{"id":128317,"date":"2016-06-28T08:51:19","date_gmt":"2016-06-28T06:51:19","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=128317"},"modified":"2016-06-28T08:51:19","modified_gmt":"2016-06-28T06:51:19","slug":"5-things-you-need-to-know-in-business-today-7","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/128317\/5-things-you-need-to-know-in-business-today-7\/","title":{"rendered":"5 things you need to know in business today"},"content":{"rendered":"<p>Here&#8217;s what is happening in South Africa and the markets:<\/p>\n<ul>\n<li><strong><a href=\"http:\/\/www.bdlive.co.za\/world\/europe\/2016\/06\/28\/brexit-fallout-batters-markets\">South African and global markets continue to take pain on the fallout from Britain&#8217;s decision to leave the European Union<\/a><\/strong>. The share price of South African businesses with overseas operations <strong><a href=\"http:\/\/www.fin24.com\/Economy\/brexit-hits-sa-businesses-with-overseas-operations-20160628\">will for the foreseeable future continue to be affected by the relative exchange rate<\/a><\/strong> in the aftermath of Brexit, says Pieter Fourie, Sanlam Private Wealth\u2019s head of global equities.<\/li>\n<\/ul>\n<ul>\n<li>South Africa&#8217;s rand fell as much as 3 percent against the dollar on Monday as the effects of Britain&#8217;s vote to leave the European Union continued to weigh on global risk demand, while stocks also suffered. <strong><a href=\"http:\/\/www.xe.com\/currencycharts\/?from=USD&amp;to=ZAR\">On Tuesday the rand was trading at R15.25 to the dollar, R20.28 to the pound and R16.87 to the euro<\/a><\/strong>.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/businesstech.co.za\/news\/mobile\/128313\/liquid-telecom-buys-neotel-for-r6-5-billion\/\">Liquid Telecom has entered into an agreement with fixed-line operator Neotel to acquire the business for R6.5 billion<\/a><\/strong>. This deal comes after a deal between Neotel and mobile operator Vodacom fell through after hitting regulatory problems and Neotel&#8217;s spectrum licences fell away.<\/li>\n<\/ul>\n<ul>\n<li>In global news: <strong><a href=\"http:\/\/af.reuters.com\/article\/southAfricaNews\/idAFL8N19K0H4\">Asian stocks rose for the first time in three days on Tuesday while sterling and other currencies advanced as investors scooped up beaten down assets<\/a><\/strong> after Britain&#8217;s vote to exit the European Union stunned financial markets.\u00a0Wall Street tumbled again on Monday.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.reuters.com\/article\/us-global-oil-idUSKCN0ZE01S\">Oil prices rose in early trading in Asia on Tuesday as a\u00a0looming strike in Norway threatened to cut output in western\u00a0Europe&#8217;s biggest producer<\/a><\/strong>, although Britain&#8217;s vote to leave\u00a0the European Union was still weighing on markets.\u00a0London Brent crude futures were trading at $47.58 per barrel, up 42 cents from their previous settlement.\u00a0U.S. West Texas Intermediate (WTI) futures were up 35 cents at $49.68 a barrel.<\/li>\n<\/ul>\n<p><strong>In other news<\/strong>: <strong><a href=\"http:\/\/www.cnbcafrica.com\/news\/southern-africa\/2016\/06\/27\/$13-bln-investment-in-renewable-energy-makes-sa-world-leaders-says-solarreserve-vice-president\/\">With investments of around R200\u00a0billion in the last five years, South Africa has become a\u00a0world leader in the growth of renewable energy<\/a><\/strong> says Vice President of SolarReserve, Terence Govender.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s what is happening in South Africa and the markets today (28 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-128317","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\/128317","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=128317"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/128317\/revisions"}],"predecessor-version":[{"id":128319,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/128317\/revisions\/128319"}],"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=128317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=128317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=128317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}