Guest - Jacky Molisane - Acting Director-General at the Department of Employment and Labour

The Department of Employment and Labour has raised concerns about a spate of retrenchment notices that have gone out at major companies in South Africa, which could impact over 250,000 people down the line.

Minister of Employment and Labour, Nomakhosazana Meth, said she was “gravely concerned” about the retrenchments affecting Ford South Africa, ArcellorMittal South Africa (AMSA) and Goodyear SA. Kaya 959 · Kaya FM

Guest - Dokek Pater – Telecoms Analyst

Cell C’s path to the JSE is taking shape. Its largest shareholder, Blue Label Telecoms, has announced a sweeping restructuring aimed at strengthening Cell C’s balance sheet and capital structure ahead of a potential 2026 listing. The plan includes debt-to-equity conversions, asset transfers, and a “flip-up” of existing Cell C shares into a new Cell C ListCo entity.

Telecoms analyst Dokek Pater breaks down what these moves mean for Cell C’s growth ambitions, investor appetite, and South Africa’s highly competitive mobile landscape. Could this be the turning point that positions Cell C as a credible independent player on the JSE? Kaya 959 · Kaya FM

Guest - Brenda Baijnath - Group Chief Financial Officer for Motus.

Motus Holding’s Limited’s (Motus) delivered a resilient performance for the year ended 30 June 2025 characterised by two distinct halves. The first half was marked by economic uncertainty across the Group’s operating regions, high interest rates and intensified competition.

Focused management actions, however, in the second half of the year targeting sales, margin recovery and operational efficiency resulted in a significant turnaround. The improved second half performance bolstered the Group’s overall performance. Kaya 959 · Kaya FM

Guest – Radhesen Naidoo, joint head of Institutional Clients at Allan Gray

A 25-year period of investing is a long time. To put this into context, if we cast our minds back 25 years, it was the beginning of the new millennium, we had just filed away Y2K crisis preparation plans, and we still watched the SABC news for world updates. Mission: Impossible 2 was the highest-grossing film of 2000 and technology investments were the fashion – as they are today. The turn of the century also marked the launch of the Allan Gray Stable Fund.

Amid a turbulent and uncertain investment landscape, cautious investors often look to preserve capital while achieving above-inflation returns. Radhesen Naidoo, joint head of Institutional Clients at Allan Gray, joins Kaya Biz to discuss why a low-equity unit trust, like the Allan Gray Stable Fund, remains a sound solution for the cautious investor, especially within the current environment. Kaya 959 · Kaya FM

Guest – Mustaq Brey – CEO of Brimstone

Brimstone today released its Group results for the six months ended 30 June 2025.

The Group reported headline earnings per share (“HEPS”) of 96.9 cents (2024: 71.9 cents), up 35% on the comparative period. This improvement was driven mainly by stronger profitability at Sea Harvest and supported by lower finance and operating costs at Brimstone.

“Despite a turbulent global and domestic economic environment, Brimstone delivered a strong performance, with attributable profit improving to R252.1 million, compared to a loss of R295.7 million in the prior period, driven primarily by the performance of Sea Harvest. Kaya 959 · Kaya FM

Guest – Pieter Engelbrecht, Chief Executive Officer of Shoprite Group

The Shoprite Group has published its results for the 52 weeks ended 29th June 2025, surpassing the R250 billion sales mark with sales growth of R20.6 billion for the period.

CEO of Shoprite, Pieter Engelbrecht, says the Group returned R16.5 billion at point-of-sale while successfully maintaining its selling price inflation at only 2.3% in its core Supermarkets RSA segment.

Shoprite and Usave recorded a sales increase of 5.9% translating to R6.5 billion in sales growth from a base of R110.1 billion with the Group managing to keep Shoprite’s pricing inflation below 2%.

Checkers recorded sales growth of 13.8%, adding R11.6 billion to reach almost R100 billion in sales while Sixty60 reported sales growth of 47.7% to measure R118.9 billion. Kaya 959 · Kaya FM

Guest - David Morobe, regional general manager at Business Partners Limited.

The education sector in South Africa remains one of the major challenges for our country, with many public schools struggling to yield positive results and private schools being too costly for many South African households to afford. This challenge, however, signals a gap in the market and provides an opportunity for small and medium enterprises (SMEs) in the private education sector to flourish while contributing to improvements in the education sector.

The opportunities available to SMEs wishing to enter into the education sector are extensive – from private pre-primary schools to support services and innovative educational products. If SMEs take advantage of this opportunity, the education sector can not only be improved but also become more inclusive to provide the best prospects for all of South Africa’s children to one day contribute to a better-performing economy with lower levels of inequality and lead to improved lives. Kaya 959 · Kaya FM

Guest - Andrew Amoils is Head of Research at wealth intelligence firm New World Wealth

Africa’s millionaire population is projected to grow by 65% over the next decade, according to the newly published Africa Wealth Report 2025. The continent is currently home to 25 billionaires, 348 centi-millionaires, and 122,500 millionaires — a remarkable transformation from the late 20th century, when there were only a few billionaires and many African economies were in long-term decline.

Now in its 4th year, the report published annually by international wealth advisory firm Henley & Partners in collaboration with its global wealth intelligence partner New World Wealth shows that private wealth markets across Africa are expanding strongly despite global headwinds, underpinned by robust economic growth. Sub-Saharan Africa’s economy is forecast to grow by 3.7% in 2025 — outpacing Europe (0.7%) and the US (1.4%) — with growth projected to reach 4.1% in 2026. Kaya 959 · Kaya FM

Guest – Bongani Madikiza- CEO of Sanlam Retail Mass.

Sanlam is setting its sights on the mass market with a bold target of 10 million policies, following its landmark Assupol acquisition. The move signals a direct challenge to banks in the fight for financial services dominance, especially in the entry-level and middle-income segments.

We speak to Bongani Madikiza, CEO of Sanlam Retail Mass, about how this deal reshapes the insurance landscape, the opportunities in the mass market, and what it will take for Sanlam to meet such an ambitious goal. Kaya 959 · Kaya FM

Guest – Mpumi Madisa, Bidvest CEO

Services, trading and distribution group, Bidvest, has delivered a resilient result for the year ended 30 June 2025, closing with a stronger year-on-year performance in the second half, backed by excellent operational cash generation that increased by 5.8% to R14.7 billion, after working capital.

Key Highlights:

•  R126.6 billion revenue, +5%

•  R12.0 billion trading profit, +1%

•  Trading profit margin of 9.5%, down 40bps

•  R14.7 billion cash generated by operations, +6%

•  ROFE 36.9%

•  Continuing operations Normalised HEPS 1 886.4 cents, +1%

•  Group Normalised HEPS 1 952.7 cents, -1%

•  Continuing operations HEPS 1 759.5 cents, -3%

•  Group HEPS 1 870.8 cents, -2%

•  Final dividend of 453 cents, +1% Kaya 959 · Kaya FM