{"id":126985,"date":"2016-06-15T08:45:40","date_gmt":"2016-06-15T06:45:40","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=126985"},"modified":"2016-06-15T08:45:40","modified_gmt":"2016-06-15T06:45:40","slug":"5-things-you-need-know-before-trading-opens-today","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/126985\/5-things-you-need-know-before-trading-opens-today\/","title":{"rendered":"5 things you need know before trading opens today"},"content":{"rendered":"<p>Here&#8217;s what is happening in South Africa:<\/p>\n<ul>\n<li><strong><a href=\"http:\/\/www.iol.co.za\/business\/news\/brexit-weighs-on-sa-trade-ties-2034757\">Talk of the Brexit is expected to have an impact on many relations between South Africa and the nations involved<\/a><\/strong>. Britain will hold a referendum on Thursday to decide whether to say in the European Union or not. Aside from a potential knock to economic growth that SA can ill-afford, many other business agreements would need to be renegotiated, should the exit go through.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.bdlive.co.za\/business\/retail\/2016\/06\/15\/pick-n-pay-finally-collapses-pyramid\">South African retailer Pick n Pay has agreed to collapse its pyramid business structure, after many years of pushing from shareholders to do so<\/a><\/strong>. However, the Ackerman family will remain controlling shareholders, raising eyebrows. Some shareholders say that with the family still in control, it;s unlikely to see much change. Pick n Pay is lagging competitors in profit share in the retail market place, and has done so for the past decade.<\/li>\n<\/ul>\n<ul>\n<li>South Africa&#8217;s rand lost ground on Tuesday after the current account widened more than expected in the first quarter, raising the likelihood of more interest rates despite the economy creeping toward a recession. <strong><a href=\"http:\/\/www.xe.com\/currencycharts\/?from=USD&amp;to=ZAR\">On Wednesday the rand was trading at R15.27 to the dollar, R21.65 to the pound and R17.14 to the euro<\/a><\/strong>.<\/li>\n<\/ul>\n<ul>\n<li>In global news: <strong><a href=\"http:\/\/af.reuters.com\/article\/southAfricaNews\/idAFL8N1970DG?sp=true\">Asian shares were slightly weaker but recovered from near three-week lows on Wednesday<\/a><\/strong> as markets digested US index provider MSCI&#8217;s decision not to include domestic Chinese equities in its indexes and Brexit fears drove investors to assets such as U.S. bonds and the yen.\u00a0Wall Street dropped for a fourth straight session on Tuesday<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.reuters.com\/article\/us-global-oil-idUSKCN0Z1027\">Crude futures fell on Wednesday as mounting concerns about\u00a0Britain&#8217;s possible exit from the European Union<\/a><\/strong> and a\u00a0surprise build in US inventories left investors ignoring\u00a0an IEA declaration that oil markets are now in\u00a0balance.\u00a0US\u00a0crude was trading down 69 cents at $47.80 a barrel.\u00a0Brent was also down 71 cents at $49.12 a barrel.<\/li>\n<\/ul>\n<p><strong>In other news<\/strong>:\u00a0Social Development Minister Bathabile Dlamini &#8211; who says that South Africans can live on R753 a month &#8211; <strong><a href=\"http:\/\/www.news24.com\/SouthAfrica\/News\/minister-dlamini-wont-comment-on-r11-000-hotel-stay-20160614\">is keeping tight-lipped on her R11,000 overnight stay at a luxury hotel in Durban<\/a><\/strong>. The minister&#8217;s spokesperson said she would not comment on &#8220;corridor gossip&#8221;, leaving the DA to find the answers through parliamentary processes.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s what is happening in and affecting South Africa today (15 June 2016).<\/p>\n","protected":false},"author":10,"featured_media":110385,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,11121],"tags":[26],"class_list":["post-126985","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\/126985","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=126985"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/126985\/revisions"}],"predecessor-version":[{"id":126991,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/126985\/revisions\/126991"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/110385"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=126985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=126985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=126985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}