GUEST - Chad Thomas- Founder and forensic investigator at IRS

Forensic Investigations IRS Forensic Investigations (“IRS”) is a private company whose members have received multiple awards. IRS members have received more awards from the security industry regulator and representative associations than any other registered private investigations company in South Africa. Kaya FM

GUEST – Werner de Jager, CEO of Cashbuild

Cashbuild, one of southern Africa’s largest retailers of quality building materials and associated products, selling direct to a predominantly cash-paying customer base through 318 stores, reported its results for the six months ended 29 December 2024 (“1H2025”). The improved results were delivered despite macroeconomic and trading conditions still being challenging in the period under review.

The benefits of the Two-Pot System, interest rate cuts and moderated cost inflation did not translate into the expected growth for the building retail sector. Group revenue for the period increased by 5% to R6.1 billion from R5.8 billion (December 2023). Revenue for the 309 stores opened prior to July 2023, increased by 4% and our 9 new stores contributed 1% to total revenue.

Selling price inflation was 1.5% at the end of December 2024 when compared to December 2023. Gross profit remained at similar levels while gross profit margin percentage decreased from 24.7% (December 2023) to 24.3%. Kaya FM

GUEST – Cobus Loubser, Chief Executive Officer of Curro.

Curro Holdings Limited today announced its financial results for the year ended 31 December 2024, demonstrating the resilience of its business model in a challenging economic environment. Curro continues to successfully balance its social mission of delivering excellence in education in which “every child matters”, while producing attractive returns for investors.

In a year of remarkable academic and sports achievements and despite challenging economic conditions impacting on consumer spending, Curro increased its revenue by 8% to R5.1 billion. EBITDA grew by 9% to R1.26 billion and headline earnings per share increased by 13% to 83 cents, highlighting the strength of Curro's business fundamentals. For the second consecutive year, Curro generated more cash from operations than its capital expenditure, with an increase of 23% to R197 million in free cash. Kaya FM

GUEST - Cassie Jaganyi, Head of Communications at Uber South Africa

When it comes to food delivery, South Africans know exactly what they want — and they’re not afraid to ask for it! New data from Uber Eats’ 2024 Cravings Report reveals the country’s top food delivery trends, showcasing a love for luxury with orders of an expensive cognac, a passion for crispy chicken and chips, and a flair for the poetic in their special requests.

South Africans are embracing the ease and efficiency of food and grocery delivery like never before. And, behind every order lies the dedicated delivery drivers ensuring that food and essentials reach customers swiftly, with the fastest Uber Eats delivery completed in just 89 seconds. Whether it’s a late-night meal, a last-minute ingredient, or a full grocery haul, customers are seizing the convenience at their fingertips offered by Uber Eats with vigor. Kaya FM

GUEST - Peter Attard Montalto - Managing Director and Global Lead for Capital Markets, Political Economy, and JET at Krutham

The VAT question and US foreign policy question have something in common — they both involve pragmatism. The VAT debate has been fascinating because it is so multifaceted that several things can be true at once.

It can be true that VAT is the best tax to hike if you have to raise more revenue, while it can also be true that parties see political advantage in prioritising different mixes of tax and spending. What might make sense in terms of dry, dispassionate fiscal policy may well not be appropriate from a political priority standpoint.

Similarly, what is best for one budget or political event in the government of national unity (GNU) might not be the case for several budgets and GNU fights one after another. Kaya FM

Guest - Tshepo Moloi. Co-founder & CEO of StokFella

South Africa’s stokvel market is a multi-billion rand industry, deeply rooted in community savings and investment. But in today’s digital age, how is this traditional practice evolving?

Tonight on #KayaBiz, we speak to the CEO of StokFella, a company revolutionizing stokvels through digital innovation. We’ll dive into how their platform is transforming the way stokvels operate, making saving, investing, and managing funds easier and more secure. Kaya FM

GUEST - Marcia Mayaba, Sales Vice President, Auto Information Services at TransUnion

The latest TransUnion South Africa Vehicle Pricing Index (VPI) for Q4 2024 reveals a cautiously optimistic outlook for the country’s automotive sector, with improving economic conditions encouraging consumer confidence while affordability challenges continue to shape purchasing decisions.

Key insights from the report indicate a continued shift towards used vehicles, with financing for pre-owned vehicles outpacing new car financing at a ratio of 1.56 to 1, up from 1.23 in Q4 2023.

Meanwhile, new vehicle prices increased by 1.7% due to supply chain constraints and production costs, while used vehicle prices declined by 2.8%, making them a more attractive option for cost-conscious buyers. Despite these challenges, new vehicle finance agreements grew by 12.7% year-over-year (YoY), with Gen X and Millennials accounting for 67% of new agreements*. Kaya FM

GUEST - Mustaq Brey – CEO of Brimstone

Brimstone today released its Group results for the year ended 31 December 2024. Brimstone reported Headline Earnings per share of 108 cents, up 51% from the prior year. However, due to the deconsolidation of Sea Harvest following the Terrasan transaction, a loss on deemed disposal of R562.1 million was recognised, resulting in a loss per share for the year.

The Group fully disposed of its investments in Milpark, STADIO and Equites, and partially disposed of its investments in Phuthuma Nathi and MTN Zakhele Futhi for a total consideration of R673.6 million, in line with its stated objective to reduce debt through disposals.

During the year, R516.8 million was used to repay debt and at year end the Group’s long-term debt was R1.7 billion, down from R2.2 billion at prior year end. The debt-reduction process is ongoing and the Group is on track to meet its own target of reducing debt by R600 million by the end of 2025. Enhancing shareholder returns remains a focus for the Board and management, and the Group repurchased 4.5 million shares for R21.7 million during the year. A further 861 325 shares were repurchased for R4.3 million subsequent to the year end. Kaya FM

GUEST - Pieter Engelbrecht – CEO of Shoprite Group

Shoprite’s latest results revealed that the retailer is facing significant challenges, with its share price plummeting 6% before rebounding.

On Tuesday, 4 March 2025, Shoprite released its unaudited results for the 26 weeks ending 29 December 2024.

The Shoprite Group, which includes Shoprite, Checkers, and Usave, increased revenue by 9.4% to R130.8 billion.

Merchandise sales increased by 9.6% to R128.6 billion, while sales from its South African supermarkets increased by 10.4% to R107.7 billion.

Diluted headline earnings per share increased by 9.9% to 659.9 cents from the restated 600.3 cents in the prior period.

The Shoprite Group opened a net total of 283 stores during the past year and increased its staff complement by 2,989 employees in six months. Kaya FM

GUEST - Adrian Gore – CEO of Discovery Group

Discovery today presented its interim financial results for the six-months ended 31 December 2024 to the investor community. Group Chief Executive, Adrian Gore, provided context to the Group’s strong performance and consistent growth across the two composites of the business. Kaya FM