{"id":136139,"date":"2016-09-09T07:49:20","date_gmt":"2016-09-09T05:49:20","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=136139"},"modified":"2016-09-09T07:49:20","modified_gmt":"2016-09-09T05:49:20","slug":"5-things-you-need-to-know-in-south-africa-today-37","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/136139\/5-things-you-need-to-know-in-south-africa-today-37\/","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\/09\/09\/ANC-land-grab-plot-to-crash-DA-in-Tshwane\">ANC officials in Tshwane are allegedly facilitating a &#8216;land grab&#8217; to make life difficult for the new DA administration<\/a><\/strong>. The Times ran an investigation which\u00a0implicated the ANC Women&#8217;s League, where a piece of land was sold for just R100, and people were instructed to &#8216;build their shacks&#8217; and return after authorities evicted them. At least 9 other ANC officials have been implicated in the plot, according to various sources.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/ewn.co.za\/2016\/09\/09\/Oakbay-to-reach-out-to-major-banks\">Gupta-owned Oakbay Resources says it will again reach out to South African banks which blacklisted the company to implore them to reverse the decision<\/a><\/strong>. The group said it still does not know why its accounts were closed, as none of the banks have given them a list of reasons. Absa, Standard Bank, FNB and Nedbank all shut down Oakbay accounts in April after KPMG and Sasfin dropped the group over &#8216;state capture&#8217; concerns.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.biznews.com\/sa-investing\/2016\/09\/08\/futuregrowth-cio-recants-had-no-idea-of-the-unintended-consequences\/\">Futuregrowth\u00a0is trying\u00a0to douse a fire ignited by its public declaration that it would not longer finance several state-owned companies due to governance concerns<\/a><\/strong>. CIO,\u00a0 Andrew Canter said the group was not getting involved with politics, but was just speaking from a typical investment point of view, and conceded that it should have engaged better with SOEs before making careless public statements.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.timeslive.co.za\/local\/2016\/09\/08\/Sanral-rubbishes-claim-of-agreement-on-immunity-from-prosecution-for-Outa-members\">Sanral has rubbished a statement by Outa claiming that all paying Outa members would be safe from prosecution over e-tolls until a test case had been run through the courts<\/a><\/strong>. The road agency said that, while it had agreed to such an arrangement in principle, nothing was finalized. The statement was nothing more than a fund-raising exercise by Outa, the group said.<\/li>\n<\/ul>\n<ul>\n<li>South Africa&#8217;s rand gave up earlier gains against the dollar\u00a0on Thursday, with traders expecting it to trade sideways for\u00a0some time as nervous investors kept an eye out on possible\u00a0moves against Finance Minister Pravin Gordhan. <strong><a href=\"http:\/\/www.xe.com\/currencycharts\/?from=USD&amp;to=ZAR\">On Friday the rand was trading at R14.13 to the dollar, R18.83 to the pound and R15.93 to the euro<\/a><\/strong>.<\/li>\n<\/ul>\n<p><strong>In global markets<\/strong>:\u00a0<strong><a href=\"http:\/\/af.reuters.com\/article\/southAfricaNews\/idAFL8N1BL0CD\">Asian shares extended losses on Friday following reports\u00a0North Korea had conducted a nuclear test<\/a><\/strong>, while global\u00a0stocks and bonds slid on uncertainty over the prospect of\u00a0further easing from the European Central Bank after it left\u00a0policy unchanged.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ANC is being accused of sabotaging the DA in Tshwane; Gupta companies desperately want SA banks to reopen their accounts; Futuregrowth says sorry; and Outa may have jumped the gun on immunity claims &#8211; here&#8217;s what is happening in SA today (9 September)<\/p>\n","protected":false},"author":10,"featured_media":131872,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,23],"tags":[26],"class_list":["post-136139","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-government","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/136139","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=136139"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/136139\/revisions"}],"predecessor-version":[{"id":136141,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/136139\/revisions\/136141"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/131872"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=136139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=136139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=136139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}