{"id":200690,"date":"2017-09-26T07:12:11","date_gmt":"2017-09-26T05:12:11","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=200690"},"modified":"2017-09-26T07:12:11","modified_gmt":"2017-09-26T05:12:11","slug":"5-important-things-happening-in-south-africa-today-150","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/200690\/5-important-things-happening-in-south-africa-today-150\/","title":{"rendered":"5 important things happening in South Africa today"},"content":{"rendered":"<p>Here is what is happening in and affecting South Africa today:<\/p>\n<ul>\n<li><strong><a href=\"http:\/\/af.reuters.com\/article\/commoditiesNews\/idAFL8N1M61M4\">Finance minister Malusi Gigaba has denied there is a plan to &#8216;raid&#8217; the Public Investment Corp. for billions of rands to fund state companies.<\/a><\/strong>\u00a0PIC head Dan Matjila told reporters this week that he believed he was being targeted by powerful people who wanted access to the PIC&#8217;s R1.9 trillion.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.702.co.za\/articles\/273808\/pick-n-pay-credit-plan-will-follow-prudent-criteria\">Pick n Pay says its plan to offer store credit so people can buy their groceries on credit plans will follow strict criteria a<\/a><\/strong>s outlined in the National Credit Act. Following the announcement last week, many raised concerns that the plans would target the most vulnerable and lead to even higher levels of debt.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.iol.co.za\/business-report\/companies\/sap-to-provide-sa-with-answers-11355416\">German software group SAP has promised to provide South Africa with the full details of its contracts with the Gupta family<\/a><\/strong>. The group launched an investigation after it was accused of offering kickbacks to Gupta-linked companies totalling millions, so that it could secure government contracts.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.businesslive.co.za\/bd\/national\/labour\/2017-09-26-business-backs-cosatu-march-against-state-capture\/\">Business groups, Busa and BLSA have thrown their support behind major mass action planned by Cosatu, to march 100,000 people through the streets against corruption on Wedesday. <\/a><\/strong>The move is unprecedented, as business groups are typically against protest action that would halt productivity. The march aims to shut South Africa down.<\/li>\n<\/ul>\n<ul>\n<li>South African markets were closed on Monday, as the country observed Heritage Day, which fell on a Sunday this year. <strong><a href=\"http:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\">On Tuesday, the rand was trading at R13.31 to the dollar, R17.95 to the pound and R15.78 to the euro.<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Gigaba denies reports that Treasury wants to plunder the PIC for R100 billion; Pick n Pay assures that its new credit offering will have strict criteria; SAP promises answers over its Gupta contracts; and business leaders are supporting Cosatu&#8217;s plan to shut South Africa down.<\/p>\n","protected":false},"author":10,"featured_media":52621,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,23],"tags":[],"class_list":["post-200690","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-government"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/200690","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=200690"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/200690\/revisions"}],"predecessor-version":[{"id":200692,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/200690\/revisions\/200692"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/52621"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=200690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=200690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=200690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}