The OFM Business Hour
The latest business news from Central SA. Presented by Olebogeng Motse.
Confidence Index reflection of resilience, tenacity
The South African Chamber of Commerce and Industry’s (SACCI) Business Confidence Index of 94.1 in January 2022 is a reflection of businesses’ resilience and tenacity during tough times. SACCI senior economist, Richard Downing, says the business community and certain parts of society have succeeded in keeping the economy going by…
Are Saffas buying more local goods?
Are South Africans buying more local goods than before? Well the simple answer is yes. This is according to the chief marketing officer at Proudly South African, Happy Makhumalo Ngidi, who says there is a visible change in attitudes towards home grown products and South Africans no longer believe that…
Interest in renewable energy amid blackouts
Interest from small and mid-size enterprises in South Africa around renewable energy generation systems are at a peak, as the country experiences rolling blackouts due to power supply constraints. This is according to Managing Director of Retail Capital, Miguel da Silva, who tells the Business Hour that he and his…
Nedbank Landboudienste - Besigheidsgroei in landbou
Om jou landboubesigheid te laat groei, benodig jy die regte vennootskappe en ’n span landboukundiges wat hulself in jou sektor en besigheid verdiep. Nedbank se groter prentjie-benadering beteken om die mees geskikte en innoverende bankoplossings aan te bied om aan jou spesifieke behoeftes te voldoen. OFM-inhoudredakteur, Elzette Boucher-Krüger, kom meer…
Fuel price structure petition gains momentum
The Automobile Association’s petition to have the fuel price structure reviewed is gaining momentum, with nearly 25 000 citizens having signed on thus far. The AA’s Layton Beard says February’s fuel price hike proves that the components of the fuel price needs to be reviewed as soon as possible. Also…
Is this the time to purchase rental property or not?
Acquiring residential property with the intention to rent out, has never been more affordable, with prices still at below market rates as a result of the Covid-19 pandemic. However, the rental market has taken a knock, with many citizens unable to afford paying rent presently as a result of the…
Be part of growing the FS economy
The CEO of the Black Business Chamber in the Free State, Lucky Motsamai, and Mosebetsi Dhladhla, Chairperson of the Black Management Forum in the Free State joined Nick Efstathiou on the OFM Business Hour to discuss an exciting business breakfast that will be hosted on the 31 January 2022. The…
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'.