{"id":132830,"date":"2016-08-10T07:40:55","date_gmt":"2016-08-10T05:40:55","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=132830"},"modified":"2016-08-10T07:40:55","modified_gmt":"2016-08-10T05:40:55","slug":"5-things-you-need-to-know-in-south-africa-today-20","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/132830\/5-things-you-need-to-know-in-south-africa-today-20\/","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>The Democratic Alliance says that coalition talks in the country&#8217;s major metros are still ongoing, and no final decisions have yet been reached. <strong><a href=\"http:\/\/www.iol.co.za\/news\/politics\/coalition-talks-on-the-go-says-da-2055165\">The party has said it would not purge jobs, and that anyone who was skilled and qualified would be selected to help govern<\/a><\/strong>. DA leader Mmusi Maimane said the ANC was not an option, as the party played politics based on race.<\/li>\n<\/ul>\n<ul>\n<li>Telecoms Minister Siyabonga Cwele has made good on his promises and is taking legal action to prevent Icasa from auctioning off R12 billion worth of much-needed spectrum to bidding companies. <strong><a href=\"http:\/\/www.bdlive.co.za\/business\/technology\/2016\/08\/10\/cwele-acts-to-halt-icasa-brodband-move\">The High Court application will delay the already delayed rollout, which government has been promising for the better part of a decade<\/a><\/strong>.<\/li>\n<\/ul>\n<ul>\n<li>South Africa&#8217;s rand stretched gains on Monday, still riding the wave of last week&#8217;s peaceful local government elections and further signs of a delay to interest rate hikes in the United States. <strong><a href=\"http:\/\/www.xe.com\/currencycharts\/?from=USD&amp;to=ZAR\">Following the public holiday on Tuesday, the rand was stable at R13.37 to the dollar, R17.48 to the pound and R14.91 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\/idAFL8N1AR0G6\">Asian shares hit a one-year high on Wednesday while the\u00a0dollar and Treasury yields slid on weak U.S. productivity\u00a0data<\/a><\/strong> and sterling recovered from a one-month low.\u00a0Wall Street eked out gains on Tuesday following a strong session for European stock markets.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.reuters.com\/article\/us-global-oil-idUSKCN10L039\">Oil prices dipped on Wednesday as a global supply overhang\u00a0weighed on markets, while talk of a potential producer\u00a0meeting to discuss propping up prices lent some support<\/a><\/strong> but\u00a0was met with scepticism by analysts.\u00a0U.S. crude oil futures were trading at $42.69 per barrel, down 9 cents while\u00a0Brent crude futures were at $44.93 per barrel, down 5 cents.<\/li>\n<\/ul>\n<p><strong>In other news<\/strong>: <strong><a href=\"http:\/\/www.bdlive.co.za\/business\/transport\/2016\/08\/10\/saa-must-pay-r104m-in-competition-lawsuit\">Struggling airline, SAA, has been hit with a R107 million fine for anti-competitive behaviour &#8211; adding to a long list of woes at the company<\/a><\/strong>. SAA is being nailed for using\u00a0its dominant position in the market to divert customers from competitors such as Nationwide Airlines, which was forced into liquidation because of SAA&#8217;s actions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DA talks coalitions, SA broadband takes another hit, and SAA is in trouble yet again &#8211; here&#8217;s what is happening in and affecting South Africa today (10 August 2016)<\/p>\n","protected":false},"author":10,"featured_media":132479,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,11121],"tags":[26],"class_list":["post-132830","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\/132830","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=132830"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/132830\/revisions"}],"predecessor-version":[{"id":132832,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/132830\/revisions\/132832"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/132479"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=132830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=132830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=132830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}