{"id":121135,"date":"2016-04-21T08:37:18","date_gmt":"2016-04-21T06:37:18","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=121135"},"modified":"2016-04-21T08:37:18","modified_gmt":"2016-04-21T06:37:18","slug":"5-things-you-need-to-know-before-trading-opens-today-28","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/121135\/5-things-you-need-to-know-before-trading-opens-today-28\/","title":{"rendered":"5 things you need to know before trading opens today"},"content":{"rendered":"<p>Here&#8217;s what is happening in the markets:<\/p>\n<ul>\n<li><strong><a href=\"http:\/\/www.bdlive.co.za\/business\/trade\/2016\/04\/21\/incentives-pulling-investors-to-sa\">South Africa&#8217;s bid to draw investors back to its shores is paying off, with R93 billion of investment in the pipeline for 2016, the department of trade and industry says<\/a><\/strong>. Investor confidence in the country took a knock at the end of 2015 when president Zuma fired finance minister Nhlanhla Nene. Current finmin Pravin Gordhan was left with the challenge of &#8216;selling&#8217; the country back to investors at the start of the year.<\/li>\n<\/ul>\n<ul>\n<li>Staff at Gupta-owned companies are distancing themselves from <strong><a href=\"http:\/\/businesstech.co.za\/news\/business\/121047\/open-gupta-accounts-or-we-will-lose-our-jobs-oakbay-staff\/\">a letter sent in their name<\/a><\/strong>, appealing to banks to re-open accounts for the family&#8217;s businesses. The letter said that employees were at risk of losing their jobs because the companies could not pay them and faced closure. <strong><a href=\"http:\/\/www.news24.com\/SouthAfrica\/News\/ancyls-maine-chased-away-by-gupta-employees-20160420\">At a meeting set up to address the issue, staff denied the letter came from them<\/a><\/strong>. It is understood the letter was penned by two executives on behalf of employees.<\/li>\n<\/ul>\n<ul>\n<li>South Africa&#8217;s rand remained on the frontfoot on Wednesday,\u00a0rallying for a third consecutive session after data showing\u00a0consumer inflation had slowed, easing pressure on the ailing\u00a0economy. <strong><a href=\"http:\/\/xe.com\/currencycharts\/?from=USD&amp;to=ZAR\">On Thursday the currency was trading at R14.24 to the dollar, R20.42 to the pound and R16.09 to the euro<\/a><\/strong>.<\/li>\n<\/ul>\n<ul>\n<li>In global news,\u00a0<a href=\"http:\/\/af.reuters.com\/article\/southAfricaNews\/idAFL5N17O0ED\"><strong>Asian shares held near 5-1\/2-month highs on Thursday as oil\u00a0prices rallied over 4% overnight<\/strong><\/a> thanks to a smaller\u00a0than expected increase in US crude inventories and abiding\u00a0hopes that producers may eventually agree ways to ease a\u00a0global glut.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.reuters.com\/article\/us-global-oil-idUSKCN0XI03V\">Crude prices fell early on Thursday as concerns over a global\u00a0glut took centre stage after Russia and Iran said they were\u00a0ready to raise oil production further<\/a><\/strong>, while inventories in\u00a0the United States climbed slightly.\u00a0Brent crude futures rose to $46.10 a barrel, up 30 US cents from their last close. US\u00a0crude futures\u00a0were at\u00a0$44.43 a barrel, up 25\u00a0US\u00a0cents.<\/li>\n<\/ul>\n<p><strong>In other news<\/strong>: US coffee giant Starbucks has officially launched in South Africa, with its first store\u00a0open on the corner of\u00a0Tyrwhitt and Cradock Avenues in Rosebank, Gauteng. <strong><a href=\"http:\/\/businesstech.co.za\/news\/lifestyle\/121119\/starbucks-reveals-coffee-prices-for-south-africa\/\">The group&#8217;s local offering has been competitively prices, well within the range of other brands, and far from the &#8220;premium&#8221; prices many were expecting<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s what is happening in and affecting the South African market today (21 April 2016)<\/p>\n","protected":false},"author":10,"featured_media":6423,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,11121],"tags":[26,175],"class_list":["post-121135","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\/121135","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=121135"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/121135\/revisions"}],"predecessor-version":[{"id":121139,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/121135\/revisions\/121139"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/6423"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=121135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=121135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=121135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}