The National Energy Regulator of South Africa (NERSA) has approved higher electricity tariff increases for Eskom over the next two financial years, after acknowledging errors in its previous calculations. Under the revised decision, Eskom's electricity prices will increase by 8.76% in April this year and a further 8.83% in April 2027. Rushe Moleshe, energy analyst, helps us understand how this will affect South African households and businesses in practical terms. Kaya FM

Standard Bank Chief Economist Goolam Ballim joins Gugulethu to discuss global military dynamics, economic trends, and socio-political developments in 2026, focusing on the US, China, and Africa. Kaya FM

Pick n Pay shares slumped by as much as 14% on Tuesday as the retailer warned of a larger-than-expected loss for the 52 weeks to 1 March as the turnaround of its core company-owned supermarkets in South Africa stalled towards the end of calendar 2025. This announcement was made after the market closed on Monday. It expects its annual loss to widen by more than 20% which it admits is a “disappointment”. Previously, it had guided that its trading loss would be “broadly in line” with that of its previous financial year. Victor Seanie, Head of SA Research at Benguela Global Fund Managers gives analysis on what is driving Pick n Pay’s widened loss despite its turnaround efforts. Kaya FM

Global hotel group Hilton has cut ties with the owners of the well-known Hilton Durban hotel adjacent to the Inkosi Albert Luthuli International Convention Centre (Durban ICC) in the city. Brett Tungay, National Chairperson of FEDHASA looks at the impact on Durban tourism. Kaya FM

More than 150 CEOs in Africa who participated in PwC’s 29th Global CEO Survey demonstrate strong operational resilience and reinvention as they navigate currency fluctuations, political uncertainty, infrastructure constraints and supply chain disruptions. Hannelie Gilmour, Consulting& Transformation platform Leader, PwC South Africa joins Kaya Biz. Kaya FM

Tonight we turn to South African Airways, which according to Moneyweb says it has moved from a R354 million loss to a R155 million profit for the financial year ending March 2025. The airline reports a 36% jump in revenue to R8.8 billion, nearly R2 billion in cash on hand, no interest-bearing debt, positive equity of more than R6.6 billion, and a steadily expanding fleet and route network. To help us unpack this, we are joined by aviation analyst Guy Leitch. Kaya FM

According to Mzila Mthenjane, CEO of the Minerals Council South Africa (MCSA), growth in the mining sector will revitalise the South African economy and job creation. However, the sector’s growth largely depends on investment, which is hindered by regulatory and operational bottlenecks. The MCSA held a media briefing to launch its 2025 Facts & Figures Pocketbook at the 2026 Investing in African Mining Indaba in Cape Town. Kaya FM

Ahead of SONA, Osagyfo Mazwai, Investment Strategist at Investec Wealth & Investment anticipates the Presidents emphasis to be on education, skills development and youth employability which will signal truth around: South Africa’s economic recovery depends on whether today’s learners can become tomorrow’s workers, not just graduates. The workforce of the future will not be shaped by degrees alone, it will be shaped by access to relevant skills, exposure to real work environments and early alignment between education and the economy. Kaya FM

President Cyril Ramaphosa will deliver the State of the Nation Address (SoNA) on Thursday, 12 February 2026 at 7pm. The address will take place before a joint sitting of the two houses of Parliament. Prof Simphiwe Madikizela from the Department of Economics at UNISA and Guguluthu go through expectations for SONA 20206. Kaya FM

The United States has renewed the African Growth and Opportunity Act (AGOA), but only for a short, one-year period ending in 2026. Is this a genuine renewal or simply buying time while the US rethinks the programme? Victor Kgomoeswana, well known African business expert unpacks this. Kaya FM