The OFM Business Hour
The latest business news from Central SA. Presented by Olebogeng Motse.
Corporates encouraged to direct CSI spend towards rural projects
South African entities and businesses are being encouraged to direct more of their corporate social investment (CSI) spend towards rural based projects in the country as opposed to those solely in urban areas. CSI consultant at Mamas Alliance, German More, tells the OFM Business Hour that he is of the…
Financial literacy key to financial freedom
“Financial literacy is about understanding the concepts that relate to saving, investing and debt. And how it then allows you to make financially responsible decisions.” This is according to Nomi Bodlani, the head of strategic markets at Allan Gray, who says financial literacy is an important key to financial freedom…
Nedbank Landboudienste - Transformasie in Landbou
Die OFM Sake-Uur verwelkom met trots Nedbank Landboudienste as borg van die program. Ons gaan oor die volgende aantal weke hoor van kenners op verskeie gebiede ondermeer: transformasie, besigheidsgroei, volhoubaarheid, klimaatsveerkragtigheid, en digitale en e-handel. OFM Inhoudsbestuurder, Elzette Boucher-Krüger het met die Funksionele Hoof Landbou – Nedbank verhoudingskanale, Daneel Rossouw,…
Improved road safety translates to lower insurance premiums
The insurance industry benefits from the introduction of a system by government that aims to improve road safety in the country, but maintains that the system needs to be administered properly. This is according to spokesperson for Old Mutual Insure, Lizo Mnguni, who was reacting to the North Gauteng High…
Cryptocurrency rallies due to institutional adoption
Increased institutional adoption – a movement led by established corporate giants – helped cryptocurrency leap into record highs in 2021. This is according to the head of global payments at cryptocurrency platform, Luno, Louis van Staden, who says the change in attitudes towards crypto have been driven largely by engagements…
‘Good service doesn’t cost anything, it’s a state of mind’
Good service doesn’t cost anything, it’s a state of mind says Gus van der Spek, developer of upmarket retirement village Wytham Estate. Van der Spek was saying this in reference to ways in which existing senior living centres and retirement villages can make their facilities more social. The AVIEW property…
SQ-easy co-founder encourages start-ups to keep focused and follow through with ideas
The Welkom based co-founder of popular sanitiser dispenser, SQ-easy wristbands encourages other start-ups to remain focused on their business goals and follow through with their ideas. Jolene de Sousa, tells the OFM Business Hour, that this is the prevailing lesson she acquired in the process of researching and developing the…
Estate living still ideal for South African home buyers
Estate living is still ideal for South African home buyers, even in a tough economic climate. Former Olympian, shareholder and marketing director of the landmark Val de Vie Estate in the Western Cape’s Paarl valley, Ryk Neetling explained to the OFM Business Hour why estates are ideal for the modern…
Fintech lenders continue to fill in the funding gap in SA
Fintech lenders in South Africa are continuing to lead the charge in filling in the funding gap for businesses in the country. The OFM Business Hour sat down with the Chief Executive Officer (CEO) and co-founder of Fundrr, Idan Jaan, on the rise of alternative funding models for small, medium…
AA calls for SA to get ball rolling on fuel price structure review
The Automobile Association of South Africa is calling on Finance Minister, Enoch Godongwana, to expedite the review of South Africa’s fuel price structure. The AA’s Layton Beard, says whilst they welcome Godongwana’s acknowledgement during his Medium Term Budget Policy Statement (MTBPS) aka the mini-budget speech in late 2021 that there…
AA calls for SA to get ball rolling on fuel price structure review
The Automobile Association of South Africa is calling on Finance Minister, Enoch Godongwana, to expedite the review of South Africa’s fuel price structure. The AA’s Layton Beard, says whilst they welcome Godongwana’s acknowledgement during his Medium Term Budget Policy Statement (MTBPS) aka the mini-budget speech in late 2021 that there…
Opportunists taking advantage of effects of global semiconductor chip shortage of car prices
There are opportunists in the automotive market who are exploiting unsuspecting buyers in the used vehicles’ market as prices rise over the global semiconductor chip shortage. Spokesperson for Old Mutual Insure, Lizo Mnguni, tells the OFM Business Hour some of these opportunists are charging exorbitant prices for used vehicles that…
Read of Week – what makes good leadership?
The OFM Business Hour sat down with retired educator turned author, Noah Kaindama, to get his thoughts on good leadership as outlined in his debut books: 'the Real President and its sequel the Real President II'.
Domestic workers now covered by the Compensation Fund.
Bheki Ngcobo from the Department of Employment and Labour breaks down the Revised Employer Assessment Model Regulation under the Compensation Fund to the OFM Business Hour.
SA's economy contracts by 1,5% in the third quarter
North West University (NWU) Economics Professor, Waldo Krugell, weighs in on the latest GDP figures by Statistics SA, that indicate South Africa's economy shrank for the third quarter of 2021 - July to September.
DESTEA reignites tourism in the province
The head of the Free State Department of Small Business Development, Tourism and Environmental Affairs (DESTEA), Mbulelo Nokwequ, speaks to the OFM Business Hour about the programmes the department is introducing to help boost tourism in the province.
Rising cybercrime posing a threat to online real estate transactions
Rising rates of cybercrime globally are posing a serious threat to online transactions in the real estate space. The OFM Business Hour, sat down with Jackie Smith, the head of Buyers Trust, which is a subsidiary of Ooba on how real estate agencies need to be cogniscant of how they…
Can you lose your job for not strictly following Covid-19 regulations?
Attorney and founder of the Legal Affair, Nonhlanhla Mtshali, weighs in on the legality around this question on the OFM Business Hour. Mtshali’s expert opinion comes after the country’s labour court, deemed it ok for an employer to oust an employee for not strictly adhering to Covid-19 protocols. According to…
Newly installed SPU Vice-Chancellor, Prof Crouch joins #OFMBusinessHour
The Installation of Professor Andrew M. Crouch as the second Vice-Chancellor and Principal of Sol Plaatje University took place on Friday, 26 November 2021, at the Sol Plaatje University Community Hall on South Campus in Kimberley.
Approach black Friday with some pragmatism
The head of growth at leading South African Buy-Now Pay-Later (BNPL) fintech company, Payflex, Jarred Deacon, advises consumers to approach Black Friday with some pragmatism. Deacon suggests that you should “load your baskets before black Friday, keep them on in terms of your essentials and necessities. Once you have those…