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Households in SA are R253 billion poorer in Q3 due to rising interest rates

By Zuko Komisa New research has revealed that households in SA are R253 billion poorer in Q3 due to rising interest rates. According to the most recent Momentum/Unisa South African Household Wealth Index for the third quarter of 2022, South African households are losing wealth. According to the study, households lost an estimated R253 billion in the third quarter of 2022, following a decline of R1.275 trillion in the second […]

today17/11/2022

Kaya Biz

A 21-year-old student has used his NSFAS allowance to create an e-hailing app

By Zuko Komisa A 21-year-old student has used his NSFAS allowance to create an e-hailing app. Owen Lekala, a student at Tshwane University of Technology (TUT), is grabbing everyone's attention with his innovative app. In order to pursue his dream of founding his own e-hailing business, Hike, the 21-year-old software development trainee sacrificed food and other essentials. Kaya Biz with George Manyosi, who is standing in for Gugulethu Mfuphi spoke […]

today14/11/2022

MultiChoice continues to lose subscribers

Kaya Biz

Interim results show Multichoice is bleeding premium subscribers

By Zuko Komisa Multichoice is bleeding premium subscribers A slower fall in Compact Plus subscribers has affected the company's overall "premium" segment, despite DStv Premium adding a few subscribers in South Africa during the past year. According to MultiChoice, the broadcaster's parent business, the most recent interim results for the first half of the broadcaster's 2023 fiscal year (1H FY23) were released on Thursday, November 10, 2022. The results revealed […]

today11/11/2022

Kaya Biz

FNB launches R200m Vumela fund to grow small businesses

By Zuko Komisa FNB has launched a R200m Vumela fund to grow small businesses. The fourth Vumela fund, worth R200 million and established on Tuesday by big four bank FNB, intends to provide alternative financing to 150 black-owned firms and generate 1 000 employment. The commercial banking division of FNB created the Vumela Enterprise Development Fund in 2009 in collaboration with the venture capital and private equity firm Edge Growth. […]

today10/11/2022

Kaya Biz

65% of children who are entering school will work in jobs that don’t yet exist

By Zuko Komisa There are a lot of anticipated changes in the future, and surprisingly tomorrow might not look the way we imagine. The British Council reports that up to 65% of today's kids could end up working in jobs that don't even exist yet. Work of the future will undoubtedly demand a different kind of education and training than what is commonly seen now, despite the fact that this […]

today09/11/2022

Kaya Biz

SA retailers expected to generate R17.3bn on Black Friday

By Zuko Komisa Black Friday weekend is upon us and researchers are predicting a fruitful weekend. Retailers in South Africa are anticipated to make an additional R17.3 billion in sales during the Black Friday promotional period, which would represent a 6.7% increase over the Black Friday period in 2021. The amount is anticipated to be R5.4 billion less than it would have been had South Africa's load shedding, which has […]

today04/11/2022

Kaya Biz

It’s finally here: SA’s first-ever mopane worm chocolate

By Zuko Komisa Have you tasted the newest product in the market inspired by a Limpopo delicacy mopane worms? Well, there's online buzz is being generated by an inventive woman who makes chocolate bars out of mopane worms. Kaya Biz with Gugulethu Mfuphi spoke to Wendy Vesela-Ntimbani - owner and founder of Matomani SA's first-ever mopane worm chocolate that has gotten everyone talking. LISTEN TO THE FULL CONVERSATION HERE: Wendy […]

today03/11/2022

Kaya Biz

Sibanye-Stillwater to retrench up to 1,959 employees

By Zuko Komisa Sibanye-Stillwater announced on Wednesday that it had begun restructuring talks with unions at its Beatrix 4 shaft and Kloof 1 factory. As a result, the company may lay off up to 1,959 workers from its South African gold operations. This is in accordance with Section 189 of the Labour Relations Act, which looks for ways to avoid retrenchments and redeploy personnel in order to minimize job losses. […]

today02/11/2022

Kaya Biz

Sugar producer Tongaat Hulett forced into business rescue

By Zuko Komisa Sugar producer Tongaat Hulett has been forced to undergo business rescue. The board has designated Metis Strategic Advisors' Trevor Murgatroyd, Peter van den Steen, and Gerhard Albertyn as Tongaat's business rescue specialists. Tongaat was placed under new management with a turnaround plan in 2019 after it was linked to an accounting scam. Following the failure of its R4 billion right issue with the contentious Rudland family through […]

today28/10/2022

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Privacy Policy

THIS PRIVACY STATEMENT FORMS PART OF KAYA 959’S TERMS OF USE POLICY. IF YOU DO NOT AGREE WITH ANY TERM OF THIS PRIVACY STATEMENT, YOU MUST CEASE YOUR ACCESS OF THIS WEBSITE IMMEDIATELY. 

POPIA ActTo promote the protection of personal information processed by public and private bodies; to introduce certain conditions so as to establish minimum requirements for the processing of personal information; to provide for the establishment of an Information Regulator to exercise certain powers and to perform certain duties and functions in terms of this Act and the Promotion of Access to Information Act, 2000; to provide for the issuing of codes of conduct; to provide for the rights of persons regarding unsolicited electronic communications and automated decision making; to regulate the flow of personal information across the borders of the Republic; and to provide for matters connected therewith.

RECOGNISING THAT—

  • section 14 of the Constitution of the Republic of South Africa, 1996, provides that everyone has the right to privacy;
  • the right to privacy includes a right to protection against the unlawful collection, retention, dissemination and use of personal information;
  • the State must respect, protect, promote and fulfil the rights in the Bill of Rights;

AND BEARING IN MIND THAT—

  • consonant with the constitutional values of democracy and openness, the need for economic and social progress, within the framework of the information society, requires the removal of unnecessary impediments to the free flow of information, including personal information;

AND IN ORDER TO—

  • regulate, in harmony with international standards, the processing of personal information by public and private bodies in a manner that gives effect to the right to privacy subject to justifiable limitations that are aimed at protecting other rights and important interests,
  1. Definitions and Interpretation

1.1.“Personal Information” means information relating to an identifiable, living, natural person and where it is applicable, identifiable, existing juristic person, including all information as defined in the Protection of Personal Information Act 4 of 2013. 

1.2  Parliament assented to POPIA on 19 November 2013. The commencement date of section 1Part A of Chapter 5section 112 and section 113 was 11 April 2014. The commencement date of the other sections was 1 July 2020 (with the exception of section 110 and 114(4). The President of South Africa has proclaimed the POPI commencement date to be 1 July 2020.

 
1.3. “Processing” means the creation, generation, communication, storage, destruction of personal information as more fully defined in the Protection of Personal Information Act 4 of 2013.  

1.4. “You” or the “user” means any person who accesses and browses this website for any purpose. 

1.4. “Website” means the website of the KAYA 959 at URL www.kaya959.co.za or such other URL as KAYA 959 may choose from time to time.   

  1. Status and Amendments

2.1. KAYA 959 respects your privacy. This privacy policy statement sets out KAYA 959’s information gathering and dissemination practices in respect of the Website. 

2.2. This Privacy Policy governs the processing of personal information provided to KAYA 959 through your use of the Website. 

2.3. Please note that, due to legal and other developments, KAYA 959 may amend these terms and conditions from time to time.  

  1. Processing of Personal Information

3.1. By providing your personal information to KAYA 959 you acknowledge that it has been collected directly from you and consent to its processing by KAYA 959. 

3.2. Where you submit Personal Information (such as name, address, telephone number and email address) via the website (e.g. through completing any online form) the following principles are observed in the processing of that information: 

3.2.1. KAYA 959 will only collect personal information for a purpose consistent with the purpose for which it is required. The specific purpose for which information is 
collected will be apparent from the context in which it is requested. 

3.2.2. KAYA 959 will only process personal information in a manner that is adequate, relevant and not excessive in the context of the purpose for which it is processed. 

3.2.3. Personal information will only be processed for a purpose compatible with that for which it was collected, unless you have agreed to an alternative purpose in writing or KAYA 959 is permitted in terms of national legislation of general application dealing primarily with the protection of personal information. 

3.2.4. KAYA 959 will keep records of all personal Information collected and the specific purpose for which it was collected for a period of 1 (one) year from the date on which it was last used. 

3.2.5. KAYA 959 will not disclose any personal information relating to you to any third party unless your prior written agreement is obtained or KAYA 959 is required to do so by law. 

3.2.6. If personal information is released with your consent KAYA 959 will retain a record of the information released, the third party to which it was released, the reason for the release and the date of release, for a period of 1 (one) year from the date on which it was last used. 

3.2.7. KAYA 959 will destroy or delete any personal information that is no longer needed by KAYA 959 for the purpose it was initially collected, or subsequently processed. 

3.3. Note that, as permitted by the Electronic Communications and Transactions Act 25 of 2002, KAYA 959 may use personal information collected to compile profiles for statistical purposes. No information contained in the profiles or statistics will be able to be linked to any specific user.    

  1. Collection of anonymous data

4.1. KAYA 959 may use standard technology to collect information about the use of this website. This technology is not able to identify individual users but simply allows KAYA 959 to collect statistics. 

4.2. KAYA 959 may utilise temporary or session cookies to keep track of users’ browsing habits. A cookie is a small file that is placed on your hard drive in order to keep a record of your interaction with this website and facilitate user convenience. 

4.2.1. Cookies by themselves will not be used to identify users personally but may be used to compile identified statistics relating to use of services offered or to provide KAYA 959 with feedback on the performance of this website. 

4.2.2. The following classes of information may be collected in respect of users who have enabled cookies: 

4.2.2.1. The browser software used; 

4.2.2.2. IP address; 

4.2.2.3. Date and time of activities while visiting the website; 

4.2.2.4. URLs of internal pages visited; and 

4.2.2.5. referrers. 

4.3. If you do not wish cookies to be employed to customize your interaction with this website it is possible to alter the manner in which your browser handles cookies. Please note that, if this is done, certain services on this website may not be available. 

  1. Security

5.1. KAYA 959 takes reasonable measures to ensure the security and integrity of information submitted to or collected by this website, but cannot under any circumstances be held liable for any loss or other damage sustained by you as a result of unlawful access to or dissemination of any personal information by a third party. 

  1. Links to other websites

6.1. KAYA 959 has no control over and accepts no responsibility for the privacy practices of any third party websites to which hyperlinks may have been provided and KAYA 959 strongly recommends that you review the privacy policy of any website you visit before using it further. 

  1. Queries

7.1. If you have any queries about this privacy policy please contact us by emailing [email protected]