bank’s target range.Inflation was recorded at 6.5% in May 2022, up from 5.9% in April 2022.

22 Jun 2022 5AM 7 min

14th BRICS Summit reaction especially since this is Putin’s first multilateral meeting since he launched war.

South Africa has benefited from increased trade with other countries in the BRICS grouping and the synergies that come with joint efforts against the pandemic, South African President Cyril Ramaphosa said in highlighting the opportunities created by greater cooperation. Ramaphosa will join the leaders of the other emerging economies－Brazil, Russia,…

22 Jun 2022 5AM 11 min

South African app that takes the guesswork out of your food - from best prices to ingredients.

KnowitWorld is a food information platform that was founded in 2019 by 3-year old Indian native, Abhijit Nath and 26 -year old South African, Matthew Gearing. This platform helps consumers get to know the food they love on a deeper level by either searching the product or scanning its barcode.

21 Jun 2022 6AM 8 min

Fewer skills result in more costs for healthcare in SA – what are we going to do?

Part of South Africa’s economic woes includes the significant shortage of skilled workers in critical industries. Nowhere is this more apparent than in our nation’s healthcare sector. Not only is there a major shortage of doctors, but there is a critical need for more nurses as well. This has a…

21 Jun 2022 6AM 13 min

ITS MY HOUSE: selling property? Why you're struggling, and how to make it attractive to buyers

The number one reason why property does not sell is because it is overpriced relative to similar properties or relative to the current market conditions.

21 Jun 2022 5AM 20 min

FlySafair is spreading its wings to the rest of Africa – with flights for Kenya, Zambia and more.

Low-cost carrier FlySafair is looking to expand beyond South Africa's borders, with flights planned for 10 new destinations on the continent. Since first taking to the skies eight years ago, FlySafair has focused all its energy on South Africa's domestic market. During that time, South Africa's turbulent aviation sector has…

21 Jun 2022 5AM 17 min

Hundreds of NUMSA-affiliated mineworkers gather at Impala mine for strike.

Hundreds of workers affiliated with metalworkers' union Numsa have gathered near shaft 8 of the Impala Platinum Mine in Freedom Park near Rustenburg on the second day of the indefinite strike over the alleged exploitation of workers at three companies contracted to supply services to the mine. Numsa claims that…

21 Jun 2022 5AM 10 min

Edgars makes big delivery push in South Africa.

Edgars, recently acquired by the Retailability group, has announced a major new delivery push in South Africa. The retailer said this will include a partnership with last-mile logistics company Pargo for nationwide click-and-collect services

21 Jun 2022 5AM 4 min

Omnia declares R1.4bn dividend, boasts 123% growth in operating profit.

JSE-listed chemicals manufacturing group Omnia Holdings experienced favourable market conditions in the agriculture and mining sectors in the financial year ended March 31, including high commodity prices, which helped boost its operating profit by 123% year-on-year to R1.7-billion. The board declared a total shareholder distribution of R1.4-billion, comprising an ordinary…

20 Jun 2022 4AM 11 min

Update on the Trucking strike which the Road Freight Association says has already cost R300 million to the economy.

The Road Freight Association (RFA) agrees with, and supports, the implementation plan published today. The RFA has been part of the Ministerial Task Team since its very inception and its first meeting in KwaZulu-Natal (KZN). It has also attended all the later Task Team meetings run by the Department of…

20 Jun 2022 4AM 6 min

WEALTH CREATION: Crypto’s Excruciating Week Has Traders Bracing for Next Crisis.

It was one of the most dramatic weeks in the short history of the cryptocurrency market, bookended by the type of announcements investors fear the most from a counterparty: We’re sorry, but we just can’t return your money right now. In between, a nascent technocratic industry with grand ambitions to…

20 Jun 2022 4AM 14 min