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Markus Jooste's mistress

ENTERTAINMENT

SARB seizes assets of Markus Jooste’s alleged former mistress

By: Natasha Archary Image: Supplied The South African Reserve Bank (SARB) has seized more than R60 million in assets from the alleged former mistress of Markus Jooste, Berdine Odendaal. This follows Jooste's apparent death by suicide on 21 March, after he was slapped with a R475 million penalty by the Financial Sector Conduct Authority (FSCA) for manipulating the markets. https://www.kaya959.co.za/lineup/959-breakfast/markus-jooste-dead-by-apparent-suicide/ The 63-year-old allegedly inflated Steinhoff International’s profits by over R100 […]

today25/04/2024

repo rate unchanged

Kaya Biz

SARB keeps the repo rate unchanged at 8.25%

Zuko Komisa Image: SA Reserve Bank The repo rate is unchanged at 8.25%. The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) has decided to maintain the repurchase rate, or repo rate, at 8.25%, with unanimous consent, according to Governor Lesetja Kganyago of the bank. https://www.kaya959.co.za/news/president-ramaphosa-has-reappointed-lesetja-kganyago-as-sarb-governor/ Also Read: EFF supports DA’s call for Motion of No Confidence in Mapisa-Nqakula Arthur Kamp, Sanlam Investments Chief Economist joins Gugulethu […]

today28/03/2024

repo rate unchanged

NEWS

President Ramaphosa has reappointed Lesetja Kganyago as SARB governor

Zuko Komisa Image | @KganyagoLesetja /X President Ramaphosa has reappointed Lesetja Kganyago as SARB governor. Lesetja Kganyago has been reappointed as the Governor of the South African Reserve Bank (SARB) by President Cyril Ramaphosa for a five-year term. According to the release, Dr. Mampho Modise was appointed as Deputy Governor when Kuben Naidoo's term as Deputy Governor came to an end. The reappointment is scheduled to begin in November of […]

today15/03/2024

Kuben Naidoo

Kaya Biz

Kuben Naidoo, SARB Deputy Governor resigns

By: Natasha Archary Image: SARB Kuben Naidoo, Deputy Governor of the South African Reserve Bank (SARB) has tendered his resignation to President Cyril Ramaphosa. Naidoo, was on his second 5-year contract which was only due to end in March 2025. Dr Azar Jammine, Director and Chief Economist at Econometrix told Gugulethu Mfuphi on Kaya Biz that he was not surprised with Naidoo's decision to resign. "Am I surprised by Kuben […]

today24/10/2023

Kaya Biz: Repo rate hikes 25 basis points to 3.75%, what this means for your pocket

Point Of View

ATM slams SARB’s findings into Phala Phala calling it a cover-up for Ramaphosa

Zuko Komisa Image | @SAReserveBank / Twitter ATM slams SARB's findings into Phala Phala calling it a cover-up for Ramaphosa. Lesetja Kganyago, governor of the South African Reserve Bank (Sarb), defended the bank's Phala Phala probe, claiming they did so without fear or favor. Ramaphosa and his Phala Phala farm were given a free pass by Kganyago and the reserve bank, according to MPs in the Standing Committee on Finance, […]

today31/08/2023

nonsensical report

NEWS

EFF rejects SARB’s Phala Phala findings

By: Natasha Archary Image | @EFFSouthAfrica /Twitter The Economic Freedom Fighters (EFF) has rejected SARB's (South African Reserve Bank) Phala Phala findings, saying the bank was "abused" to exonerate President Cyril Ramaphosa. In a statement issued on Monday, 21 August, shortly after SARB released its findings from an investigation into alleged transgressions at Phala Phala, the EFF said it rejected the "nonsensical findings". "In their pathetic and poor attempt to […]

today22/08/2023

Phala Phala tax compliant

NEWS

SARB investigation clears Ramaphosa of any contravention at Phala Phala

By: Natasha Archary The South African Reserve Bank (SARB) has finalised its investigation and report into the Phala Phala matter, concluding that President Cyril Ramaphosa is clear of any wrongdoings. SARB concluded its Phala Phala investigation on 14 August, which was done in two phases. The initial phase involved a consideration of internal information and databases, and the analysis of cross-border foreign exchange transactions over the relevant period. This was […]

today21/08/2023

new SA banknotes

NEWS

SA Reserve Bank says repo rate remains unchanged at 8.25%

Zuko Komisa Image: SA Reserve Bank SA Reserve Bank says repo rate remains unchanged at 8.25%. There was a slight sigh of relief as the South African Reserve Bank Governor Lesetja Kganyago announced that the repo rate remains unchanged at 8.25%. As inflation continues to move downward, dropping to a 20-month low in June and staying below the Bank's 3%-6% target range, the SA Reserve Bank left the repo rate […]

today20/07/2023

South African money (ZAR)

NEWS

SARB to make repo rate announcement on Thursday

Zuko Komisa ZAR banknotes and coins/ Pexels Repo rate announcement to be made on Thursday. South Africans will be waiting with bated breath to hear the South African Reserve Bank (SARB)'s decision on what the new repo rate will be. The repo rate refers to the rate at which the South African Reserve Bank lends money to private banks, it also dictates how much people pay on existing loans for (credit […]

today17/07/2023

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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]