{"id":116994,"date":"2016-03-16T08:28:21","date_gmt":"2016-03-16T06:28:21","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=116994"},"modified":"2016-03-16T08:28:21","modified_gmt":"2016-03-16T06:28:21","slug":"5-things-you-need-to-know-before-trading-starts-today-3","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/116994\/5-things-you-need-to-know-before-trading-starts-today-3\/","title":{"rendered":"5 things you need to know before trading starts today"},"content":{"rendered":"<p>Here is what&#8217;s happening in the markets<\/p>\n<ul>\n<li><strong><a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-03-15\/south-african-police-says-finance-minister-can-t-stymie-probe\" target=\"_blank\">The Hawks investigative unit has finance minister Pravin Gordhan in its crosshairs and it is refusing to back down<\/a><\/strong>. A standoff between the two parties has intensified, with the police unit saying\u00a0it will take action against Gordhan after he missed two deadlines to answer their questions relating to a so-called &#8220;rogue unit&#8221; set up at SARS under his watch.<strong><a href=\"http:\/\/www.bdlive.co.za\/national\/2016\/03\/16\/rand-hit-as-hawks-threaten-gordhan\" target=\"_blank\"> SA markets took a knock after the threat<\/a><\/strong>.<\/li>\n<\/ul>\n<ul>\n<li>Despite many denials, the Gupta family cannot shake its ties with the ANC government, president Jacob Zuma and the allegations of state capture. <a href=\"http:\/\/www.bdlive.co.za\/national\/2016\/03\/16\/anc-veteran-warns-zuma-on-gupta-influence\" target=\"_blank\"><strong>A former ANC member of parliament has stepped forward claiming that the Guptas had offered her a post in Cabinet<\/strong> <\/a>&#8211; as long as she did a few favours. The claim has been denied by the family.<\/li>\n<\/ul>\n<ul>\n<li>South Africa&#8217;s rand plunged to its weakest in two weeks and\u00a0bond yields jumped on Tuesday after police said they would\u00a0exercise &#8220;constitutional powers&#8221; to push Finance Minister\u00a0Pravin Gordhan to answer questions about a spy unit in the\u00a0revenue service.<strong> <a href=\"http:\/\/www.xe.com\/currencycharts\/?from=USD&amp;to=ZAR\" target=\"_blank\">On Wednesday the rand was trading at R15.94 to the dollar, R22.53 to the pound and R17.70 tot he euro<\/a><\/strong>.<\/li>\n<\/ul>\n<ul>\n<li>In global news,\u00a0<strong><a href=\"http:\/\/af.reuters.com\/article\/southAfricaNews\/idAFL5N16O0DH\" target=\"_blank\">Asian shares were mostly lower on Wednesday while the dollar dithered as markets waited anxiously for the Federal Reserve<\/a><\/strong> to provide guidance on the risk of U.S. rate hikes this year.\u00a0Healthcare and materials stocks pulled Wall Street lower on Tuesday in a second straight day of quiet trading.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/af.reuters.com\/article\/southAfricaNews\/idAFL5N16O0ER?sp=true\" target=\"_blank\">Oil prices rose on Wednesday after falling the previous\u00a0session on expectations U.S. output will decline further<\/a><\/strong> as\u00a0some producers are under increasing financial distress and\u00a0as early inventory data showed a less-than-expected\u00a0increase.\u00a0U.S. crude futures were trading at $36.94 per barrel, up 60 cents &#8211; while\u00a0Brent futures were up 40 cents at $39.14 a barrel.<\/li>\n<\/ul>\n<p><strong>In other news<\/strong>: <strong><a href=\"http:\/\/www.moneyweb.co.za\/news\/economy\/king-iv-report-launched-public-comment\/\" target=\"_blank\">King IV &#8211; the latest set of rules for business governance in South Africa &#8211; have been published for public comment<\/a><\/strong>.\u00a0The 75 &#8216;rules&#8217; principles that applied under King III have been reduced to 16, and non-listed companies, such as SOEs, are expected to be affected by the new report as well.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here is what&#8217;s happening in and affecting the south African market today (16 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-116994","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\/116994","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=116994"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/116994\/revisions"}],"predecessor-version":[{"id":116996,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/116994\/revisions\/116996"}],"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=116994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=116994"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=116994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}