{"id":130742,"date":"2016-07-20T08:53:14","date_gmt":"2016-07-20T06:53:14","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=130742"},"modified":"2016-07-20T08:53:14","modified_gmt":"2016-07-20T06:53:14","slug":"5-things-you-need-to-know-in-south-africa-today-11","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/finance\/130742\/5-things-you-need-to-know-in-south-africa-today-11\/","title":{"rendered":"5 things you need to know in South Africa 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:\/\/ewn.co.za\/2016\/07\/20\/Over-R250-000-raised-for-SABC-8\">Over R250,000 has been raised for SABC journalists that were fired from this week<\/a><\/strong>, as the broadcaster heads toward a showdown with regulator, Icasa. A crowdfunding campaign was launched to finance the legal battle eight journalists will engage in, after being fired for standing up to the SABC&#8217;s censorship policy. Icasa, meanwhile, is <strong><a href=\"http:\/\/www.bdlive.co.za\/national\/media\/2016\/07\/20\/sabc-heads-for-showdown-with-icasa\">warning the group to stop delaying the implementation of its order to reverse the policy<\/a><\/strong>.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.iol.co.za\/business\/news\/corruption-stunts-sas-reforms---imf-2047229\">The IMF says that corruption is killing opportunity in South Africa, and that the country needs to start taking reforms seriously<\/a><\/strong>. The global finance group said that South Africa must make job creation a priority, and it needs to clamp down on anti-competitive behaviour by big businesses. The group recently cut South Africa&#8217;s growth prospects to just 0.1% for 2016.<\/li>\n<\/ul>\n<ul>\n<li>South Africa&#8217;s rand fell more than one percent and stocks dipped on Tuesday as a strong dollar, weakness in global stocks and a pullback in commodity prices weighed on emerging markets. <strong><a href=\"http:\/\/www.xe.com\/currencycharts\/?from=USD&amp;to=ZAR\">On Wednesday the rand was trading at R14.28 to the dollar, R18.71 to the pound and R15.73 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\/idAFL8N1A6102?sp=true\">Profit taking weighed on Asian stocks on Wednesday after a record run on Wall Street showed signs of petering out<\/a><\/strong>, while the dollar hovered near a four-month high against a basket of currencies following upbeat U.S. data.\u00a0The S&amp;P 500 pulled back from record highs on Tuesday, while the Dow industrials edged up for an eighth straight day of gains.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.reuters.com\/article\/us-global-oil-idUSKCN10001U\">Oil futures rose in Asian trading on Wednesday but gains\u00a0were limited and U.S. crude traded sideways<\/a><\/strong> in advance of\u00a0the release of official weekly inventory figures later in\u00a0the day.\u00a0Brent crude was up 18 cents at $46.84 a barrel, while\u00a0U.S. crude CLc1 was up 4 cents at $44.69 a barrel, after initially trading higher then falling.<\/li>\n<\/ul>\n<p><strong>In other news:<\/strong>\u00a0The Momentum-Unisa SA Household Wealth Index found that the<strong><a href=\"http:\/\/www.timeslive.co.za\/thetimes\/2016\/07\/20\/Households-are-getting-richer\"> real worth of households grew by 3.9% between the fourth quarter of 2015 and first quarter of 2016<\/a><\/strong> &#8211; an increase of R67.8-billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s what is happening in and affecting South Africa today (20 July 2016).<\/p>\n","protected":false},"author":10,"featured_media":110385,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[11121],"tags":[26],"class_list":["post-130742","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/130742","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=130742"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/130742\/revisions"}],"predecessor-version":[{"id":130744,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/130742\/revisions\/130744"}],"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=130742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=130742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=130742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}