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SARS employees
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R2 million trillion: SARS collected a record high revenue in 2022/23

R2 million trillion: SARS collected a record high revenue in 2022/23. The early revenue collection results for the 2022–2023 fiscal year, which show a significant growth trajectory over the previous few years, have been released by the South African Revenue Service (SARS). Listen to the analysis on Kaya Biz here: The revenue collector released a statement revealing on how well they performed in the last financial year. "As at midnight […]

today03/04/2023

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Kaya Biz

Does the 0.5% interest rate hike mean you should fix your home loan?

Does today's interest rate hike mean you should fix your home loan? The South African Reserve Bank (SARB) has hiked the repo rate by 0.5%, a massive blow to homeowners that has led to many asking what options exist to keep afloat. Kaya Biz with Guguletthu Mfuphi spoke to Mfundo Mabaso, Growth Head, FNB Home Finance about whether the interest rate hike means homeowners should fix their home loans. LISTEN […]

today31/03/2023

SARS employees
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Kaya Biz

SARS to take a tougher stance when assessing crypto trading activities

SARS to take a tougher stance when assessing crypto trading activities. The South African Revenue Service (SARS) has taken notice of the surge in South Africans entering the cryptocurrency market sector. In South Africa, where the revenue service recently clarified that crypto asset profits and gains are liable to the standard rules of income and capital gains taxes, crypto assets have recently been defined as a financial instrument. Also Read: […]

today31/03/2023

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Kaya Biz

There have been unjustified price hikes for staple foods in South Africa

There have been unjustified price hikes for staple foods in South Africa. The Competition Commission reports that over the past two years, customers in South Africa have been subjected to "opportunistic price increases" for maize meals as well as unjustified price increases for sunflower oil, white, and brown bread. Kaya Biz with Gugulethu Mfuphi spoke to Dr. Thulani Mandiriza - Principal Economist at the Competition Commission about the report and […]

today29/03/2023

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Kaya Biz

Data finds that 65% of middle-income earners want ANC out of office in 2024

By Zuko Komisa Data finds that 65% of middle-income earners want ANC out of office in 2024. According to a BrandMapp-Silverstone report posted on the website of Cape Town-based consultancy WhyFive, a recent online survey of nearly 1500 adults showed that 65% of middle-class earners are seriously considering not supporting the African National Congress in next year's general elections. Kaya Biz with Gugulehu Mfuphi spoke to Brandon de Kock - […]

today16/03/2023

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Kaya Biz

Financially distressed consumers are cashing out on life savings to survive, reveals a study

By Zuko Komisa Financially distressed consumers are cashing out on life savings to survive. According to the Association for Savings and Investment South Africa(Asisa), more financially disadvantaged South Africans are cashing out their investments and savings and giving up their insurance policies in order to live as they feel the effects of the nation's severe economic slowdown. Kaya Biz with Gugulethu Mfuphi spoke to Hennie de Villiers, deputy chair of […]

today16/03/2023

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Kaya Biz

How Silicon Valley Bank’s closure will affect African start-ups

By Zuko Komisa How Silicon Valley Bank’s closure will affect African start-ups. There's been widespread shock following the closure of Silicon Valley Bank and the impact it will have on African start-ups. Silicon Valley Bank (SVB) which is based in Santa Clara, California caters to the tech industry and venture capital funds across the world that invest in startups. Also Read: Some recovery in generation capacity but Stage 4 loadshedding […]

today14/03/2023

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Kaya Biz

South African economy shrinks by 1.3% in the fourth quarter

By Zuko Komisa South African economy shrinks by 1.3% in the fourth quarter. In the final quarter of 2022, South Africa's economy shrank more than anticipated as a result of an increase in periodic power outages, which also caused the majority of industries—from mining to agriculture—to contract. Also Read: One killed and 21 others injured as bakkie rolls over on M71 in Johannesburg Listen to analysis of what this means […]

today07/03/2023

omair, which operates through Kulula and a license agreement with British Airways in South Africa,
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Kaya Biz

Takatso Aviation welcomes R1 billion SAA allocation

By Zuko Komisa Takatso Aviation welcomes R1 billion SAA allocation. The SA government has announced a further R1 billion ($55 million) "to assist the carrier with its business rescue process." Minister Godongwana said that the allocation was made as part of the government's dedication to the business rescue effort that SAA left in April 2021. It will be used to pay off outstanding debts, particularly those from the time SAA […]

today27/02/2023

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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 Act – To 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 1, Part A of Chapter 5, section 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]