Kaya Biz

More tenants paying on time – except for rentals above R25 000.

More tenants are paying their rent on time - barring rentals above R25 000 per month, according to the latest Residential Rental Market Monitor by the credit bureau TPN. In the second quarter of this year, there was an improvement in tenants in good standing in all rental segments, except…

11 Oct 2022 5AM 18 min

ITS MY HOUSE - The pros and cons of subletting a property.

Property subletting is becoming popular in South Africa, largely because of aggressive interest rate increases and the high cost of living. Many people look for subtenants to help them pay their rent, while others seek to sublet if they’re moving elsewhere and can’t get out of their current lease. Subletting…

11 Oct 2022 5AM 16 min

Warning for businesses in South Africa as liquidations soar.

Business liquidations soared 44.8% in the year to August 2022, data from StatsSA showed, while fewer businesses entered business rescue in a clear sign that many are assessing their financial positions too late. This is according to Eric Levenstein, director and head of the Business Rescue, Restructuring and Insolvency practice…

11 Oct 2022 5AM 10 min

Trasnet strike – impact on labour.

Has labour faced significant concerns about its lack of participation in the economy? The United National Transport Union (Untu) has rejected Transnet’s latest offer of a 4% to 5% salary increase, subject to employee grade levels, during what it calls “a marathon CCMA-facilitated session”. It notes, however, that Transnet’s offer…

11 Oct 2022 5AM 10 min

JSE and NYSE announce collaboration on dual listings.

The Johannesburg Stock Exchange (JSE) and New York Stock Exchange (NYSE: ICE) have signed a memorandum of understanding to collaborate on the dual listing of companies on both exchanges. The collaboration is expected to increase opportunities for investors and issuers on both continents. According to a statement issued on Tuesday…

11 Oct 2022 5AM 9 min

The Transnet strike is going to cost the economy billions.

The economic crisis we have been trying to confront, one that has rendered most of our youth unemployed and seen real per capita incomes falling for eight years, requires a concerted effort between all social partners. Organised business has been seized with the challenge – partnering with government to create…

10 Oct 2022 9AM 11 min

South Africa on the brink of disaster.

Former reconstruction and development minister Jay Naidoo says South Africa is in serious trouble and is showing signs of a failed state. Naidoo is a seasoned politician who was the founding general secretary of the Congress of South African Trade Unions (Cosatu). He also served in former President Nelson Mandela’s…

10 Oct 2022 9AM 11 min

Wealth Creation: The danger of letting investment vehicles drive your investment

High inflation brings with it increased levels of financial stress due to the rising cost of living. During times of high inflation, especially when coupled with the levels of market volatility we are experiencing year-to-date, investors tend to re-examine their finances. This includes relooking their spending, budgets, and investments as…

10 Oct 2022 9AM 17 min

Careers Corner - To BCom or not to BCom?

In the fast-changing world of work and with South Africa’s high unemployment rates, many graduates (and their parents) are questioning the value of academic qualifications. Even the Bachelor of Commerce degree (BCom), previously considered the most sure-fire way to secure a job in business or finance, has come under the…

10 Oct 2022 9AM 14 min

Why organisations are pivoting from jobs to skills.

The world of work is changing. Greater technology adoption is happening more widely and frequently, diversity is essential, and the line between personal and professional continues to blur. These changes, some of which were exacerbated by the COVID-19 pandemic, present a once-in-a-generation opportunity for business leaders, governments and society to…

10 Oct 2022 9AM 16 min

Side hustles and taxes - Does the taxman need to know about your side hustle?

One in five city-dwelling South Africans have a side-hustle business in addition to their day job, this year’s Old Mutual Savings and Investment Monitor shows. Whether you are making lunch for colleagues at work, making clothes, pet-sitting, tutoring or delivering Uber Eats, if your side-hustle and day-job income together amount…

10 Oct 2022 9AM 13 min

Google to build SA cloud in R17,7bn Africa plan.

Google said it will set up an African cloud service, as part of its R17,7 billion investment plan for the continent, that will allow users to store their data in-country. The cloud infrastructure will be based in South Africa, but will give users the options on where to store their…

5 Oct 2022 8AM 9 min

INSIDE YOUR BUSINESS: 8 Killer strategies to keep your best-performing employees

There are two types of employees. The first kind shows up to work late, doesn’t put any effort, and waits impatiently for the clock to turn 5:00 p.m. so they can leave the office. The second type is the employees who show up on time, are enthusiastic about their job,…

5 Oct 2022 8AM 19 min

LEGALLY SPEAKING: Imbalances and inequalities in the legal profession of SA.

There are currently some 27 200 practising attorneys registered on the roll of attorneys at the Legal Practice Council and 7 000 candidate attorneys in South Africa. With a majority of attorneys being white (53%), the recently published Draft Legal Sector Code (Draft LSC) looks to address the imbalances and…

5 Oct 2022 8AM 17 min

EKASINOMICS: Lolo Ndlovu is the founder and CEO of The Sneaker Shack.

The Sneaker Shack founded in 2018 by entrepreneur, Lolo Ndlovu (31) The Sneaker Shack saw its first store going up in the heart of the Maboneng Precinct with the mission of changing the way we think about footwear hygiene. Inspired by the growing sneaker culture as well as the energetic…

5 Oct 2022 8AM 22 min

Why are SA teens skipping school to chase risky crypto dreams.

Youngsters in the townships are drawn to the promise of quick riches with cryptocurrencies, but risk losses and becoming victims of scams A more recent survey – published this month by financial information firm finder.com – put crypto ownership in South Africa at 10%, with those aged 18 to 34…

5 Oct 2022 8AM 7 min

TECH & INNOVATION: Strong growth in SA extends Talk360 seed funding to $7m.

International calling app Talk360, which enables people around the world to make reliable and affordable calls to any landline or mobile phone worldwide, has secured an additional $3 million in seed round funding, taking its total seed round to $7 million after its first closing in May. The funds will…

4 Oct 2022 11AM 16 min

Why construction mafia are detrimental to doing business in SA.

For over a decade, organised groups targeting the construction sector under the banner of ‘radical economic transformation’ have invaded sites and demanded money for a stake in developments. Fuelled by a weak response from government, nearly 200 infrastructure and construction projects worth over R60 billion have so far been affected…

4 Oct 2022 11AM 14 min

ITS MY HOUSE: What You Can (and Cannot) Do about a Bad.

You love your home—or at least you used to. When you moved into your idyllic spot, the neighborhood was perfect and your neighbors on either side were nice, normal, friendly people, but then “they” moved in. Whether your troublesome neighbor actively seeks out and causes problems, tampers with your property,…

4 Oct 2022 11AM 16 min

Business industry welcomes new Eskom board but De Ruyter is under fire.

The NSBE welcomes the announcement of the new Eskom SOC Ltd Board Members by the Minister of Public Enterprises, Mr. Pravin Gordhan, on 30 September 2022. We are pleased to see the caliber of professionals appointed, with 5 highly qualified and experienced engineers to bolster the technical expertise at board…

4 Oct 2022 11AM 9 min