{"id":210669,"date":"2017-11-14T08:00:48","date_gmt":"2017-11-14T06:00:48","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=210669"},"modified":"2017-11-14T08:00:48","modified_gmt":"2017-11-14T06:00:48","slug":"5-important-things-happening-in-south-africa-today-185","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/210669\/5-important-things-happening-in-south-africa-today-185\/","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.timeslive.co.za\/politics\/2017-11-13-zuma-says-hell-root-out-corruption-and-state-capture\/\">President Jacob Zuma&#8217;s inquiry into state capture will root out corruption wherever it is found, he said <\/a><\/strong>&#8211; though the president is still struggling to define what &#8216;state capture&#8217; actually is, saying it is currently a <strong><a href=\"http:\/\/ewn.co.za\/2017\/11\/14\/zuma-what-is-a-state-capture\">fake political smear campaign<\/a><\/strong> against the Guptas and a few other individuals, including himself.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.businesslive.co.za\/bd\/national\/2017-11-13-eskom-runs-out-of-cash-as-loan-facilities-dry-up\/\">Eskom is in big financial trouble, unable to continue funding operations, and at risk of not being able to pay salaries by January 2018.<\/a><\/strong>\u00a0Eskom has a R80 billion shortfall and still needs to borrow R330 billion in the next five years.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.news24.com\/SouthAfrica\/News\/exclusive-gupta-negotiator-and-the-r4bn-transnet-it-deal-20171113\">Transnet contracts worth R1.7 billion with German software group T-Systems reportedly ballooned to over R4 billion after Gupta business partner, Salim Essa, joined as a negotiator<\/a><\/strong>. Former Transnet CEO Anoj Singh, who is also tied to the family, reportedly pushed the deal through without putting out a tender.<\/li>\n<\/ul>\n<ul>\n<li>The university fees report released yesterday has been <strong><a href=\"https:\/\/www.enca.com\/south-africa\/activists-united-in-opposition-to-fees-report\">widely criticised by activists and analysts<\/a><\/strong>, who say that the proposals contained in the report lack any clear path forward, could be leading a to a debt bubble by making students indebted from the get-go, and seems to be <strong><a href=\"https:\/\/www.enca.com\/south-africa\/fees-commission-findings-shifting-the-burden-to-the-taxpayer-analysts\">shifting the burden of funding to taxpayers<\/a><\/strong>.<\/li>\n<\/ul>\n<ul>\n<li>South Africa\u2019s rand tumbled more than one percent and the risk premium on government bonds soared on Monday over news of a top Treasury official resignation, financial woes at the sole power utility and political jostling in the ruling party. <strong><a href=\"http:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\">On Tuesday the rand was at R14.49 to the dollar, R19.01 to the pound and R16.92 to the euro.<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Zuma cries fake news over state capture claims; Eskom is in deep financial trouble and is running out of cash fast; more dodgy contracts involving Transnet and the Guptas are coming to light &#8211; this time with software group T-Systems to the tune of R4 billion.<\/p>\n","protected":false},"author":10,"featured_media":103709,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,11121,23],"tags":[],"class_list":["post-210669","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-finance","category-government"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/210669","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=210669"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/210669\/revisions"}],"predecessor-version":[{"id":210671,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/210669\/revisions\/210671"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/103709"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=210669"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=210669"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=210669"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}