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Eskom has announced a staggering loss of R23.9 billion for the financial year ended March 2023


Gauteng municipalities owe the power utility Eskom R4.7 billion

Zuko Komisa Gauteng municipalities owe the power utility Eskom R4.7 billion. Power utility Eskom announced on Wednesday that Gauteng's municipal electricity debt continues to grow at an alarming rate. In 2022, Eskom incurred a net loss of R12.3 billion after-tax despite the power utility’s operating profit improving by 238% to R20.4 billion. According to Eskom, The City of Tshwane and the City of Ekurhuleni jointly owe Eskom R4.7 billion as […]


Kaya Biz

Is it a good time to get into debt?

Photo by Blake Wisz on Unsplash Is it a good time to get into debt? We can all agree that the cost-of-living in the country continues to get worse and consumers are gradually reaching the end of their financial ropes. Kaya Biz with Gugulethu Mfuphi spoke to Rapule Mahlangu - Head of Associations and Affinity Groups at Metropolitan to answer whether or not it is a good time to get […]



BUDGET 2023: Government to take on R254 billion of Eskom’s debt

By Zuko Komisa The government will take on the R254 billion debt of Eskom. Finance Minister Enoch Godongwana has provided information on the comprehensive Eskom debt reduction strategy. Municipalities owe R56.3 billion to Eskom. Eskom will, in turn, offer "incentivised relief," according to Godongwana, to municipalities whose debt is unmanageable. "We are proposing a total debt-relief arrangement for Eskom of R 254 billion,"  "This consists of two components. One is […]



Kaya Biz: Understanding Sexually Transmitted Debt (STD) which is also known as ‘love fraud’

Kaya 959 Reporter Having communication about your financial situation with your partner is one of the most important things you should do in a serious relationship. Many financial experts will tell you how imperative it is to know your partner’s credit report before you ask them to meet their family. In the past few weeks, the world got to understand the prevalence of love fraud in the gripping Netflix’s documentary, […]


Reducing your student debt, student loans, paying nsfas loans, student debt,


Tips for reducing your student debt

By Nomali Cele Education is expensive. Most people are not privileged enough to be able to save for their children’s education and in turn, hundreds of thousands of graduates are in debt by the end of their studies. In fact, the number of South African students who don’t graduate or have their results withheld due to outstanding fees is high. Before you can think about reducing your student debts, know that […]


debt counselling, debt counselling in south africa, financial literacy and debt counselling


Slave to debts? – Experiences with debts and the lesson learned

By Scelo Hlophe Back in 2011 when I was at university doing my first year, I found myself being easily manipulated and under the pressure of requirements for class and the social pressure of needing to keep up with status, I applied for a credit card with a limit of R500. I was a student and there was absolutely no need for me to get the credit card nor did […]



Taking charge of your financial freedom with financial advice

 By Motlagae Konyana Women are increasingly becoming the financial decision makers in their families all the while trying to juggle many other different roles. In a single day, a woman can go from being a caregiver, a career woman and a chauffeur to a chef, a housekeeper and a mom. All this while holding down a career and running her own business Women need to understand the value of money […]



Face debt head-on…rather than wishing it away

By: Tshepo Matseba Collectively, South Africans have a huge debt burden, with the mountain apparently steadily increasing in size. According to the latest statistics from the National Credit Regulator (NCR), there are 25 million credit active people in South Africa. Of that, 15,2 million or more than 60% of consumers were in good standing with their credit providers, which means that they are able to fulfil their financial obligations every […]


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Privacy Policy


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.


  • 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;


  • 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;


  • 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 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: The browser software used; IP address; Date and time of activities while visiting the website; URLs of internal pages visited; and 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]