{"id":131246,"date":"2016-07-25T08:41:02","date_gmt":"2016-07-25T06:41:02","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=131246"},"modified":"2016-07-25T08:41:02","modified_gmt":"2016-07-25T06:41:02","slug":"5-things-you-need-to-know-in-south-africa-today-13","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/131246\/5-things-you-need-to-know-in-south-africa-today-13\/","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:\/\/www.timeslive.co.za\/thetimes\/2016\/07\/25\/Working-grads-could-be-taxed-to-fund-varsity-education\">If you&#8217;ve graduated from university and are working, a new proposal says that you should pay a special &#8220;graduate tax&#8221; to help fund free tertiary education in South Africa<\/a><\/strong>. The proposal came from Universities SA CEO\u00a0Ahmed Bawa, who said that new funding mechanisms were needed in the wake of the #FeesMustFall movement which happened in 2015.<\/li>\n<\/ul>\n<ul>\n<li>A &#8220;glitch&#8221; in the JSE&#8217;s systems caused the bourse to show that <strong><a href=\"http:\/\/www.bdlive.co.za\/markets\/2016\/07\/25\/jses-data-incorrect-due-to-computer-glitch\">foreign investors had pumped over R98 billion into the South African economy, when in reality they had taken R36.4 billion out<\/a><\/strong>. The error by the JSE represents a R136 billion swing into the negative, with questions raised why it took 3 months to uncover and correct.<\/li>\n<\/ul>\n<ul>\n<li>South Africa&#8217;s rand retreated against the dollar on Friday, as concern grew about the state of the economy, a day after the central bank slashed its growth forecast. <strong><a href=\"http:\/\/www.xe.com\/currencycharts\/?from=USD&amp;to=ZAR\">On Monday the rand was trading at R14.32 to the dollar, R18.81 to the pound and R15.71 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\/idAFL8N1AB0J1?sp=true\">Asian shares held near nine-month highs on Monday as worries over the impact of Britain&#8217;s Brexit vote eased<\/a><\/strong>, while the dollar was buoyed by a run of solid U.S. economic data.\u00a0Wall Street rose on Friday, clinching the fourth straight positive week for the stock market.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.reuters.com\/article\/us-global-oil-idUSKCN1040Z7\">Crude prices inched down on Monday in Asia, staying not far\u00a0from two-month lows hit in the previous session<\/a><\/strong>, amid\u00a0worries over a global oil glut.\u00a0Brent crude oil futures were trading at $45.59 per barrel, down 10 cents, while\u00a0U.S. crude was at $44.09, also down 10 cents a barrel.<\/li>\n<\/ul>\n<p><strong>In other news<\/strong>: <strong><a href=\"http:\/\/www.iol.co.za\/news\/crime-courts\/axed-sabc-staff-await-their-fate-2049017\">Four SABC journalists who were sacked last week will on Monday learn their fate.<\/a><\/strong> The Labour Court is expected to make a decision on whether the four were unfairly dismissed, and may overturn the decision and put them back at work.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s what is happening in and affecting South Africa today (25 July 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-131246","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\/131246","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=131246"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/131246\/revisions"}],"predecessor-version":[{"id":131250,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/131246\/revisions\/131250"}],"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=131246"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=131246"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=131246"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}