{"id":100060,"date":"2015-10-02T08:27:03","date_gmt":"2015-10-02T06:27:03","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=100060"},"modified":"2015-10-02T08:30:55","modified_gmt":"2015-10-02T06:30:55","slug":"new-bill-threatens-us-sa-relations","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/100060\/new-bill-threatens-us-sa-relations\/","title":{"rendered":"New bill threatens US-SA business relations"},"content":{"rendered":"<p>US officials\u201a anxious to repair a troubled &#8220;partnership&#8221; with SA\u201a fear a deepening breach in relations if President Jacob Zuma signs the Private Security Regulation Amendments Bill in its present form\u201a the newspaper reported.<\/p>\n<p>This is because of mandates imposed by Congress requiring the US to vote against International Monetary Fund (IMF) and World Bank loans to any country found to have expropriated US property without compensation or arbitration. It would also have to deny bilateral official finance and guarantees to those countries.<\/p>\n<p>Section 20 of the bill\u201a which is awaiting Mr Zuma\u2019s signature\u201a would require multinational private security companies to reduce their shareholding in local subsidiaries to 49% or less\u201a resulting\u201a the industry fears\u201a in a fire sale of assets at less than fair market value.<\/p>\n<h3 class=\"my-4\">More on SA business<\/h3>\n<p><strong><a title=\"Permalink to 9 things holding business back in South Africa\" href=\"http:\/\/businesstech.co.za\/news\/business\/99798\/9-things-holding-business-back-in-south-africa\/\" rel=\"bookmark\">9 things holding business back in South Africa<\/a><\/strong><\/p>\n<p><strong><a title=\"Permalink to Business cooperation is key to ANC\u2019s goals\" href=\"http:\/\/businesstech.co.za\/news\/business\/98926\/business-cooperation-is-key-to-ancs-goals\/\" rel=\"bookmark\">Business cooperation is key to ANC\u2019s goals<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A South African security bill that will require international firms to give up 51% of their business operations is threat to SA-US relations<\/p>\n","protected":false},"author":38,"featured_media":95131,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[9872],"tags":[25,10580,853,845],"class_list":["post-100060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-active","tag-secutiy-bill","tag-south-africa","tag-usa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/100060","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=100060"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/100060\/revisions"}],"predecessor-version":[{"id":100064,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/100060\/revisions\/100064"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/95131"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=100060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=100060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=100060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}