Kaya Biz

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

South Africa’s Retail Sales

South Africa’s retail sales plunged by a record 50.4% in April and 12% in May, data showed on Wednesday in the latest evidence of the impact of the early, stricter phase of the country’s coronavirus lockdown.

22 Jul 2020 1PM 5 min

Innovation

The French Embassy in South Africa has announced that the three South African artificial intelligence (AI) startups that were last year selected to participate in its Young Enterprise Initiative South Africa (YEi South Africa) 2020 programme – 3DIMO, Raphta, and Ubiquity AI – will exhibit their solutions and products at…

21 Jul 2020 1PM 14 min

Future Of African Businesses Post Pandemic

Hogan Lovells Africa Forum which returns for its 7th edition took place recently. This year's Africa Forum comes in the midst of the global pandemic, COVID-19, and to say it has changed the world is an understatement.

21 Jul 2020 1PM 8 min

Online Education

International EdTech company, Crimson Education, has launched a private online high school – the Crimson Global Academy (CGA) – in South Africa. The CGA will offer international qualifications including the International General Certificate of Secondary Education (IGCSE) and A-Levels, the group said

21 Jul 2020 1PM 7 min

Government Extends TERS Benefit By 6 Weeks

The government has decided to extend its Covid-19 relief scheme for workers for an extra six weeks until August 15. The National Economic Development and Labour Council (Nedlac) is also apparently finalising a plan to extend the Temporary Employer/employee Relief scheme (Ters) for three months from July to September for…

21 Jul 2020 1PM 6 min

Wealth Creation Or Stokvels In Times Of A Pandemic (Corona)

The annual StokvelEx event (owned and hosted by Seven Colors Communications - youth co) is aimed at creating platforms for fostering economic inclusion and social cohesion through stokvels, a hidden economy that has been around since 1932.

20 Jul 2020 1PM 11 min

The Impact Of Covid-19 On Unemployment Across The Globe

Unemployment across the globe is at an all-time high due to the effects of Covid-19 and millions of people have lost their jobs as industries struggling to stay afloat during the pandemic – shut down.

20 Jul 2020 1PM 7 min

Economic Implications of High Inflation Rates

Inflation has become a bugbear as uncertainty about local supply chains, rising job losses and falling real interest rates discourage capital importation and foreign direct investment (FDI).

20 Jul 2020 1PM 7 min

Businesses Under Financial Pressure During The Covid-19 Lockdown

Ricardo da Casto's hospitality business the Altitude Beach Café in Fourways has also had their Business Interruption repudiated by their insurer, which is direct in defiance of the FSCA ruling that compels insures to pay out business interruption claims in terms of the COVID pandemic.

20 Jul 2020 1PM 6 min

The Pivot Point

Mmabatho Maboya has come a long way, from working on the shop floor of a computer company to being at the helm of the Cyril Ramaphosa Foundation (CRF). Maboya is passionate about supporting disadvantaged communities and black entrepreneurs and this became evident as our interview with her progresses.

16 Jul 2020 1PM 15 min

Update On SAA

The South African government has provided its commitment to support and source the funding of R10.3 billion needed to restructure South African Airways (SAA).

16 Jul 2020 1PM 6 min

Follow Up On TFG's Jet Deal

TFG shareholders have almost unanimously approved a R3.95bn rights offer at R41.90 per share, representing a discount of more than a third.The rights offer will consist of an offer of some 94-million shares, in the ratio of 40 rights offer shares for every 100 ordinary TFG shares held.

16 Jul 2020 1PM 8 min

Inside Your Business - Riversands Incubation Hub

CEO of Riversands Incubation Hub, Tafadzwa Madavo shares how Covid-19 has impacted work at Riversands Incubation Hub and the survival strategies he is sharing with their entrepreneurs.

15 Jul 2020 1PM 13 min