{"id":242327,"date":"2018-05-04T06:56:14","date_gmt":"2018-05-04T04:56:14","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=242327"},"modified":"2018-05-04T06:56:14","modified_gmt":"2018-05-04T04:56:14","slug":"5-important-things-happening-in-south-africa-today-295","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/242327\/5-important-things-happening-in-south-africa-today-295\/","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>KPMG&#8217;s future in South Africa is under threat, with Absa&#8217;s decision on Thursday to drop the auditing firm said to remove a R138 million annual paycheque from the group&#8217;s books. <strong><a href=\"http:\/\/ewn.co.za\/2018\/05\/03\/nedbank-keeps-kpmg-as-its-auditor\">While KPMG SA&#8217;s other big banking client Nedbank, said it will keep the auditor on (for now), analysts expect more big clients to abandon the firm.<\/a><\/strong> [EWN]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.iol.co.za\/business-report\/international\/oil-at-68-a-barrel-as-iran-sanctions-loom-14757634\">South African motorists should prepare for more petrol price pain in the coming months, as oil prices linger around three-year highs<\/a><\/strong>, and the rand continues to feel pressure from the dollar. Motorists were hit with a 50 cent hike in May, and analysts expect June&#8217;s adjustment to also be upwards, pushing the price to over R15 a litre. [IOL]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.enca.com\/technology\/twitter-urges-users-to-change-passwords-after-computer-glitch\">Twitter users across the globe are being encouraged to change their passwords after the social media group reported a &#8216;glitch&#8217; that had passwords stored in plain text on the system<\/a><\/strong> &#8211; reportedly for months. A source within Twitter said the issue was only discovered in the past few weeks, and has been reported to regulators. [eNCA]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-05-03\/mining-charter-will-be-finalized-soon-s-africa-s-ramaphosa\">The mining charter issue in South Africa will be resolved &#8216;soon&#8217; according to president Cyril Ramaphosa, who says a deadline has been set<\/a><\/strong>. The controversial mining charter issue has been hanging over the country&#8217;s head for months, and would drive foreign investment out of the country, according to mining groups. It calls for increased black ownership of SA mines. [Bloomberg]<\/li>\n<\/ul>\n<ul>\n<li>South Africa\u2019s rand strengthened on Thursday as the US Federal Reserve avoided a hawkish tone at its latest monetary policy meeting, while stocks slipped. <strong><a href=\"https:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\">On Friday the rand was trading at R12.59 to the dollar, R17.10 to the pound and R15.10 to the euro.<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>KPMG is losing R138 million from Absa&#8217;s exit; high oil prices means petrol pain for motorists in the coming months; it&#8217;s time to change your Twitter password; and the mining charter issue will be resolved &#8216;soon&#8217;, says Ramaphosa.<\/p>\n","protected":false},"author":10,"featured_media":183037,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,11121],"tags":[],"class_list":["post-242327","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\/242327","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=242327"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/242327\/revisions"}],"predecessor-version":[{"id":242331,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/242327\/revisions\/242331"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/183037"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=242327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=242327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=242327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}