{"id":149661,"date":"2017-01-10T08:09:15","date_gmt":"2017-01-10T06:09:15","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=149661"},"modified":"2017-01-10T12:33:07","modified_gmt":"2017-01-10T10:33:07","slug":"5-things-you-need-to-know-in-south-africa-today-112","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/149661\/5-things-you-need-to-know-in-south-africa-today-112\/","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=\"https:\/\/www.enca.com\/south-africa\/gupta-family-say-they-are-victims\">The controversial Gupta family have made their 2017 debut, saying that court action by finance minister Pravin Gordhan and subsequent affidavits by South African banks are part of a politically motivated smear campaign against them<\/a><\/strong> &#8211; with the intention being to destroy all their businesses in South Africa. The family say they are victims in the conspiracy, and will prove it in court.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.businesslive.co.za\/bd\/politics\/2017-01-10-anc-moves-to-contain-divisive-succession-talk\/\">The ANC wants <\/a><a href=\"http:\/\/www.businesslive.co.za\/bd\/politics\/2017-01-10-anc-moves-to-contain-divisive-succession-talk\/\">AU chair Nkosazana Dlamini-Zuma<\/a><a href=\"http:\/\/www.businesslive.co.za\/bd\/politics\/2017-01-10-anc-moves-to-contain-divisive-succession-talk\/\">\u00a0and\u00a0deputy president Cyril Ramaphosa to publicly renounce and distance themselves from endorsements from the ANC Women&#8217;s League and Cosatu, respectively<\/a><\/strong>, so as to uphold the party&#8217;s stated intention to keep all ANC succession talk under wraps until later in the year. According to the party, the two front-runners can accept nominations and endorsements at a later stage.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.timeslive.co.za\/local\/2017\/01\/09\/R60-million-Somerset-West-wildfires-twice-as-destructive-as-huge-Peninsula-blaze1\">The City of Cape Town has estimated the total cost of damage done by wildfires in Somerset West at R60 million &#8211; double the damage done by similar fires that ravaged the southern Cape Peninsula in 2015<\/a><\/strong>. The Somerset West fire was nearly extinguished, but flared up again, and is now burning through\u00a0Hottentots Holland. Over 10,000 hectares of land has been torn apart by the blaze.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.iol.co.za\/business-report\/economy\/fuel-price-to-remain-stable-7368434\">While the petrol price increased in January and is likely to hike again in February, local economists say that it won&#8217;t be all doom and gloom for fuel prices in South Africa in 2017<\/a><\/strong>, with prediction that &#8211; barring any major local or global economic shock &#8211; prices should remain flat throughout the year as oil prices stabilise.<\/li>\n<\/ul>\n<ul>\n<li>South Africa&#8217;s rand put in modest gains on Monday, supported by higher gold and platinum prices but constrained by a broadly dollar strength. <strong><a href=\"http:\/\/www.businesslive.co.za\/bd\/markets\/2017-01-10-jse-likely-to-suffer-hard-brexit-fears-on-tuesday\/\">The JSE is likely to track European markets down, as talk of a &#8216;Hard Brexit&#8217; kicks up<\/a><\/strong>. <strong><a href=\"http:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\">On Tuesday the rand was trading at R13.63 to the dollar, R16.56 to the pound and R14.46 to the euro<\/a><\/strong>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Guptas start 2017 by crying foul and conspiracy against Gordhan and SA bank court action against them; the ANC wants Ramaphosa and Dlamini-Zuma to reject endorsments for the presidency; and the petrol price will be up and down, but ultimately stable in 2017, economists say.<\/p>\n","protected":false},"author":10,"featured_media":143991,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,11121,23],"tags":[26],"class_list":["post-149661","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-finance","category-government","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/149661","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=149661"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/149661\/revisions"}],"predecessor-version":[{"id":149775,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/149661\/revisions\/149775"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/143991"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=149661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=149661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=149661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}