{"id":240885,"date":"2018-04-26T08:08:22","date_gmt":"2018-04-26T06:08:22","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=240885"},"modified":"2018-04-26T08:08:22","modified_gmt":"2018-04-26T06:08:22","slug":"5-important-things-happening-in-south-africa-today-291","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/240885\/5-important-things-happening-in-south-africa-today-291\/","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>The Reserve Bank has warned that despite the upbeat feeling on South Africa&#8217;s economy at the moment, <strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-04-25\/state-firms-debt-may-threaten-financial-stability-sarb-says\">state companies&#8217; inability to finance themselves poses a very real threat to the country&#8217;s financial stability, and could very well push us further into junk status with ratings agencies.<\/a><\/strong> The SA government has given R450 billion in guarantees to SOEs. [Bloomberg]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.huffingtonpost.co.za\/2018\/04\/25\/steinhoff-christo-wiese-flogging-two-luxury-private-jets_a_23419709\/?utm_hp_ref=za-homepage\">South African billionaire Christo Wiese, who lost a sizeable chunk of his fortune in the Steinhoff mess, is looking to get rid of two private jets<\/a><\/strong>, which could score him close to R1 billion. Wiese said that he doesn&#8217;t need two jets, and is planning on replacing them both with a new one. Wiese lost 80% of his fortune in Steinhoff&#8217;s collapse. [Huffpo SA]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-04-25\/tiger-brands-confirms-deadly-bacteria-strain-found-in-samples\">Tiger Brands has confirmed that the strain of listeriosis which has killed almost 200 people in South Africa originated from its food<\/a><\/strong>. The group&#8217;s independent tests confirmed that the listeria ST6 strain, which the health department had identified as the killer, was found in Tiger Brand products. [Bloomberg]<\/li>\n<\/ul>\n<ul>\n<li>Following months of drought, Cape Town has started receiving much-needed rain &#8211; however, heavy showers have left many of the city&#8217;s streets flooded. The city&#8217;s <strong><a href=\"https:\/\/www.iol.co.za\/news\/south-africa\/western-cape\/pics-and-videos-heavy-rain-lashes-drought-stricken-cape-town-14657448\">Disaster Risk Management has been put on alert, and has warned residents to be cautious while travelling<\/a><\/strong>. Rainfall is expected to continue on Thursday. [IOL]<\/li>\n<\/ul>\n<ul>\n<li>South Africa\u2019s rand tumbled to its weakest in more than the three months and bonds also fell, as a rally in the dollar and US Treasuries battered emerging currencies and stocks on Wednesday. <strong><a href=\"https:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\">On Thursday the rand was trading at R12.44 to the dollar, R17.35 to the pound and R15.15 to the euro.<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Despite positive vibes, SA&#8217;s economy is still vulnerable to debt-ridden SOEs; billionaire Christo Wiese is flogging two jets; Tiger Brands confirms the deadly listeria strain that broke out in South Africa came from its products; and Cape Town now faces floods after heavy rainfall.<\/p>\n","protected":false},"author":10,"featured_media":118672,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121,23],"tags":[],"class_list":["post-240885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-government"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/240885","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=240885"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/240885\/revisions"}],"predecessor-version":[{"id":240901,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/240885\/revisions\/240901"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/118672"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=240885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=240885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=240885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}