At the helm of Gauteng’s biggest business radio show, Kaya Biz, is Gugulethu who will be leading the conversation on what is next for the Afropolitan business landscape. The show presents local and international business news, entrepreneurship, corporate and investment banking. Since its inception in May 2006 Kaya Biz has grown from a half-an-hour daily finance update to an hour show bringing compelling business news and market reviews to listeners.
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GUEST - James Turp, Fixed Income Portfolio Manager and Head of Investment Strategy at Sanlam Investments. The South African Reserve Bank (Sarb) kept its repurchase rate (repo rate) at 8.25% on Thursday, meaning the benchmark rate has been at this level for more than a year and remains at a 15-year high. Kaya FM…
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Rand stable as SARB keeps rate unchanged again. The JSE was slightly weaker as investors weighed prospects of interest rate cuts in the US and possible tensions between the US and China. Kaya FMBy Gugulethu Mfuphi
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South Africans financially stressed and not hopeful for change
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GUEST – Nzwa Shoniwa, managing executive of Sanlam Umbrella Solutions Sanlam's 2024 Benchmark research has painted a grim picture of South Africa’s economy and the psychological impact it has had on savers. The 43rd edition of the survey shows the country’s economic outlook remains bleak, with little hope of substantial improvement in the near-term…
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Sars has auto-assessed more than 5 million taxpayers with at least R5 billion in tax refunds
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GUEST – Edward Kieswetter, SARS commissioner South African Revenue Service (Sars) commissioner, Edward Kieswetter, on Tuesday announced that more than 5 million taxpayers were auto-assessed by Sars, with almost 100% of them accepting the outcome without making any changes. To date, refunds amounting of approximately R10 billion have been issued to …
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Treasury remains committed to the stability of the public finances – Godongwana
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Guest - Enoch Godongwana – Finance Minister Finance Minister Enoch Godongwana reports that the National Treasury will continue to strive to improve the transparency of the budget, maintain high quality data management and analysis, and provide appropriate advice for the stability of the public sector wage bill and international development cooperat…
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The challenging future of print newspapers in South Africa
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GUEST – Joe Hamman, Director of Novus Group This and other significant changes that have taken place in the South African print media industry are shown in media monitoring company, Novus Group’s newly released 10 Years in Print Media report.It shows just how more and more people have shifted towards online news consumption. Kaya FM…
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ALLAN GRAY: Tips to help you get on top of your tax return this year
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GUEST – Carrie Norden - Senior tax specialist at Allan Gray The income tax season is officially open. As a taxpayer, understanding what your filing obligations are is crucial to ensuring that you remain tax compliant. During this tax season, the South African Revenue Service is once again making use of the auto-assessment process and plan on imposi…
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Ellies brand rescued and Bell Equipment to exit JSE
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GUEST – Andrew Bahlmann, Chief executive: Corporate & Advisory, Deal Leaders International The market has been highly appreciative of the announcement by Bell, although there is no doubt that another company going private is a sad loss for the JSE and investors. Ellies Electrical brand will live on after SMD Technologies acquired it following the l…
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How Tax Practitioners, Lawyers, and Accountants May End Up Liable for their Clients' Tax Debts
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GUEST – André Daniels, Head of Tax Controversy & Dispute Resolution at Tax Consulting SA The Supreme Court of Appeal has backed Commissioner Kieswetter and issued a stern warning to all South Africans to refrain from assisting others in evading their tax obligations. Where you are caught, SARS will go after your personally. This is now settled law …
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We are not doing enough to hold delinquent directors accountable.
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GUEST – Vikeshni Vandayar, Executive: Governance and Corporate Services at the IoDSA The King Codes, the Companies Act and the common law all set high standards for directors because of the huge influence directors have over the oversight and performance of an organisation, be it a private, public or non-profit entity. As the Zondo Commission’s rep…
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GUEST - Garth de Klerk, CEO of the Insurance Crime Bureau For as long as there has been insurance, there has been insurance fraud too. In the intricate world of financial fraud detection, understanding the psychology behind fraudulent behavior is a pivotal aspect. Fraudsters employ a diverse array of tactics and techniques to deceive, manipulate, a…
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59% of sampled stores in SA are selling illicit tobacco products.
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GUEST - Johnny Moloto, Area Head of Corporate & Regulatory Affairs for BAT Sub-Saharan Africa. New Ipsos research released today reveals that 59% of sampled stores in South Africa are selling illicit tobacco products, with prices as low as R5 for a pack of 20 cigarettes, intensifying the ongoing price war among illicit manufacturers. The study also…
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FNB survey reveals that nearly 50% of South Africans don’t have a retirement plan
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GUEST – CEO of Wealth & Investments at FNB, Bheki Mkhize. The 2024 FNB Retirement Insights Survey, released today, offers a glimpse into the current state and evolving dynamics of pre- and post-retirement planning in South Africa. In its second year, the in-depth research reveals persistent challenges around retirement in South Africa and highlight…
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Trade industry & competition to prioritise masterplan implementation
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GUEST – Zuko Godlimpi - Deputy Minister of The Department of Trade, Industry & Competition The Department of Trade, Industry & Competition (DTIC) will prioritise sector-specific masterplan implementation, re-industrialisation and economic transformation during the seventh administration. Kaya FMBy Gugulethu Mfuphi
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Moody's downgrades Kenya's credit rating, what this means for the country?
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GUEST – Dr Rutendo Hwindingwi – Fouding Director at Tribe Africa Advisory Moody's has downgraded Kenya's debt rating further into junk territory and warned the outlook was negative after a wave of protests led the government to abandon proposed tax hikes. President William Ruto, facing the most serious crisis of his near two-year presidency, last m…
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Funds pays benefit to fraud syndicate whilst real member was in prison
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GUEST – Muvhango Lukhaimane – Pensions Fund Adjudicator Funds pays benefit to fraud syndicate whilst real member was in prison Whilst the actual member was serving a prison sentence, a pension fund paid out a benefit of more than R800 000 to a syndicate that was involved in identity theft and unlawfully claiming benefits of retirement fund members.…
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Be wary of the following scams this tax season, warns the SAFPS
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GUEST - Manie Van Schalkwyk, CEO of the Southern African Fraud Prevention Service As we approach the end of August, millions of South Africans will log onto the SARS eFiling website or visit their closest branch to complete their tax returns. "While this is a very busy time for the South African Revenue Service (SARS), it is also a very busy time f…
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Motor body raises concern on previously written-off cars ending up at dealership floors.
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GUEST - Jan Schoeman: CEO of Retail Motor Industry Organization (RMI) T he process of writing off cars deemed uneconomical to repair happens all the time in the South African automotive industry. Motor body, SAMBRA has raised concerns about the vehicles that are routinely written-off and sold within a salvage contract to auction yards. Sambra says …
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Consumer Tribunal fines two used car dealers and orders R1 million refund.
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GUEST – Prudence Moilwa – Head of complaints and investigations at the National Consumer Commission. The National Consumer Tribunal has fined two car dealers and ordered one of them to repay a consumer R1 million after hearing the cases brought by the National Consumer Commission. Secondhand cars are often a problem for consumers and this goes to s…
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Is it legal for creditors to collect a prescribed debt?
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GUEST - Kwanda Vabaza – Adjudicator Manager of the Credit Division at the National Financial Ombud The Prescription Act stipulates the period after which a consumer’s obligation to pay a monetary debt to a creditor will be extinguished and the instances in which this period will be delayed or interrupted. Is it legal for creditors to collect a pres…
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South African shoppers are not what they used to be.
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GUEST – Andrea Ellens, Retail Industry Specialist at Trade Intelligence. As shopper behaviours evolve, brands and retailers are working hard to catch up, using tools to connect with a new generation of increasingly demanding and informed shoppers. South African shoppers are not what they used to be. They’re tougher, savvier, and more in tune with w…
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Out of 42 national departments, only eleven (11) departments fully complied with legislation of timeous payments.
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GUEST - Vusimuzi Mavuso - Commissioner at Public Service Commission Out of 42 national departments, only eleven (11) departments fully complied with legislation of timeous payments. These 11 national departments did not have outstanding or unpaid invoices for the period under review. Departments are encouraged to maintain this performance and pay a…
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High cost of car ownership keeps 1.9 million car finance holders stagnant
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GUEST - Andrew Fulton, Director at Eighty20. There are approximately 12 million registered motor vehicles in South Africa. But when excluding light and heavy delivery trucks, taxis and motor-cycles, fewer than one in five adults have a personal vehicle. There are roughly 8 million motor cars and station wagons, as measured by eNaTIS, but not all ar…
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GUEST - David Shapiro, chief investment strategist at Sasfin Wealth JSE-listed Bidvest will dispose of two of its entities – Bidvest Bank and FinGlobal, according to a statement on Sens on Wednesday. This follows the group’s announcement earlier this year that it intends to dispose of Bidvest Life. The group expects the transaction to be concluded …
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Autozone vs comptetitors – What is preferred in the after-market parts industry.
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GUEST - Pogiso Dibakoane - Motoring Expert and Technician Automotive parts retailer and wholesaler AutoZone has voluntarily entered business rescue as it is in financial distress. In this conversation we interrogate where SA consumers prefer to buy their parts and why? Kaya FMBy Gugulethu Mfuphi
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Shoprite launches bulk online shopping and delivery service
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GUEST – Mark Cotton, Head of B2B eCommerce at the Shoprite Group. Shoprite has ventured into South Africa’s bustling e-commerce sector by introducing online shopping and bulk delivery service for spaza shops and small businesses. Customers buying in bulk can now purchase goods online from its Cash & Carry stores, with free delivery within a 50km ra…
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Unequal pay for equal work: When is it discrimination?
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GUEST – Malesela Letwaba, Associate at Employment Law practice at CDH. Remuneration levels can be a murky and complex area. Especially when employees are performing the same or similar job function. In a sc Scenario like this - where employees are performing equal work but their pay is different – can an employer be held liable for unfair discrimin…
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Big EFT and debit order changes coming soon.
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GUEST - Ghita Erling, CEO: Payments Association of South Africa. South African banks will implement a big electronic funds transfer (EFT) payment change in September 2024, impacting direct payments and debit orders. The change followed a decision by the Common Monetary Area (CMA) regulators to discontinue processing EFT payments and collections wit…
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What entreprenuers really need to succeed in this economy
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GUEST – Allon Raiz - Raizcorp CEO. Small business corporations are defined as entities with an annual turnover of less than R20 million in South Africa. These businesses are crucial to the South African economy as they contribute to job creation, economic growth, and poverty alleviation. However, despite their importance, small business corporation…
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Is the SA government doing enough to support small businesses
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GUEST – Stella Ndabeni-Abrahams - Minister of Small Business Development. Small Business Development minister, Stella Ndabeni-Abrahams has expressed that the department seeks to continue with the reform agenda that the 6th government administration started under the new Government of National Unity (GNU). Kaya FM…
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NUMSA's strike at Ford SA to continue following failure to reach an agreement
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GUEST – Andrew Chirwa – Numsa President. Numsa strike at Ford SA over the payment of bonuses is set to continue after the labour court reserved judgment on an application by the car manufacturer to interdict the industrial action, which began on Thursday. Kaya FMBy Gugulethu Mfuphi
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SA’s legal system currently doesn’t provide the same rights and protections to cohabiting partners
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GUEST – Angie Poole, Manager Estates, Business Restructuring at BDO South Africa Oh, how times have changed. Many couples today choose to live together rather than get married, embracing cohabitation as a legitimate form of partnership. This shift reflects evolving societal values and a preference for flexibility over formal commitment. But, while …
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Salaries in South Africa continue to outperform 2023 levels.
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GUEST – Elize Kruger, Independent Economist. Take-home pay recovered somewhat in May, but pensions treading water. The BankservAfrica Take-home Pay Index (BTPI), tracking the average nominal take-home pay among about 4 million salary earners in South Africa, recovered somewhat in May 2024 to reach R15 888, a notable 10.0% up on a year-ago but sligh…
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Chicken livers and offal on the rise as SA shoppers buy down
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GUEST - Roy Thomas, Operations and Logistics Director at Hume International Latest import statistics show that South Africans are increasingly buying down on chicken products to stretch their pennies, as soaring costs of living place severe pressure on household budgets. According to data for the first quarter of 2024 compiled by food distributer H…
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Political certainty will be essential to underpin the investment growth that SA needs.
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GUEST – Dondo Mogajane, Chairman of the Government Employees Pension Fund So much has changed over the past few weeks that it is difficult to determine with certainty what the major variables of the next few years will be. In this conversation we interogate if the Government of National Unity (GNU) Cabinet is, on the whole, good for business and in…
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When is an employer contractually liable to pay bonuses?
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GUEST - Tony Healy – Employer Labour Consultant Where an employer and employee had entered into a contract of employment that contains any provision regarding the compulsory payment of bonuses, an employer would need to adhere to the terms of such contract. If an employer does not pay the bonus, it may be seen as a unilateral change to the provisio…
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ITS MY HOUSE: These are the most popular township across all price bands in the past 6 months
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GUEST – Robert Murray - BetterBond Regional Manager of Gauteng North First-time buyers drive SA’s township property boom First-time buyers looking for affordable housing options are drawn to South Africa’s traditional township property markets where most of the transactions taking place are around the R750 000 price point, says BetterBond. “Less th…
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ALLAN GRAY – Three golden rules for long-term investing success
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GUEST - Nomi Bodlani, head of Direct and Private Clients at Allan Gray Achieving long-term investment success is simple but not easy. It demands unwavering determination to stick to your chosen investment strategy and stay committed, even during periods of uncertainty. Investing for real, inflation-beating returns should be top of mind for all long…
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Why electricity has became so expensive in South Africa
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GUEST - Miyelani Holeni Group Chief Advisor at Ntiyiso Consulting Group Over the past decade, electricity rates have risen significantly nationally. Electricity, unlike other expenses, is one that homeowners have little flexibility to control. Eskom has increased the price of electricity by 446% since load-shedding began in 2008, driving up inflati…
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City Power to deduct R200 a month from prepaid electricity customers - We find out why.
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GUEST – Frank Hinda - City Power’s General Manager for Tariffs In addition to the 12.7% tariff increase, residents of the City of Johannesburg who use prepaid meters will face a recurring monthly fee of R200 for network and service charges. The tariff hike and service fee came into effect on July 1, applying to middle and high-income earners. Indig…
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Professionalization is key to ensuring long-awaited GNU is not a false dawn: IoDSA
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GUEST – Professor Parmi Natesan, CEO of the Institute of Directors in South Africa (IoDSA) President Ramaphosa’s announcement of the multiparty cabinet of the Government of National Unity (GNU) has been broadly welcomed as a move towards a more inclusive government that could make progress in addressing the multiple challenges the country faces. Th…
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GUEST – Prof Renata Schoeman - Head of Healthcare Leadership at Stellenbosch Business School According to the latest Gallup report, 36% of the South African workforce experience excessive daily stress and more than 71% are either disengaged or actively disengaged at work – some of the alarming signs of burnout. This is not surprising considering th…
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Youth Made Up 44% of Claims with the Road Accident Fund from 2020 to 2022
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GUEST – McIntosh Polela – Road Accident Fund spokesperson Yesterday was the last day of Youth Month. As we navigate the remainder of the year, the Road Accident Fund (RAF) hereby reminds young people that road safety rules should be adhered to throughout the year. Claims by young people accounted for a staggering 44% of those lodged from 2020 to 20…
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FOLLOW UP: Did H&M deliver on its promise to empower job seekers?
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GUEST - Miles Kubheka - Harambee Youth Employment Accelerator, Clothes to Good Community upliftment is key to H&M South Africa's sustainability strategy, and the 'Suitably Dressed' initiative enables the fashion retailer to tackle one of the country's most pressing socio-economic challenges: unemployment. We get an update on how this youth empowerm…
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South African factory activity contracts again in June - Absa PMI
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GUEST – Andiswa Nondudule - Economist at ABSA The seasonally adjusted Absa Purchasing Managers’ Index (PMI) increased by 1.9 points to reach 45.7 points in June 2024, compared to 43.8 in May 2024. The improvement is welcomed, but it was the second consecutive month that the PMI remained below the 50-point mark. Following a very strong start to the …
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FSCA ramps up war on scammers with almost R1bn penalties issued and the 1 061 licences suspended
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GUEST – Gerhard Van Deventer, the Divisional Executive of Enforcement at the Financial Sector Conduct Authority (FSCA) The Financial Sector Conduct Authority (FSCA) ramped up its war on financial scammers over the past year, as shown by the nearly 10-fold increase in administrative penalties in the year to March 2024. Total penalties imposed over t…
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What is fuelling forecourt retail growth?
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GUEST – Andrea du Plessis – Retail insights lead at Trade Intelligence As shoppers become increasingly time-pressured, convenience is a growing necessity, and South Africa’s forecourt stores have positioned themselves effectively to meet this need. Understanding the dynamics of this channel has thus become fundamental for FMCG suppliers and manufac…
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Rand rallies following Ramaphosa’s cabinet announcement
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GUEST – Sifiso Skenjana - Economist and the managing director of ESG Analytics. South Africa’s rand extended a post-election rally after President Cyril Ramaphosa announced a new cabinet that he said would prioritize rapid and sustainable growth. The currency led gains among emerging-market peers on Monday, advancing 1.1% to 17.98 per dollar as of …
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KFC’s Add Hope reaches the R1 Billion mark: But where is this money going?
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Guest - Andra Nel, KFC Marketing Manager Brand and Purpose Johannesburg, 25 June 2024 – KFC’s Add Hope programme, which recently passed the R1bn mark in its effort to fight malnutrition and hunger, has left an indelible mark on the lives of millions and become a powerful force for good. Kaya FMBy Gugulethu Mfuphi
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EKASINOMICS: Modern Sleep, your destination for quality beds and mattresses in South Africa
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GUEST - Pritchard Sibanda, Founder of Modern Sleep Modern Sleep, your premier destination for quality beds and mattresses in South Africa. Their mission is simple: To provide beds that care about your sleep. Each bed and mattress is meticulously created using the finest materials to ensure long-lasting comfort. Kaya FM…
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