5 things you need to know in business today

Here’s what is happening in the markets:

  • In a rather surprising move, Britain has voted to leave the European Union in its referendum held on Thursday. Many economists and analysts had predicted a “stay” vote, but the nearly complete results showed a 51.7%/48.3% split for leaving. While the long-term effects of the vote are yet to be seen, the immediate impact was panic, with several currencies, including the South African rand, losing ground in the markets.

In other news: The High Court will today decide whether or not president Jacob Zuma and the NPA can appeal its ruling that the president should face corruption charges. The DA is confident that leave to appeal will be denied, but it is expected that in any event, the parties will go to the Supreme Court of Appeal directly.

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5 things you need to know in business today