{"id":115998,"date":"2016-03-09T08:10:13","date_gmt":"2016-03-09T06:10:13","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=115998"},"modified":"2016-03-09T08:10:13","modified_gmt":"2016-03-09T06:10:13","slug":"5-things-you-need-to-know-before-trading-opens-today-8","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/115998\/5-things-you-need-to-know-before-trading-opens-today-8\/","title":{"rendered":"5 things you need to know before trading opens today"},"content":{"rendered":"<p>Here is what&#8217;s happening in the markets:<\/p>\n<ul>\n<li><strong><a href=\"http:\/\/www.bdlive.co.za\/business\/technology\/2016\/03\/09\/mtn-relief-from-zumas-nigerian-trip\" target=\"_blank\">MTN is still in talks with Nigerian authorities to reduce the $3,9 billion fine that was imposed on the telco<\/a><\/strong> for failing to disconnect millions of unregistered SIMs from its network. President Jacob Zuma is in the country on a state visit, and the fine is understood to be on his agenda. Nigeria&#8217;s leader says that <strong><a href=\"http:\/\/businesstech.co.za\/news\/mobile\/115980\/mtn-fuelled-terrorist-group-nigerian-president\/\" target=\"_blank\">MTN assisted the terrorist group Boko Haram by not blocking the SIMs<\/a><\/strong>, and is partially responsible for thousands of deaths &#8211; which is why the group was fined.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.bdlive.co.za\/economy\/2016\/03\/09\/spending-slows-as-hard-times-hit-sa\" target=\"_blank\">Hard times have hit South Africa, and consumers are suffering because of it<\/a><\/strong>. The country&#8217;s spending growth has slowed down to levels last seen in 2009 &#8211; and the prospects for 2016 are not looking great &#8211; while the country faces high unemployment, rising interest rates, a widening budget deficit and less investment from private companies.<\/li>\n<\/ul>\n<ul>\n<li>South Africa&#8217;s rand eased on Tuesday after data showed a widening current account deficit, while stocks were spooked by brittle Chinese trade figures that sent Kumba Iron Ore shares into a tailspin. <strong><a href=\"http:\/\/www.xe.com\/currencycharts\/?from=USD&amp;to=ZAR\" target=\"_blank\">On Wednesday, the rand was trading at R15.47 to the dollar, R21.93 to the pound and R16.97 to the euro<\/a><\/strong>.<\/li>\n<\/ul>\n<ul>\n<li>In global news, <strong><a href=\"http:\/\/af.reuters.com\/article\/southAfricaNews\/idAFL5N16H08X\" target=\"_blank\">sharp losses in Chinese stocks pulled Asian equities further away from two-month highs<\/a><\/strong> on Wednesday, as weak trade figures from the world&#8217;s second-biggest economy and a retreat in oil prices revived concerns about global growth.<\/li>\n<\/ul>\n<ul>\n<li>Oil prices dipped on Wednesday, weighed down by a strengthening U.S.-dollar and concerns over slowing demand, although falling U.S. production lent crude markets some support. In local energy news, <strong>S<a href=\"http:\/\/af.reuters.com\/article\/southAfricaNews\/idAFL5N16H08X\" target=\"_blank\">outh Africa will give the green light in the next 12 months to companies looking to explore for shale gas under the semi-arid Karoo basin<\/a><\/strong>, the government said on Tuesday.<\/li>\n<\/ul>\n<p><strong>In other news<\/strong>:\u00a0Corruption Watch conducted 10 investigations into allegations of corruption in schools during the past year &#8211; <strong><a href=\"http:\/\/www.news24.com\/SouthAfrica\/News\/schools-are-corruption-hotspots-corruption-watch-20160309\" target=\"_blank\">making it one of its corruption hotspots for 2015<\/a><\/strong>. The group said it\u00a0received 1,128 reports of school corruption from the public during the year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here s what&#8217;s happening in and affecting South Africa&#8217;s market today (9 March 2016)<\/p>\n","protected":false},"author":10,"featured_media":110603,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,11121],"tags":[26,175],"class_list":["post-115998","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-finance","tag-headline","tag-jse"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/115998","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\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=115998"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/115998\/revisions"}],"predecessor-version":[{"id":116008,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/115998\/revisions\/116008"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/110603"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=115998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=115998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=115998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}