Kaya Biz

Salaries Are Not Being Paid

New payroll data shows almost 21% fewer salary payments were made in South Africa in June, compared to the same month last year.

30 Jul 2020 1PM 5 min

Central Supplier Database (CSD)

Let us clarify the myths and facts around Public Procurement and Government as a system. It is important to pay attention to what is being said by government to determine how this impact on the industry you operate in and what opportunities these statements might open up for or implicate…

30 Jul 2020 1PM 24 min

Inside Your Business

SiMODiSA Association has been established as a powerful industry led initiative to specifically address – and determine – what can be done to overcome the barriers that SMEs and start-ups face.

29 Jul 2020 1PM 13 min

Anglo Zimele Supports BEE Enterprises

Zimele has been running since 1989 and supports sustainable small and medium enterprises, particularly in rural and peri-urban mining communities. Anglo Zimele supports BEE enterprises through equity and loan finance.

29 Jul 2020 1PM 8 min

South Africa’s Sky-High Electricity Tariffs

Higher tariffs will pile more pressure on cash-strapped households and businesses buckling under the impact of the COVID-19 pandemic but they'll be a relief for the state utility, which is gripped in financial crisis and has long said that the regulator had treated it unfairly.

29 Jul 2020 1PM 5 min

Long-Term Saving Mistakes To Avoid

As we wind up savings month, it is useful to pause and think about how we plan to approach our personal finances for the rest of the year. Now we know that we are notoriously bad at saving in South Africa.

28 Jul 2020 1PM 12 min

The International Monetary Fund

The International Monetary Fund's executive board has agreed to extend a $4.3 billion (R70 billion) loan to support South Africa's response to the impacts of Covid-19 on the economy.

28 Jul 2020 1PM 18 min

Steinhoff’s R19 Billion Settlement Plan

Dutch shareholder association European Investors-VEB is the first party to publicly endorse Steinhoff’s proposed €1 billion (R19 billion) settlement, which is aimed at bringing an end to a long drawn-out and extremely expensive legal battle.

28 Jul 2020 1PM 7 min

New Repo Rate Presents Great Opportunity For Hungry Investors

Contrary to popular opinion, the new repo rate will result in investors with solid balance sheets lining up for opportunities. This is the belief of John Jack, CEO of Galetti Corporate Real Estate. As announced by the South African Reserve Bank on 23 July, the repo rate now sits at…

27 Jul 2020 1PM 12 min

Business Interruption Insurance Claims

South Africa’s largest short-term insurer has agreed to pay up to R1-billion in urgent relief to policyholders whose business interruption insurance claims have been rejected by the insurer which argued that the lockdown is not covered under its policies.

27 Jul 2020 1PM 9 min

Gold Spot Price Rocketed To Its Highest Price

The precious metal has been rallying as the dollar slumped to its weakest levels against the euro in 22 months. The dollar is traditionally an investment competitor to gold.

27 Jul 2020 1PM 6 min

The Government-Backed Covid-19 Loan Plan

The loans are aimed at bolstering businesses amid the carnage caused by the coronavirus pandemic.The loans are available at prime (currently 7%), guaranteed by government and available via banks.

27 Jul 2020 1PM 7 min

The Pivot Point

Shadrack's background in management consulting led to him co-founding Coronet Blockchain. A supply chain digital infrastructure built on IBM Blockchain, Coronet Blockchain ensures that the 100 million human hair extensions sold every year to 24 million consumers guarantees the 100% quality it promises.

23 Jul 2020 1PM 6 min

Monetary Policy Committee Cuts Interest Rates

The Reserve Bank has introduced a 25 basis points rate cut, with Governor Lesetja Kganyago saying inflation is expected to be "well contained" in the medium term. Kganyago on Thursday announced that the Monetary Policy Committee was divided on the decision.

23 Jul 2020 1PM 5 min

Vodacom Results

South African mobile operator Vodacom Group Ltd (VODJ.J) on Thursday reported a 7.6% rise in first-quarter group service revenue, buoyed by strong demand for voice, data and financial services in its domestic market during the coronavirus lockdown.

23 Jul 2020 1PM 4 min

The Unemployment Insurance Fund (UIF)

The Unemployment Insurance Fund (UIF) has confirmed that along with the Department of Employment and Labour, government will continue with the COVID-19 temporary relief scheme for another six weeks.

23 Jul 2020 1PM 7 min

Central Supplier Database (CSD)

Government introduced the Central Supplier Database (CSD), to reduce the cost of doing business with government with suppliers. Suppliers believe that they receive fake RFQs since they registered on the CSD, which is not the case.

23 Jul 2020 1PM 23 min

Survey Reveals SA SMME's Are In Distress

Newly released research by TransUnion suggests that SMMEs will continue to operate in a very difficult environment for the foreseeable future. The study shows that nine in ten (90%) small businesses in South Africa are struggling or temporarily closed as a result of the impact of the COVID-19 pandemic.

22 Jul 2020 1PM 13 min

Johannesburg Stock Exchange Lists First China Focused ETF

The Johannesburg Stock Exchange (JSE) today lists its first China-focused Exchange Traded Fund (ETF), the Satrix MSCI China ETF. This ETF will track the MSCI China Index which will provide investors access to the broader Chinese equity market.

22 Jul 2020 1PM 8 min

"Million Seats On The Street"

The restaurants across the country took part in the 'Million Seats On The Street' protest to appeal to government to relax COVID-19 lockdown regulations.

22 Jul 2020 1PM 10 min