{"id":121698,"date":"2016-04-26T08:24:31","date_gmt":"2016-04-26T06:24:31","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=121698"},"modified":"2016-04-26T08:24:31","modified_gmt":"2016-04-26T06:24:31","slug":"5-things-you-need-to-know-before-trading-starts-today-10","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/121698\/5-things-you-need-to-know-before-trading-starts-today-10\/","title":{"rendered":"5 things you need to know before trading starts today"},"content":{"rendered":"<p>Here&#8217;s what is happening in the markets:<\/p>\n<ul>\n<li>Former president Thabo Mbeki says that South Africa must do everything it can to stop its current decline &#8211; <strong><a href=\"http:\/\/www.bdlive.co.za\/national\/politics\/2016\/04\/26\/mbeki-hints-that-zuma-should-go\">and if that means a call for president Jacob Zuma to resign, &#8220;let that be&#8221;<\/a><\/strong>. The former state head was careful not call for Zuma&#8217;s head, outright, but joins the many voices who would support such a move.<\/li>\n<\/ul>\n<ul>\n<li>Labour Minister Mildred Oliphant has threatened businesses in South Africa <strong><a href=\"http:\/\/www.iol.co.za\/business\/news\/labour-minister-warns-on-jobs-2014286\">that they have six months to rectify their transformation issues, or &#8220;face the might of the law&#8221;<\/a><\/strong>. This follows a report from the Employment Equity Commission which found that <strong><a href=\"http:\/\/businesstech.co.za\/news\/business\/121632\/these-4-graphs-will-change-your-thinking-on-employment-in-sa\/\">nearly 70% of all top management positions in the country were still held by whites<\/a><\/strong>, where they represent only 10% of the total workforce.<\/li>\n<\/ul>\n<ul>\n<li>South Africa&#8217;s rand fell as much as 1% against the dollar on Monday, weighed down by muted appetite for riskier assets ahead of a Federal Reserve policy meeting. Economists have warned that the &#8216;rosy&#8217; rand levels are thanks to international markets, and that local issues could easily see it move above R15 to the dollar again very soon. <strong><a href=\"http:\/\/www.xe.com\/currencycharts\/?from=USD&amp;to=ZAR\">On Tuesday, the rand was trading at R14.46 to the dollar, R20.99 to the pound and R16.32 to the euro<\/a><\/strong>.<\/li>\n<\/ul>\n<ul>\n<li>In global news,\u00a0<strong><a href=\"http:\/\/af.reuters.com\/article\/southAfricaNews\/idAFL5N17T0JH?sp=true\">Asian stocks retreated on Tuesday as investors braced for central bank policy meetings in the United States and Japan this week<\/a><\/strong>.\u00a0Energy shares dragged Wall Street slightly lower on Monday, tracking a decline in oil prices, while earnings and guidance from companies including Perrigo and Xerox also weighed on US. stocks.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.reuters.com\/article\/us-global-oil-idUSKCN0XN02S\">Crude oil futures rose on Tuesday, pushed up by a weaker\u00a0dollar and a flood of new cash into the market<\/a><\/strong>, but analysts\u00a0warned that fundamentals remain weak as a producer race for\u00a0customers heats up in the Middle East.\u00a0Brent crude futures were trading at $44.91 per barrel, up 43 US cents, while US\u00a0crude futures were also up around half a dollar at $43.10.<\/li>\n<\/ul>\n<p><strong>In other news<\/strong>: T<strong><a href=\"http:\/\/www.iol.co.za\/news\/politics\/da-refuses-to-meet-with-gupta-owned-oakbay-2014135\">he controversial Gupta family, through its company Oakbay Investments, has sent a letter requesting a meeting with the Democratic Alliance<\/a><\/strong>, the party has revealed. Party leader Mmusi Maimane says the DA &#8220;firmly rejected&#8221; the meeting.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s what is happening in and affecting the South African market today (26 April 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],"class_list":["post-121698","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-finance","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/121698","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=121698"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/121698\/revisions"}],"predecessor-version":[{"id":121700,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/121698\/revisions\/121700"}],"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=121698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=121698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=121698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}