{"id":218373,"date":"2018-01-09T08:01:03","date_gmt":"2018-01-09T06:01:03","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=218373"},"modified":"2018-01-09T08:01:03","modified_gmt":"2018-01-09T06:01:03","slug":"5-important-things-happening-in-south-africa-today-217","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/218373\/5-important-things-happening-in-south-africa-today-217\/","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\/2018-01-08\/zuma-is-said-to-face-ouster-bid-at-south-african-anc-meeting\">President Jacob Zuma is said to be facing a bid to oust him at this week&#8217;s first ANC NEC meeting for the year.<\/a> <\/strong>The party&#8217;s NEC will meet on Wednesday, where the 86 voting members will likely discuss Zuma stepping down. The sitting will also show how much support new ANC president Cyril Ramaphosa holds in the national executive, after a marginal victor in December.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.businesslive.co.za\/bd\/markets\/2018-01-09-steinhoff-woes-resume-on-ecb-bond-sale\/\">Steinhoff has taken another blow, as the latest bond listing by the\u00a0European Central Bank showed that it had completed divested from the group.<\/a><\/strong> It has been estimated that the ECB divested at \u00a0less than half the rate of its initial investment, opting to cut its losses than suffer through.<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.iol.co.za\/business-report\/ayo-lists-on-the-jse-with-r14-billion-market-cap-12646603\">AYO Technology successfully listed on the JSE this week, with a market cap of R14.7 billion<\/a><\/strong>. AYO is a black-owned ICT group,\u00a0previously known as Sekunjalo Technology Solutions. The group holds\u00a0reseller or supplier agreements with principles such as Nokia Siemens Networks, Cisco, Microsoft, and IBM \u00a0among others.<\/li>\n<\/ul>\n<ul>\n<li>Confusion around South Africa&#8217;s free tertiary education policy remains, as universities maintain they will take no walk-ins, and the EFF pushes for prospective students to go ahead and storm institutions if they must. <strong><a href=\"https:\/\/www.news24.com\/SouthAfrica\/News\/union-wants-urgent-answers-on-how-free-education-will-work-20180109\">Meanwhile the\u00a0National Tertiary Education Union (NTEU) as called on government for urgent answers on how things will work, and where money will come from.<\/a><\/strong><\/li>\n<\/ul>\n<ul>\n<li>South Africa\u2019s rand weakened more than 1% on Monday, succumbing to a resurgent dollar and some profit-taking after seven weeks of gains sparked by leadership changes in the ruling party and a rally in global commodity prices. <strong><a href=\"http:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\">On Tuesday the currency was at R12.39 to the dollar, R16.81 to the pound and R14.83 to the euro<\/a><\/strong>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Zuma is expected to face a bid by the ANC NEC to get him to step down this week; Steinhoff takes another blow as Europe&#8217;s central bank completely divests; AYO Technologies lists on the JSE; and confusion around free tertiary education continues.<\/p>\n","protected":false},"author":10,"featured_media":66436,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,11121],"tags":[],"class_list":["post-218373","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-finance"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/218373","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=218373"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/218373\/revisions"}],"predecessor-version":[{"id":218403,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/218373\/revisions\/218403"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/66436"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=218373"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=218373"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=218373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}