{"id":217139,"date":"2017-12-20T07:43:11","date_gmt":"2017-12-20T05:43:11","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=217139"},"modified":"2017-12-20T07:43:11","modified_gmt":"2017-12-20T05:43:11","slug":"5-important-things-happening-in-south-africa-today-211","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/217139\/5-important-things-happening-in-south-africa-today-211\/","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>Ratings agency Fitch is not at all optimistic about Cyril Ramaphosa&#8217;s victory at the ANC conference this weekend, <strong><a href=\"https:\/\/af.reuters.com\/article\/commoditiesNews\/idAFFWN1OJ0NX\">saying that the narrow victory means that there is no way for the leader to take decisive action, and policy paralysis is likely to follow.<\/a><\/strong> The group said political uncertainty will persist into 2018.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.businesslive.co.za\/bd\/politics\/2017-12-20-ace-magashule-doubt-may-derail-anc-conference\/\">As the ANC conference hits its last days, the party is confident that it will wrap up on schedule, despite outcry over a missing 68 votes that could have a material impact on the role of secretary general.<\/a><\/strong> Ace Magashule won by a margin of 24 votes, with the missing 68 said to be in favour of his opponent,\u00a0Senzo Mchunu.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.businesslive.co.za\/bd\/companies\/retail-and-consumer\/2017-12-19-steinhoffs-lenders-start-cutting-off-support\/\">Analysts and investors were left disappointed after Steinhoff told bankers in a meeting that it still could not quantify the value of the &#8216;accounting irregularities&#8217; which caused its current crisis<\/a><\/strong>. Steinhoff has been accused of misrepresenting cash flows and hiding losses.<\/li>\n<\/ul>\n<ul>\n<li>SARS has filed papers against journalist Jacques Pauw over his book, The President&#8217;s Keepers, and in the process, <strong><a href=\"https:\/\/www.enca.com\/south-africa\/zuma-s-tax-affairs-exposed-to-the-public\">apparently confirmed details in the book, and divulged further details about president Jacob Zuma&#8217;s tax affairs.<\/a><\/strong> Ironically, SARS is taking Pauw to court for supposedly exposing Zuma&#8217;s tax affairs.<\/li>\n<\/ul>\n<ul>\n<li>SA bank stocks rallied on Tuesday, optimistic that Ramaphosa will push through policies aimed at putting the economy on a stronger footing. <strong><a href=\"http:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\">The rand currency retreated from a nine-month high to R12.77 against the dollar, R17.11 to the pound and R15.13 to the euro.<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Fitch is not convinced the ANC&#8217;s election will bring stability; there is outcry over 68 &#8216;missing votes&#8217; which could give the ANC a new SG; Steinhoff disappoints investors with no answers about its &#8216;accounting irregularities&#8217;; and SARS&#8217; court action exposes Zuma&#8217;s tax affairs.<\/p>\n","protected":false},"author":10,"featured_media":60423,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,23],"tags":[],"class_list":["post-217139","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\/217139","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=217139"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/217139\/revisions"}],"predecessor-version":[{"id":217143,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/217139\/revisions\/217143"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/60423"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=217139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=217139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=217139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}