{"id":118302,"date":"2016-03-30T08:30:40","date_gmt":"2016-03-30T06:30:40","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=118302"},"modified":"2016-03-30T09:06:44","modified_gmt":"2016-03-30T07:06:44","slug":"5-things-you-need-to-know-before-trading-starts-today-5","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/118302\/5-things-you-need-to-know-before-trading-starts-today-5\/","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.bdlive.co.za\/national\/2016\/03\/30\/gordhan-expected-to-reply-to-hawks\" target=\"_blank\">Finance minister Pravin Gordhan is expected to answer the questions posed to him by the Hawks investigative unit, over the so-called rogue spy unit at SARS<\/a><\/strong>. The minister has so far resisted pressure from the Hawks on the matter, but reports indicate he will meet the deadline &#8211; though likely won&#8217;t answer all the questions. His answers will give an indication whether an end to the standoff between the two parties &#8211; which is hurting South Africa&#8217;s economy &#8211;\u00a0is in sight.<\/li>\n<\/ul>\n<ul>\n<li>South African motorists will face another blow as <strong><a href=\"http:\/\/www.iol.co.za\/business\/news\/transnet-tariff-hike-granted-petrol-set-to-rise-2002606\" target=\"_blank\">the petrol price is expected to increase even further in April, thanks to the national energy regulator granting Transnet a 23% tariff increase<\/a><\/strong>. The increase translates to a petrol price hike of 5.4 cents, which on top of the 30 cents fuel levy hike, and an under-recovery of over 46 cents in international prices, means motorists can expect a <strong>82 cent &#8211; 90 cent hike<\/strong> at the pumps.<\/li>\n<\/ul>\n<ul>\n<li>South Africa&#8217;s rand gained on Tuesday following the long\u00a0Easter weekend, rising alongside other emerging currencies\u00a0as risk sentiment recovered ahead of a speech by US\u00a0Federal Reserve Chair Janet Yellen. <strong><a href=\"http:\/\/www.xe.com\/currencycharts\/?from=USD&amp;to=ZAR\" target=\"_blank\">On Wednesday, the rand strengthened to R15.13 to the dollar, R21.77 to the pound and R17.07 to the euro<\/a><\/strong>.<\/li>\n<\/ul>\n<ul>\n<li>In global markets,\u00a0<strong><a href=\"http:\/\/af.reuters.com\/article\/southAfricaNews\/idAFL2N17207I\" target=\"_blank\">Asian shares rallied on Wednesday as markets pared back\u00a0expectations for how fast and how far US interest rates\u00a0might rise this year<\/a><\/strong>, bruising the dollar and boosting\u00a0sovereign bonds. Meanwhile, a new Ipsos poll has shown that\u00a0the campaign to keep Britain in the European Union saw its lead over the rival &#8216;out&#8217; campaign fall sharply in the last month.<\/li>\n<\/ul>\n<ul>\n<li><a href=\"http:\/\/www.sharenet.co.za\/news\/Oil_prices_rebound_on_less_than_expected_build_in_stocks\/a798c2553b8046e7f419351cb71c1db6\" target=\"_blank\"><strong>Oil futures rebounded in Asian trade on Wednesday, buoyed by\u00a0a less than expected build in crude oil stockpiles last\u00a0week<\/strong>.<\/a>\u00a0A weakening dollar also lent some support but concern that a two-month rally was fading in an oversupplied market put a ceiling on gains. Brent oil\u00a0climbed 28 US cents to $39.42 a barrel, while US crude rose 38 US cents to $38.66 a barrel.<\/li>\n<\/ul>\n<p><strong>In other news<\/strong>: <strong><a href=\"http:\/\/www.sharenet.co.za\/v3\/sens_display.php?tdate=20160330070500&amp;seq=1\" target=\"_blank\">Capitec bank has\u00a0reported a 26% rise in full-year profit, up to R3.2 billion<\/a><\/strong>. The bank also bolstered its client base adding over 1 million new clients in 2015, taking its total to 7.3 million people.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here is what&#8217;s happening in and affecting the South African markets today (30 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-118302","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\/118302","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=118302"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/118302\/revisions"}],"predecessor-version":[{"id":118322,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/118302\/revisions\/118322"}],"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=118302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=118302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=118302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}