The OFM Business Hour
The latest business news from Central SA. Presented by Olebogeng Motse.
AA calls for SA to get ball rolling on fuel price structure review
The Automobile Association of South Africa is calling on Finance Minister, Enoch Godongwana, to expedite the review of South Africa’s fuel price structure. The AA’s Layton Beard, says whilst they welcome Godongwana’s acknowledgement during his Medium Term Budget Policy Statement (MTBPS) aka the mini-budget speech in late 2021 that there…
Opportunists taking advantage of effects of global semiconductor chip shortage of car prices
There are opportunists in the automotive market who are exploiting unsuspecting buyers in the used vehicles’ market as prices rise over the global semiconductor chip shortage. Spokesperson for Old Mutual Insure, Lizo Mnguni, tells the OFM Business Hour some of these opportunists are charging exorbitant prices for used vehicles that…
Read of Week – what makes good leadership?
The OFM Business Hour sat down with retired educator turned author, Noah Kaindama, to get his thoughts on good leadership as outlined in his debut books: 'the Real President and its sequel the Real President II'.
Domestic workers now covered by the Compensation Fund.
Bheki Ngcobo from the Department of Employment and Labour breaks down the Revised Employer Assessment Model Regulation under the Compensation Fund to the OFM Business Hour.
SA's economy contracts by 1,5% in the third quarter
North West University (NWU) Economics Professor, Waldo Krugell, weighs in on the latest GDP figures by Statistics SA, that indicate South Africa's economy shrank for the third quarter of 2021 - July to September.
DESTEA reignites tourism in the province
The head of the Free State Department of Small Business Development, Tourism and Environmental Affairs (DESTEA), Mbulelo Nokwequ, speaks to the OFM Business Hour about the programmes the department is introducing to help boost tourism in the province.
Rising cybercrime posing a threat to online real estate transactions
Rising rates of cybercrime globally are posing a serious threat to online transactions in the real estate space. The OFM Business Hour, sat down with Jackie Smith, the head of Buyers Trust, which is a subsidiary of Ooba on how real estate agencies need to be cogniscant of how they…
Can you lose your job for not strictly following Covid-19 regulations?
Attorney and founder of the Legal Affair, Nonhlanhla Mtshali, weighs in on the legality around this question on the OFM Business Hour. Mtshali’s expert opinion comes after the country’s labour court, deemed it ok for an employer to oust an employee for not strictly adhering to Covid-19 protocols. According to…
Newly installed SPU Vice-Chancellor, Prof Crouch joins #OFMBusinessHour
The Installation of Professor Andrew M. Crouch as the second Vice-Chancellor and Principal of Sol Plaatje University took place on Friday, 26 November 2021, at the Sol Plaatje University Community Hall on South Campus in Kimberley.
Approach black Friday with some pragmatism
The head of growth at leading South African Buy-Now Pay-Later (BNPL) fintech company, Payflex, Jarred Deacon, advises consumers to approach Black Friday with some pragmatism. Deacon suggests that you should “load your baskets before black Friday, keep them on in terms of your essentials and necessities. Once you have those…
Mangaung business chamber wants by-laws to be relooked
The Mangaung Chamber of Commerce and Industry wants the metro’s by-laws to be relooked at in light of their unhappiness over rising rates and taxes. The chamber’s deputy president, Mzi Mboyana, tells the OFM Business Hour, that it is increasingly becoming unaffordable to run a small business in the metro,…
Is this a good time to purchase a brand new car?
Transunion’s vehicle pricing index has found that there is a significant drop in prices for brand new vehicles in the third quarter of 2021 as compared to the same period in 2020. But this doesn’t mean one should purchase a new vehicle when they cannot necessarily afford the overall cost…
Social employment fund seeks strategic implementing partners
The Presidential Employment Stimulus is now in its second phase and is supporting social employment as part of its portfolio of interventions to create jobs and support livelihoods. With the Industrial Development Corporation (IDC) as fund manager, a Social Employment Fund (SEF) has been launched and is seeking strategic implementing…
SA’s e-hailing sector estimated to employ 80 000-100 000 drivers
South Africa’s e-hailing sector is estimated to currently be employing between 80 000 and 100 000 drivers and/or motorcyclists countrywide, with more jobs to be generated in the next 3-5 years. The Chief Executive Officer (CEO) of youth employment engine, Lulaway, Jake Willis, tells the OFM Business Hour, that the…
Prof Waldo Krugell on inflation
The latest business news from Central SA. Presented by Olebogeng Motse.
Empathy behind spike in jobs at female driven tech businesses
The team at Endeavor South Africa believe empathy is behind the rise in jobs created at female driven tech businesses of late. Endeavor SA’s Antonia Bothner, told the OFM Business Hour that empathetic leaders are appealing to prospective talent and employees.
‘Not all contracts constitute service level agreements’ – law expert
Not all contracts constitute service level agreements (SLAs). This is according to the head of technology, media and telecommunications law at Edward Nathan Sonnenbergs commonly known as ENS Africa, Ridwaan Boda. He first explains to the OFM Business Hour that a service level agreement (SLA) is an agreement between a…
Online real estate auctions gaining traction in SA
Online real estate auctions are gaining traction in South Africa. The Chief Executive Officer (CEO) of Galetti Corporate Real Estate, John Jack, tells the OFM Business Hour that South Africa is only now following in the line of more developed nations like the United States of America and the United…
Gondongwana is in a better position than Mboweni was – NWU economist on mini budget
Expectations are such that Finance Minister, Enoch Godongwana’s maiden Medium Term Budget Policy Statement since being shuffled into the role that was previously occupied by Tito Mboweni, will be positive and upbeat. This is according to North West University (NWU) Economics professor, Waldo Krugell, who was sharing his predictions pertaining…
NC business chamber aims to return to normal, adds 50 new members
The Northern Cape Chamber of Commerce and Industry (NOCCI) is aiming to return to some resemblance of normalcy in the coming months following the disruption that was brought to the local economy by the Covid-19 pandemic. NOCCI Chief Executive Officer (CEO), Sharon Steyn, tells the OFM Business Hour, that this…