Kaya Biz

SA managers struggling to retain young talent.

South African asset managers are struggling to hold onto young professionals who are quick to jump at the next opportunity to advance their careers. There is a lower retention rate of staff at the analyst level of fund-manager houses compared with senior positions, according to a survey by INN8 Invest,…

13 Jul 2022 5AM 12 min

SARS responds to the protest action.

The South African Revenue Service (SARS) announced on Tuesday that its operations have been affected by the industrial action from unions, forcing the tax body to close 18 branches in seven provinces around the country. This comes at a sensitive time for SARS operations, as tax season started at the…

13 Jul 2022 5AM 10 min

EKASINOMICS: Dintle – A new chocolate by an African Name.

Newly launched and going by an African name. It’s a chocolate named ‘Dintle’. It is now available. This product is a collaboration by two young entrepreneurs, who have demonstrated skill at their craft. ‘Dintle’ meaning beauty is a newly launched CHOCOLATE. It was launched last week by Zamdela based Nyakallo…

13 Jul 2022 5AM 10 min

LEGALLY SPEAKING: A look into the National Labour Migration Policy, Employment Services Bill.

The overarching objective of the Nised masterplan is to significantly raise the contribution of economic output and labour absorption by SMMEs. It purports to achieve this by a series of programmes and actions within outcome areas. What the masterplan does confirm, albeit based on pre-Covid-19 data, is that less than…

13 Jul 2022 5AM 17 min

Zondo Report underscores need to enforce director accountability more rapidly.

In its final report, the Zondo Commission repeatedly comments that directors of the various captured state entities have not been properly held accountable for the massive damage they have caused to the organisations they were supposed to serve, and thus indirectly to the country as a whole. The Institute of…

13 Jul 2022 5AM 9 min

Regulator gives thumbs up to Mr Price’s purchase of Studio 88.

South Africa’s Competition Commission has recommended that the Competition Tribunal approve Mr Price’s deal to acquire Studio 88 without conditions. In April, retailer Mr Price announced that it has entered into a transaction agreement to acquire 70% of Blue Falcon, which owns the Studio 88 group of businesses, from RMB…

13 Jul 2022 5AM 8 min

SA’s mining industry, which consumes almost a third of Eskom’s power supply - wants to free more energy for SA.

More companies are targeting a move away from Eskom’s grid as the country endures more rolling blackouts for longer periods – costing time and putting a strain on production. One of South Africa’s largest sectors – the mining industry – aims to reduce its consumption on the national power grid…

13 Jul 2022 5AM 10 min

Twitter lawyers say Elon Musk’s deal termination is invalid.

Twitter Inc.’s lawyers called Elon Musk’s termination of his $44 billion buyout agreement “invalid and wrongful” in a letter to the billionaire’s attorneys, a preliminary step by the social network in the looming legal battle over the deal. Twitter lawyer William Savitt, of Wachtell, Lipton, Rosen & Katz, wrote to…

12 Jul 2022 4AM 7 min

Standard Bank repeals mandatory Covid-19 vaccination policy - SASBO heading to ConCourt over the 40 dismissed employees.

Old Mutual has joined the list of companies that the financial sector union, Sasbo, wants to take to the Labour Court for dismissing employees who refused to vaccinate against Covid-19. The insurer confirmed to Fin24 that 49 people have left its employ due to incapacity after refusing to vaccinate against…

12 Jul 2022 4AM 11 min

ALLAN GRAY: Are you ready for the modernised tax filing season?

The income tax return filing season is officially open and with it, the South African Revenue Service is rolling out some changes to simplify the eFiling process and shorten the filing period. How do these changes impact you? Carla Rossouw, head of Tax at Allan Gray, joins Kaya Bizz to…

12 Jul 2022 4AM 14 min

ITS MY HOUSE: How to run a comparative market analysis and protect yourself from overpaying on a property.

One of the first steps when working with home sellers is setting the listing price of a home. When working with buyers, that first step is usually checking the value of a home before making an offer to purchase. A home’s current worth can be difficult to pinpoint, and the…

12 Jul 2022 4AM 19 min

How is electricity priced in South Africa?

A large part of South Africa’s electricity prices is consists of government levies and costs that are out of Eskom’s control. That is according to independent regulatory and tariff consultant Deon Conradie, who told Sunday newspaper Rapport that the electricity tariff is used much like petrol prices in the country…

12 Jul 2022 4AM 14 min

TECH & INNOVATION: App unveiled to improve the experience of passengers at SA airports – ACSA.

Airports Company South Africa (ACSA) has launched a mobile app that allows users to check on their flight's arrival or departure time, calculate how much parking will cost, and navigate to points of interest inside the airport. ACSA has embarked on a digital transformation drive. This includes plans for fingerprint…

12 Jul 2022 4AM 8 min

R654 million worth of SA citrus may be destroyed because of the EU’s new cold-treatment laws.

As much as R654 million worth of South African citrus, already en route to Europe, may be destroyed as the European Union’s (EU) new cold-treatment regulations for citrus is set to kick in on 14 July. Last month, the EU’s Standing Committee on Plants, Animals, Food and Feed voted in…

11 Jul 2022 5AM 7 min

BUSA warns SA ripe for repeat of 2021 unrest.

Top business and government officials have warned that South Africa is set to face a repeat of the July 2021 riots as very little has been done to address the issues facing the country over the last year. Speaking to BusinessDay, Business Unity South Africa chief executive Cas Coovadia says…

11 Jul 2022 5AM 9 min

WEALTH CREATION: What investors can do in these difficult markets.

In the words of Peter Lynch two years after the March 2020 Covid crash - “More money has been lost in crises trying to predict what is going to happen than actually in them”. As with all things unknown and uncertain, it is human nature to speculate how things will…

11 Jul 2022 5AM 16 min

CAREERS CORNER: Here are the rules around paying workers during load shedding in South Africa.

The modern workplace has gone through significant changes with businesses being required to adapt to new ways of working. Many employers have revisited their operating models and have since adopted remote or hybrid working arrangements, depending on the nature of their operations, says Nadine Mather, partner, Bowmans South Africa. While…

11 Jul 2022 5AM 15 min

SABC and MultiChoice set to face off over lucrative sports.

The SABC has lodged a Competition Commission complaint against MultiChoice’s sports broadcasting division, SuperSport. “The SABC can confirm that the Corporation has lodged a complaint with the Competition Commission,” SABC communications head Ndindi Cola said in an emailed statement. “At this stage the matter is handled in that platform and…

11 Jul 2022 5AM 16 min

Fuel saving hacks- experts warns against popping pills in tanks.

Fuel and motor experts have called the bluff on so-called fuel-saving tablets and other related products promising to dramatically reduce fuel consumption and help consumers save money at the pump. With fuel prices soaring to all-time highs and motorists buckling under financial pressure to get by with the cost of…

11 Jul 2022 5AM 10 min

One year since July unrest - How far have we come?

It's been a year since the deadly riots that set fire to parts of KwaZulu-Natal and Gauteng, but none of the alleged instigators have been convicted for fanning the flames. ` Many questions remain unanswered about the harrowing events President Cyril Ramaphosa labelled as a ''failed insurrection'' in July last…

7 Jul 2022 4AM 19 min