{"id":131386,"date":"2016-07-26T08:40:12","date_gmt":"2016-07-26T06:40:12","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=131386"},"modified":"2016-07-26T08:40:12","modified_gmt":"2016-07-26T06:40:12","slug":"5-things-you-need-to-know-about-in-south-africa-today-3","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/131386\/5-things-you-need-to-know-about-in-south-africa-today-3\/","title":{"rendered":"5 things you need to know about 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.bloomberg.com\/news\/articles\/2016-07-25\/south-african-minister-to-oppose-auction-of-broadband-spectrum\">Telecoms minister Siyabonga Cwele is seeking to take legal action to prevent Icasa from auctioning off much-needed spectrum to businesses in the industry<\/a><\/strong>. The spectrum, which is to be auctioned off in 5 blocks at a minimum of R3 billion a block, is needed for the roll out of high-speed mobile networks. Cwele says his department was not consulted.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.iol.co.za\/news\/crime-courts\/zuma-and-mantashe-clash-2049492\">ANC Western Cape chairman Marius Fransman has revealed the ANC&#8217;s worst-kept secret: that it is a party deeply divided<\/a><\/strong>. Fransman has been officially suspended from the party following two cases of sexual misconduct laid against him; however, he has been campaigning alongside president Jacob Zuma, upsetting many in the party\u00a0&#8211; especially ANC\u00a0secretary-general Gwede Mantashe.<\/li>\n<\/ul>\n<ul>\n<li>South Africa&#8217;s rand retreated on Monday as a stronger dollar boosted by revived bets of an interest rate hike in the United States dented risk appetite, while stocks rose lifted by retailers. <strong><a href=\"http:\/\/www.xe.com\/currencycharts\/?from=USD&amp;to=ZAR\">On Tuesday the rand was trading at R14.30 to the dollar, R18.72 to the pound and R15.74 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\/idAFL8N1AC0J9?sp=true\">Caution gripped Asian markets on Tuesday, sending the safe-haven yen scampering higher ahead of central bank meetings in the United States and Japan,<\/a><\/strong> while a fresh skid in oil dampened energy stocks.\u00a0U.S. stocks receded from record highs on Monday as oil weighed on energy shares and investors awaited an avalanche of quarterly reports.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.reuters.com\/article\/us-global-oil-idUSKCN106071\">Oil prices edged away from three-month lows on Tuesday,\u00a0supported by a weaker dollar, but concerns of ongoing\u00a0oversupply weighed on markets<\/a><\/strong> and many traders are raising\u00a0their bets on further price falls.\u00a0International Brent crude\u00a0was trading at $44.93 per barrel, up 21 cents &#8211; while\u00a0U.S.crude CLc1 was at $43.23, up 10 cents per barrel.<\/li>\n<\/ul>\n<p><strong>In other news:<\/strong> Hail and flood warnings have been issued across the country, as heavy rain is expected to disrupt activity across SA&#8217;s biggest metros. <strong><a href=\"https:\/\/www.enca.com\/south-africa\/eskom-warns-of-hiking-electricity-demand\">Eskom has also warned that it expects usage to rise sharply as colder weather hits the cities<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s what is happening in and affecting South Africa today (26 July 2016)<\/p>\n","protected":false},"author":10,"featured_media":110953,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,11121],"tags":[26],"class_list":["post-131386","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\/131386","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=131386"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/131386\/revisions"}],"predecessor-version":[{"id":131392,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/131386\/revisions\/131392"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/110953"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=131386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=131386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=131386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}