{"id":129854,"date":"2016-07-13T08:45:59","date_gmt":"2016-07-13T06:45:59","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=129854"},"modified":"2016-07-13T08:45:59","modified_gmt":"2016-07-13T06:45:59","slug":"5-things-in-sa-business-you-need-to-know-today","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/129854\/5-things-in-sa-business-you-need-to-know-today\/","title":{"rendered":"5 things in SA business you need to know today"},"content":{"rendered":"<p>Here&#8217;s what is happening in and affecting South Africa today:<\/p>\n<ul>\n<li><strong><a href=\"http:\/\/www.bdlive.co.za\/business\/transport\/2016\/07\/13\/defiant-treasurer-suspended-at-saa\">The treasurer who advised against SAA moving ahead with a dodgy R256 million finance deal with an unlicensed company has been suspended<\/a><\/strong>. SAA treasurer\u00a0Cynthia Stimpel has been suspended for &#8220;misconduct&#8221;, after she raised questions about the deal with BnP, which the airline was paying three times more than necessary for. She is the latest in a long line of &#8220;defiant&#8221; employees who have been given the chop.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.moneyweb.co.za\/investing\/property\/a-look-at-sas-massive-property-sector-value\/\">South Africa&#8217;s property sector has grown significantly over the past four years, now valued at R5.8 trillion, compared to R4.9 trillion in 2012<\/a><\/strong>. According to the\u00a0Property Sector Charter Council, SA&#8217;s property market has grown despite the massive economic slow down seen in other sectors. The\u00a0formal residential sector, with 6.1 million registered homes, still dominates, with a total value of R3.9 trillion.<\/li>\n<\/ul>\n<ul>\n<li>South Africa&#8217;s rand rallied on Tuesday as an emerging market\u00a0rally and a surprise jump in manufacturing activity locally\u00a0lifted the currency to a two-month high. <strong><a href=\"http:\/\/www.xe.com\/currencycharts\/?from=USD&amp;to=ZAR\">On Wednesday the rand was trading at R14.41 to the dollar, R19.15 to the pound and R15.95 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\/idAFL8N19Y44E\">Asian shares came within reach of testing their 2016 peak on\u00a0Wednesday<\/a><\/strong> as prospects of solid U.S. growth and\u00a0accommodative economic policy in major markets whet\u00a0investors&#8217; risk appetite damaged by uncertainty from\u00a0Brexit.<\/li>\n<\/ul>\n<ul>\n<li>Crude futures fell on Wednesday as investors locked in gains\u00a0after oil prices surged nearly 5 percent in the previous\u00a0session, partly on forecasts from the U.S. government and\u00a0OPEC that demand would increase next year.<strong><a href=\"http:\/\/www.reuters.com\/article\/global-oil-idUSL4N19Z01M\">\u00a0U.S. crude slipped 45 cents to $46.35 a barrel, while\u00a0Brent futures fell 51 cents to $47.96 a barrel after settling up $2.22, or 4.8 percent<\/a><\/strong>.<\/li>\n<\/ul>\n<p><strong>In other news<\/strong>: The hunt for South Africa&#8217;s new Public Protector is still underway, though the search is narrowing. <strong><a href=\"https:\/\/www.enca.com\/south-africa\/parliament-expected-to-release-public-protector-shortlist\">A\u00a0parliamentary committee is expected to release a shortlist of candidates to replace outgoing Public Protector Thuli Madonsela soon<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s what is happening in and affecting South Africa today (13 July 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-129854","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\/129854","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=129854"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/129854\/revisions"}],"predecessor-version":[{"id":129856,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/129854\/revisions\/129856"}],"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=129854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=129854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=129854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}