Check the oil level, to make sure it is registering on the dip stick, left side, black plastic knob that screws into the engine/transmission. Smell the oil, to make sure it isn't burning. Oil is shared between the engine, and the transmission.
You will need to replace the suspension, front and rear. Progressive Fork Springs, and Progressive 412 Rear Shocks, will be spendy, but they improve the handling dramatically, making it ride like a modern bike, and handle much, much better, and safer. When you replace them, do both ends at the same time, or it will be less than desirable in handling, as they work hand in hand. When you change out the Fork Springs, put in new Dexron V ATF Fluid -- fork oil is very expensive ($15/quart, while Dexron V ATF is only around $5/quart, rougly equal to 8 Weight Fork Oil).
Don't know about South Africa, but if possible, use Shell Rotella T6 Synthetic Engine Oil. It may not be a true synthetic, but it works like one, at a fraction of the cost. I run it in all of my vehicles. It is higher in detergents than most automotive oils, so it will, with time, and use, clean your engine and transmission nicely. It is rated for cars, even though it is a "diesel" oil; it is rated for use in MC's, by Japan. I ran it in my '79 CB750K, without issue.
The '79 K was the first year for the DOHC. Mine ran rock solid, even when touring two up, with full saddlebags, trunk, and tank bag! In 2009, we rode it 1,935 miles, circling Lake Superior, through the upper States, and across southern Canada, without issue in four days of rain. Loved that bike! Only sold it because we bought a dedicated touring machine, and it sat idle for more than a year. Couldn't let it dry rot.
Fix it up properly, maintain it properly, and it will run for 80k miles, or more, without issue. That assumes P/O's took good care of it, as well. Mine had been well maintained, and I took very good care of it, as well. It was a dead reliable machine, which I would not hesitate to ride across North America, and back again -- my body would fail before that bike did. Cheers!
1979 CB750K (sold, 2012, but not forgotten)
1983 Kawasaki 440 LTD Belt Drive (sold, 2011)
1993 Kawasaki Voyager XII