{"id":162931,"date":"2017-03-09T07:54:16","date_gmt":"2017-03-09T05:54:16","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=162931"},"modified":"2017-03-09T07:54:16","modified_gmt":"2017-03-09T05:54:16","slug":"5-important-things-happening-in-south-africa-today-22","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/162931\/5-important-things-happening-in-south-africa-today-22\/","title":{"rendered":"5 important things happening 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.bloomberg.com\/news\/articles\/2017-03-08\/banks-black-business-fund-wins-support-from-south-africa-s-anc\">South African banks are trying to play into the government&#8217;s ideals with a more black-owned economy, and have suggested setting up a Black Business Fund worth R100 billion<\/a><\/strong>, which they hope will help fund black investors in the country. The fund, which will be backed by South Africa&#8217;s biggest banks and financial services institutions, including Standard Bank and Absa, has also been given the thumbs up by the ANC.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/city-press.news24.com\/Voices\/that-reshuffle-mr-president-is-long-overdue-20170308\">President Jacob Zuma has again dodged questions about an expected cabinet reshuffle, saying only that &#8220;certain conditions need to be in place&#8221; for him to initiate the widely anticipated move.<\/a><\/strong> Zuma told journalists that a reshuffle wasn&#8217;t like &#8216;building a road&#8217; where he could simply lay out the plans. Aside from the expected placement of Nkosazana Dlamini-Zuma, analysts are also hoping Zuma will remove disgraced ministers such as social development minister Bathabile Dlamini.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.businesslive.co.za\/bd\/national\/2017-03-09-firing-of-prasa-board-reckless-says-chairman-popo-molefe\/\">Transport minister Dipuo Peters&#8217; decision to fire the entire Prasa board was a big mistake, according to its now former chairman, Popo Molefe.<\/a><\/strong> Peters said he decision was based on the problems between directors and former acting CEO\u00a0Collins Letsoalo &#8211; however, Molefe said it was a reckless and irrational move that will put various ongoing investigations into corruption at risk.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.iol.co.za\/news\/politics\/maine-in-trouble-for-calling-gordhan-impimpi-8109763\">ANC Youth League president Collen Maine is in hot water for calling finance minister Pravin Gordhan an &#8216;impimpi&#8217; &#8211; a spy\/traitor &#8211; and saying &#8220;something must be done&#8221; to him<\/a><\/strong>.\u00a0Two civil rights organisations have lodged a complaint with the SA Human Rights Commission (SAHRC), saying that the claim was life-threatening, as Maine made reference to how traitors were treated in the past &#8211; they were necklaced in the streets.<\/li>\n<\/ul>\n<ul>\n<li>South Africa&#8217;s rand weakened on Wednesday as the dollar was boosted by bumper U.S. private-sector jobs numbers that raised already high expectations of a U.S. interest rate hike next week. <strong><a href=\"http:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\">On Thursday, the rand was trading at R13.16 to the dollar, R15.99 to the pound and R13.85 to the euro<\/a><\/strong>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>SA banks want to set up a R100 billion black business fund to support black investors; Zuma is waiting for the stars to align for his cabinet reshuffle; and ANC Youth League president Collen Maine is in hot water for calling finance minister Pravin Gordhan a traitor and implying he should be necklaced.<\/p>\n","protected":false},"author":10,"featured_media":129984,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,11121,23],"tags":[26],"class_list":["post-162931","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\/162931","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=162931"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/162931\/revisions"}],"predecessor-version":[{"id":162959,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/162931\/revisions\/162959"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/129984"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=162931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=162931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=162931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}