{"id":127429,"date":"2016-06-21T08:25:53","date_gmt":"2016-06-21T06:25:53","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=127429"},"modified":"2016-06-21T08:25:53","modified_gmt":"2016-06-21T06:25:53","slug":"5-things-you-need-to-know-in-business-today-4","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/127429\/5-things-you-need-to-know-in-business-today-4\/","title":{"rendered":"5 things you need to know in business today"},"content":{"rendered":"<p>Here&#8217;s what is happening in the markets:<\/p>\n<ul>\n<li><strong><a href=\"https:\/\/www.gov.uk\/foreign-travel-advice\/south-africa\">A warning has been sent out to British tourists thinking of visiting\u00a0South Africa, cautioning them to steer clear of any political\u00a0unrest ahead of the 2016 local elections<\/a><\/strong>. The notice was posted on Gov.uk as the City of Tshwane erupted into violent protests as the ANC announced its mayoral candidate for the region, Khoto Didiza.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.bdlive.co.za\/business\/retail\/2016\/06\/21\/sabmiller-chief-set-for-55m-payout-after-merger-completion\">SABMiller CEO Alan Clarke stands to receive a payout of 55 million pounds (R1.2 billion) once the merger with AbInBev goes through<\/a><\/strong>. Clarke&#8217;s pay for the latest financial year was 5.9 million pounds (R129 million), down from 7.1 million pounds in the previous year.<\/li>\n<\/ul>\n<ul>\n<li>South Africa&#8217;s rand strengthened more than 2.5 percent against the dollar on Monday, buoyed along with other emerging market currencies by lessening fears that Britain will vote to leave the European Union. <strong><a href=\"http:\/\/www.xe.com\/currencycharts\/?from=USD&amp;to=ZAR\">On Tuesday the rand was trading at R14.84 to the dollar, R21.79 to the pound and R16.81 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\/idAFL8N19D0CA?sp=true\">Asian shares rose after a tentative start on Tuesday, cautiously extending a rally triggered by growing expectations that British voters will opt to remain in the European Union<\/a><\/strong> in this week&#8217;s referendum.\u00a0Wall Street rose on Monday, though indexes ended far from the highs of the day.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.reuters.com\/article\/us-global-oil-idUSKCN0Z702T\">Oil prices fell in Asian trade after a strong two-day rally\u00a0that was fed by easing concerns Britain would leave the\u00a0European Union<\/a><\/strong> after a referendum this week, allowing market\u00a0participants to focus on supply issues.\u00a0US crude was down 16 cents at $49.80, while Brent crude\u00a0was down 25 cents at $50.40 a barrel.<\/li>\n<\/ul>\n<p><strong>In other news<\/strong>: <strong><a href=\"http:\/\/ewn.co.za\/2016\/06\/21\/Eskom-not-backing-down-from-R2bn-fine-claim\">Despite receiving what is in effect an advance payment of over R500 million for a coal contract, Gupta-owned Tegeta Exploration still faces a R2 billion lawsuit imposed by Eskom<\/a><\/strong> over the\u00a0Optimum Coal contract for Hendrina. Tegeta says it is prepared to fight the utility on the matter.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s what is happening in and affecting South Africa today (21 June 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-127429","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\/127429","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=127429"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/127429\/revisions"}],"predecessor-version":[{"id":127431,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/127429\/revisions\/127431"}],"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=127429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=127429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=127429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}