{"id":237075,"date":"2018-04-11T08:09:10","date_gmt":"2018-04-11T06:09:10","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=237075"},"modified":"2018-04-11T08:09:10","modified_gmt":"2018-04-11T06:09:10","slug":"5-important-things-happening-in-south-africa-today-280","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/237075\/5-important-things-happening-in-south-africa-today-280\/","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\/2018-04-10\/s-africa-growth-could-pick-up-faster-than-expected-sarb-says\">South Africa&#8217;s growth rate could pick up faster than expected, the Reserve Bank says &#8211; so long as the right policies are put in place and there is clarity around the government&#8217;s reform agenda.<\/a><\/strong> The SARB said that growth could exceed the projected 2% by 2020, a level which the country has not passed since 2013. [Bloomberg]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/af.reuters.com\/article\/africaTech\/idAFL8N1RN2F1\">Mobile group MTN plans to list its Nigerian unit this year, saying that plans for the IPO are well advanced<\/a><\/strong>, with a detailed path to the listing expected to be revealed in the next few months. [Reuters]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.timeslive.co.za\/news\/south-africa\/2018-04-11-exclusive-seven-senior-saa-staff-face-suspension-for-misconduct\/\">Seven senior staff at SAA are reportedly in line for suspension over allegations of misconduct related to contracts worth billions of rands.<\/a> <\/strong>The allegations are around jobs for friends, not advertising tenders and other irregularities at the airline. [TimesLive]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-04-10\/steinhoff-s-wiese-says-company-payments-related-to-shoprite-star\">Former Steinhoff chairman Christo Wiese has defended R5 billion payments made to him in 2017<\/a><\/strong>, which the company said yesterday went against the rules. Wiese said they payments were\u00a0up-front payments related to a planned merger between Shoprite and Steinhoff\u2019s Africa operations. The payments were approved by SARB, and were paid back when the deal fell through. [Bloomberg]<\/li>\n<\/ul>\n<ul>\n<li>South African stocks and the country\u2019s currency recovered Tuesday as investor jitters over a US-China trade row eased, boosting risk appetite, even as local manufacturing data pointed to a slow recovery in the domestic economy.<strong><a href=\"https:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\"> On Wednesday the rand was at R12.05 to the dollar, R17.10 to the pound and R14.90 to the euro.<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>SA&#8217;s economy could grow faster than expected; MTN plans to list its Nigeria unit this year; senior staff at SAA face suspension over allegations of misconduct; and former Steinhoff chair Christo Wiese clarifies R5 billion in payments made to him last year.<\/p>\n","protected":false},"author":10,"featured_media":176465,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,11121],"tags":[],"class_list":["post-237075","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\/237075","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=237075"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/237075\/revisions"}],"predecessor-version":[{"id":237085,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/237075\/revisions\/237085"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/176465"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=237075"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=237075"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=237075"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}