The OFM Business Hour
The latest business news from Central SA. Presented by Olebogeng Motse.
Mangaung business chamber wants by-laws to be relooked
The Mangaung Chamber of Commerce and Industry wants the metro’s by-laws to be relooked at in light of their unhappiness over rising rates and taxes. The chamber’s deputy president, Mzi Mboyana, tells the OFM Business Hour, that it is increasingly becoming unaffordable to run a small business in the metro,…
Is this a good time to purchase a brand new car?
Transunion’s vehicle pricing index has found that there is a significant drop in prices for brand new vehicles in the third quarter of 2021 as compared to the same period in 2020. But this doesn’t mean one should purchase a new vehicle when they cannot necessarily afford the overall cost…
Social employment fund seeks strategic implementing partners
The Presidential Employment Stimulus is now in its second phase and is supporting social employment as part of its portfolio of interventions to create jobs and support livelihoods. With the Industrial Development Corporation (IDC) as fund manager, a Social Employment Fund (SEF) has been launched and is seeking strategic implementing…
SA’s e-hailing sector estimated to employ 80 000-100 000 drivers
South Africa’s e-hailing sector is estimated to currently be employing between 80 000 and 100 000 drivers and/or motorcyclists countrywide, with more jobs to be generated in the next 3-5 years. The Chief Executive Officer (CEO) of youth employment engine, Lulaway, Jake Willis, tells the OFM Business Hour, that the…
Prof Waldo Krugell on inflation
The latest business news from Central SA. Presented by Olebogeng Motse.
Empathy behind spike in jobs at female driven tech businesses
The team at Endeavor South Africa believe empathy is behind the rise in jobs created at female driven tech businesses of late. Endeavor SA’s Antonia Bothner, told the OFM Business Hour that empathetic leaders are appealing to prospective talent and employees.
‘Not all contracts constitute service level agreements’ – law expert
Not all contracts constitute service level agreements (SLAs). This is according to the head of technology, media and telecommunications law at Edward Nathan Sonnenbergs commonly known as ENS Africa, Ridwaan Boda. He first explains to the OFM Business Hour that a service level agreement (SLA) is an agreement between a…
Online real estate auctions gaining traction in SA
Online real estate auctions are gaining traction in South Africa. The Chief Executive Officer (CEO) of Galetti Corporate Real Estate, John Jack, tells the OFM Business Hour that South Africa is only now following in the line of more developed nations like the United States of America and the United…
Gondongwana is in a better position than Mboweni was – NWU economist on mini budget
Expectations are such that Finance Minister, Enoch Godongwana’s maiden Medium Term Budget Policy Statement since being shuffled into the role that was previously occupied by Tito Mboweni, will be positive and upbeat. This is according to North West University (NWU) Economics professor, Waldo Krugell, who was sharing his predictions pertaining…
NC business chamber aims to return to normal, adds 50 new members
The Northern Cape Chamber of Commerce and Industry (NOCCI) is aiming to return to some resemblance of normalcy in the coming months following the disruption that was brought to the local economy by the Covid-19 pandemic. NOCCI Chief Executive Officer (CEO), Sharon Steyn, tells the OFM Business Hour, that this…
Brandstof en energiekrisis
Neil Roets, hoof uitvoerende beampte van Debt Rescue, verduidelik waarom die woord "krisis" die energiesituasie in Suid-Afrika op die oomblik vir beide brandstof en energie die beste beskryf. Hy verduidelik ook of ons binnekort R20 vir petrol gaan betaal en gee raad aan verbruikers terwyl ons deur hierdie ongelooflike moeilike…
‘Eskom needs continuity’ – CEO on resignation calls
The Chief Executive Officer (CEO) of Eskom, Andre De Ruyter, will not resign from his position, despite mounting calls for him to do so. De Ruyter said in a virtual media briefing on Tuesday afternoon that the power utility needs continuity from a leadership/management perspective and whilst it’s easy to…
‘Blackouts are killing local business’ – NOCCI
Load shedding implemented by the country’s financially strained power utility, Eskom, is killing local business one outage at a time. The Chief Executive Officer (CEO) of the Northern Cape Chamber of Commerce (NOCCI), Sharon Steyn, is the latest member of small business in the country to share this sentiment. Steyn…
Private sector done its bit to fight Covid-19, but they could do more – WHO expert
World Health Organisation (WHO) Immunization officer and healthcare expert, Dr Messeret Shibeshi, has lauded the private sector’s contribution to the overall fight against the Covid-19 pandemic, but stresses more could be done. Shibeshi was on the OFM Business Hour to delve into the socio-economic ills that have been born/exacerbated by…
Assignment of temporary spectrum a pressure test for mobile network operators
The temporary assignment of radio frequency spectrum in 2020 was a pressure test for mobile network operators. The Chief Operating Officer (COO) of TNJ Project Solutions, Nash Manyozo, tells the OFM Business Hour, that mobile operators who could withstand the pressure that came with remote working and home schooling as…
AA wants to know why petrol price announcement was delayed
The Automobile Association (AA) will approach parliament to find out why the Department of Mineral Resources and Energy’s announcement on record high petrol prices was kept to the last minute on Election Day. On Wednesday already financially strained South Africans started paying R 1, 21 a litre for petrol, R…
Is it bye to the lay-bye?
The buy now, pay later movement on etailers was born from the traditional lay-bye. The Chief Executive Officer (CEO) and co-founder of Spot Money, Andre Hugo, tells the OFM Business Hour that this is what inspired the partnership between themselves and Payflex. Hugo warns that that even though the buy…
Werkplek-inentingsmandaat
Charleen de la Hunt, van 'n onafhanklike advokaatfirma, Innovation Legal, verduidelik of ongeënte mense in die werkplek toegelaat moet word, as dit die risiko verhoog om hul medewerkers te besmet. Sy verduidelik ook wat is die implikasies as infeksies in jou werkplek versprei en sy bespreek ook of 'n werkgewer…
Kenya ups the ante on war on counterfeit goods
Kenya has proposed anti-counterfeit recordation regulations that are set to up the ante on the country’s war on rampant counterfeit goods. OFM Business Hour, spoke to ENS Africa’s Mahesh Acharya to find out more on the regulations. The executive anticipates the regulations will be implemented before the end of 2021.
Kry besigheidsversekering wat soos handskoen pas
OFM Inhoudsbestuurder, Elzette Boucher-Krüger gesels met Louan van Rooyen, hoof-aktuaris by Besigheidsversekering, OUTsurance