{"id":127749,"date":"2016-06-23T08:53:21","date_gmt":"2016-06-23T06:53:21","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=127749"},"modified":"2016-06-23T08:53:21","modified_gmt":"2016-06-23T06:53:21","slug":"5-things-you-need-to-know-in-business-today-5","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/127749\/5-things-you-need-to-know-in-business-today-5\/","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=\"http:\/\/www.bdlive.co.za\/world\/europe\/2016\/06\/23\/d-day-britain-votes-on-eu-membership-after-tight-and-bitter-campaign\">It is D-day for Britain as citizens head to the polls to vote in a referendum which will determine whether the nation stays within the European Union &#8211; or makes an exit<\/a><\/strong>. Most analysts expect a &#8220;stay&#8221; vote, which has bolstered UK markets, as well as those attached to it. The anticipation of a stay vote has strengthened South Africa&#8217;s markets, as investors venture back into riskier climes.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.iol.co.za\/business\/news\/consumer-inflation-slows-unexpectedly-2037581\">South African consumer inflation slowed unexpectedly in May, settling at 6.1% &#8211; below the 6.4% expected by economists.<\/a><\/strong> The saving grace came from an unexpected place: lower fruit prices, which decreased by 10% month-on-month, the biggest drop the sector has seen. Rand appreciation seen in the past month also aided the damper.<\/li>\n<\/ul>\n<ul>\n<li>South Africa&#8217;s rand marked a fourth straight session of gains against the dollar on Wednesday, aided by a surprise slowing of inflation locally and improved risk conditions abroad.\u00a0<strong><a href=\"http:\/\/www.xe.com\/currencycharts\/?from=USD&amp;to=ZAR\">On Thursday it was trading at R14.59 to the dollar, R21.53 to the pound and R16.55 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\/idAFL8N19F0D1?sp=true\">Asian stocks were up in hesitant trade on Thursday, as many investors sought shelter in safe-haven assets such as the Japanese yen<\/a><\/strong> and government debt as they braced for Britain&#8217;s vote on its fate in the European Union.\u00a0U.S. stocks dipped in low trading volume on Wednesday.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.reuters.com\/article\/us-global-oil-idUSKCN0Z8021\">Oil prices rose in Asian trading on Thursday, shrugging off\u00a0a smaller-than-expected decline in U.S. stockpiles<\/a><\/strong>, as the\u00a0market nervously awaited the result of Britain&#8217;s &#8220;Brexit&#8221;\u00a0vote.\u00a0Brent&#8217;s front-month contract, August, settled down 74 cents, or 1.5 percent, at $49.88 a barrel.\u00a0U.S. crude futures initially rose to a session high of $50.22 a barrel before slipping to a settlement of $49.13.<\/li>\n<\/ul>\n<p><strong>In other news<\/strong>:\u00a0<strong><a href=\"http:\/\/www.timeslive.co.za\/politics\/2016\/06\/23\/SABC-decision-not-to-air-protest-footage-in-line-with-Constitution\">Jimi Matthews\u201a the SABC\u2019s acting CEO says its refusal to air footage of violent protests is in line with the Constitution<\/a><\/strong> &#8211; and that the company has a responsibility to not expose its journalists to dangerous situations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s what is happening in and affecting business today (23 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":[9872,11121],"tags":[26],"class_list":["post-127749","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\/127749","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=127749"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/127749\/revisions"}],"predecessor-version":[{"id":127751,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/127749\/revisions\/127751"}],"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=127749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=127749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=127749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}