{"id":125847,"date":"2016-06-06T08:53:45","date_gmt":"2016-06-06T06:53:45","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=125847"},"modified":"2016-06-06T08:54:05","modified_gmt":"2016-06-06T06:54:05","slug":"5-things-in-business-you-need-to-know-today-4","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/125847\/5-things-in-business-you-need-to-know-today-4\/","title":{"rendered":"5 things in business you need to know today"},"content":{"rendered":"<p>Here&#8217;s what is happening in the markets:<\/p>\n<ul>\n<li>Following South Africa making out of the S&amp;P ratings assessment still above junk status, <strong><a href=\"http:\/\/www.iol.co.za\/business\/news\/forget-ratings-time-to-get-to-work--gordhan-2030559\">finance minister Pravin Gordhan says that the country needs to forget about the ratings and should rather focus on working to turn the economy around<\/a><\/strong>. He said that\u00a0economic growth of 0.6 or 0.7% was \u201cjust unacceptable\u201d, as were the low level of job creation and the loss of jobs.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/businesstech.co.za\/news\/telecommunications\/125823\/telkom-hikes-dividend-says-turnaround-is-complete\/\">Telkom on Monday reported a 15.5% increase in headline earnings for the year ended March 2016<\/a><\/strong>, while operating revenue climbed 13.9% to R37.3 billion.\u00a0Normalised profit after tax reached R4 billion, compared to R3 billion for the previous period.\u00a0The board declared a dividend of 270 cents, up 10% on the previous year\u2019s total dividend.<\/li>\n<\/ul>\n<ul>\n<li>South Africa&#8217;s rand raced to its firmest in three weeks against the dollar to lead emerging market currencies\u00a0after employment figures in United States disappointed,\u00a0cooling chances of a June rate hike by the Federal Reserve\u00a0Stocks closed higher. <strong><a href=\"http:\/\/www.xe.com\/currencycharts\/?from=USD&amp;to=ZAR\">On Monday the rand was trading at R15.12 to the dollar, R21.77 to the pound and R17.17 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\/idAFL8N18Y06J\">Asian shares rose on Monday and the dollar dragged itself\u00a0off its lowest levels in nearly a month<\/a><\/strong> after US non farm\u00a0payrolls showed the slowest job growth in more than five\u00a0years, quashing expectations for a near-term U.S. interest\u00a0rate hike.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.reuters.com\/article\/us-global-oil-idUSKCN0YS00Z\">Brent crude oil prices rose to $50 a barrel\u00a0on Monday, lifted by a plunge in the US-dollar that could\u00a0spur demand<\/a><\/strong>, just as ongoing attacks on oil infrastructure\u00a0in Nigeria tighten supplies.\u00a0Brent crude futures rose as high as $50.10 but retreated to be up 36 cents at $50.00 a barrel. US crude futures were up 41 cents at $49.03 a barrel.<\/li>\n<\/ul>\n<p><strong>In other news<\/strong>: <strong><a href=\"http:\/\/www.iol.co.za\/business\/companies\/eskoms-electricity-capacity-to-meet-demand-until-2021-2030704\">Additional capacity from Eskom and non-Eskom sources should assure that South Africa has enough power to meet its electricity needs to 2021<\/a><\/strong>. South Africa&#8217;s power situation &#8211; which hit critical levels on 2015 &#8211; was one of the key focus points in the S&amp;P assessment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s what is happening in and affecting the South African market today (6 June 2016)<\/p>\n","protected":false},"author":10,"featured_media":110953,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,11121],"tags":[26],"class_list":["post-125847","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\/125847","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=125847"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/125847\/revisions"}],"predecessor-version":[{"id":125853,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/125847\/revisions\/125853"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/110953"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=125847"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=125847"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=125847"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}