Kaya Biz

SA Economy Requires R3.4TRN To Recover

The South African economy will require funding of an estimated R3.4 trillion in the next three years, excluding off-balance-sheet infrastructure projects, says Martin Kingston, executive chair of Business for SA.

9 Sep 2020 1PM 4 min

Shoprite SA Close Stores In Kenya

South Africa’s Shoprite Holdings said on Tuesday it expected to close or dispose of its remaining two stores in Kenya in the year ahead, leaving the East African country after opening its first store there more than two years ago.

8 Sep 2020 1PM 8 min

GDP Figures And The Property Industry

GDP shrank by 51% in the period through June from the previous quarter, compared with a revised 1.8 percent contraction in the first three months, according to Statistics South Africa (StatsSA) today. Tim Akinnusi, CEO of MortageMarket.co.za

8 Sep 2020 1PM 7 min

Unpack Stats SA GDP Figures For End Quarter

South Africa’s Gross Domestic Product (GDP) for the second quarter of 2020 shrank by a mammoth 51%, mainly as a result of the Covid-19 lockdown coming into effect during that period, a report by Stats SA shows.

8 Sep 2020 1PM 5 min

Prescription VS Impact Investments

The issue of prescribed assets has been raised several times as a potential source of funding in relation to both State Owned Entity (SOE) debt, as well as in respect of investment to support developmental imperatives for South Africa.

7 Sep 2020 1PM 16 min

Clicks Saga - Looking At Policies To Avoid Descriminating/Corporate Culture

In light of the events surrounding the Clicks advert, there is a question of " What policies should be put in place in the workplace to avoid insensitive and discriminatory advertising?."

7 Sep 2020 1PM 9 min

Clicks Saga

The potential strength of consumer activism spoke loud and clear in the 6% drop in the Clicks share price in the wake of the insulting hair products advert it posted on its website last week.

7 Sep 2020 1PM 8 min

What To Expect From South Africa’s Second-quarter GDP Data

Statistics South Africa (StatsSA) will publish the results of South Africa’s Gross Domestic Product (GDP) for the second quarter of 2020, on Tuesday (8 September), providing a clearer picture of the severity of the economic impact of Covid-19.

7 Sep 2020 1PM 4 min

The Pivot Point

Bathabile Mpofu is a social entrepreneur and the MD of Nkazimulo Applied Sciences, an organisation that aims to help young people become scientists.

3 Sep 2020 1PM 10 min

Facebook Providing Grant To SMBs In SA

As part of its broader commitment to helping support small business owners in their economic recovery following the pandemic, Facebook is listening to the challenges these entrepreneurs are facing and is providing useful resources for them during this difficult and uncertain year.

3 Sep 2020 1PM 9 min

SA Vehicle Sales Take Another Hit As Export Volumes Declines

The car rental industry bought only 8 vehicles in August, or 0.04 percent of new vehicle sales, compared with 18 percent in August 2019, due to the massive blow to the tourism industry of the Covid-19 pandemic.

3 Sep 2020 1PM 6 min

Ethiopian Airlines Group In Talks With South African Airways

Ethiopian Airlines Group is among companies in talks with South Africa’s government about potentially offering support to the country’s insolvent state airline, according to people familiar with the matter.

3 Sep 2020 1PM 6 min

BEE In A Covid World Is It Still Working.

Broad Based Black Economic Empowerment (BBBEE) legislation has been a fixture in the South African business landscape for a while, as early as 2003, and has, to an extent, changed the economic landscape of business in country.

2 Sep 2020 1PM 8 min

COVID-19 Tax Relief For Pay As You Earn (PAYE)

On 21st April 2020 President Ramaphosa announced additional measures to assist employers to provide financial stability to their employees. One of these measures includes a 35% deferral on the monthly PAYE liability owed to SARS for the months of April, May, June and July 2020.

2 Sep 2020 1PM 9 min

Coca-Cola Beverages South Africa

As more of the economy reopens under level 2 of the Covid-19 lockdown, Coca-Cola Beverages South Africa (CCBSA) has announced that it would be re-establishing its Youth Empowerment Programme (YEP), which aims to equip township youth with the skills and knowledge they need to potentially manage “Bizniz in a Box”…

2 Sep 2020 1PM 7 min

Covid-19 Relief Funds Audit

Besides red flags such as payments to deceased people, duplicate payments and overpayments in the Unemployment Insurance Fund (UIF) Covid-19 benefit scheme, Auditor General (AG) Kimi Makwetu also flagged government officials applying and benefitting from the scheme, in the agency’s Covid-19 Relief Funds Audit.

2 Sep 2020 1PM 5 min

Innovation

MTN has launched a contract-free option for new and existing clients who don’t want to be locked into their more traditional 24-month deals.

1 Sep 2020 1PM 11 min

Vodacom's New Gender-Neutral Parental Leave Policy

Vodacom has announced a New Gender-Neutral Parental Leave Policy which will offer equal time off to all parents. The telco said that all its employees, regardless of their gender and sexual orientation, will be offered 16 weeks (four months) of fully paid parental leave.

1 Sep 2020 1PM 9 min

State-Owned Companies Requesting For Funding

A number of State-Owned Companies have requested billions of rands in funding from the government to help them weather the impact of the coronavirus crisis, National Treasury said in a parliamentary presentation on Tuesday.

1 Sep 2020 1PM 8 min

Wealth Creation

Platinum holdings in ETFs have surged to a record, raising the prospect of a catch-up rally for the precious metal after months of lagging gold and silver.

31 Aug 2020 1PM 9 min