{"id":126239,"date":"2016-06-09T08:41:28","date_gmt":"2016-06-09T06:41:28","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=126239"},"modified":"2016-06-09T08:41:28","modified_gmt":"2016-06-09T06:41:28","slug":"5-important-things-you-need-to-know-before-trading-opens-today-4","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/126239\/5-important-things-you-need-to-know-before-trading-opens-today-4\/","title":{"rendered":"5 important 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>Following a reprieve from ratings agencies &#8211; and some shocking GDP data &#8211;<strong><a href=\"http:\/\/www.bdlive.co.za\/economy\/2016\/06\/09\/ramaphosa-urges-action-as-gdp-shrinks\"> finance minister Pravin Gordhan and deputy president Cyril Ramaphose say that the time has come to stop talking and to start doing<\/a><\/strong>. The finmin has called for the immediate implementation of growth policies, while Ramaphosa echoed his sentiments for &#8220;decisive action&#8221; to save the economy.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.bloomberg.com\/news\/articles\/2016-06-08\/south-africa-grain-wage-talks-collapse-amid-possible-strike\">If being hit by a drought was not enough, South Africa&#8217;s grain sector now faces strike action from workers<\/a><\/strong>.\u00a0About 3,000 employees at South Africa\u2019s biggest grain processing and logistics companies may start a strike on Friday, after wage talks collapsed. Workers are demanding a 9% increase in wages. The sector needs R16.6 billion to cover losses and cover companies suffering from the adverse economic and weather conditions.<\/li>\n<\/ul>\n<ul>\n<li>South Africa&#8217;s rand rose to its firmest in five weeks on Wednesday and government bonds also gained after ratings agency Fitch affirmed the country&#8217;s investment grade credit status.\u00a0Stocks fell, led by insurer Sanlam, the biggest loser among bluechips, due to slow growth in its markets. <strong><a href=\"http:\/\/www.xe.com\/currencycharts\/?from=USD&amp;to=ZAR\">On Thursday the rand was at R14.78\u00a0to the dollar, R21.44 to the pound and R16.84 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\/idAFL8N1910H3?sp=true\">Asian stocks turned lower on Thursday, led by sliding Japanese equities, while a weaker dollar buoyed commodities such as gold and crude oil<\/a><\/strong>.\u00a0The Dow ended above 18,000 for the first time since April on Wednesday as declines in the dollar lifted some commodity-related shares and boosted the outlook for multinationals.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.reuters.com\/article\/us-global-oil-idUSKCN0YV022\">Oil prices remained near 2016 highs in early\u00a0trading on Thursday, buoyed by a fall in US crude\u00a0inventories, a weaker dollar and strong demand<\/a><\/strong>, but some\u00a0analysts warned that the recent rally was starting to look\u00a0overblown.\u00a0Brent crude was\u00a0trading at $52.70 per barrel, up 19 cents, while US\u00a0crude was 32 cents higher at $51.55 a barrel.<\/li>\n<\/ul>\n<p><strong>In other news:<\/strong> Controversial SABC COO has more in store for the public broadcaster; following censorship of all negative news and media coverage,<strong><a href=\"http:\/\/www.timeslive.co.za\/thetimes\/2016\/06\/09\/General-Hlaudis-latest-idea-Uniform-for-SABC-staff\"> the COO is now also considering the implementation of uniforms for all staff at the group<\/a><\/strong>. This way, employees can &#8220;understand unity&#8221; he said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s what is happening in and affecting the South African markets today (9 June 2016)<\/p>\n","protected":false},"author":10,"featured_media":6423,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[26],"class_list":["post-126239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/126239","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=126239"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/126239\/revisions"}],"predecessor-version":[{"id":126241,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/126239\/revisions\/126241"}],"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=126239"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=126239"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=126239"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}