{"id":244111,"date":"2018-05-14T07:08:58","date_gmt":"2018-05-14T05:08:58","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=244111"},"modified":"2018-05-14T07:08:58","modified_gmt":"2018-05-14T05:08:58","slug":"5-important-things-happening-in-south-africa-today-301","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/244111\/5-important-things-happening-in-south-africa-today-301\/","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.businesslive.co.za\/bd\/companies\/financial-services\/2018-05-14-coronation-steps-up-as-first-sa-investor-to-take-steinhoff-to-court\/\">One of Steinhoff&#8217;s biggest South African shareholders will reportedly be the first local investment group to take legal action against the company over its accounting scandal<\/a><\/strong>. According to Business Day, Coronation Fund Managers will take legal action against the retail group, and is currently consulting with legal minds. [Business Day]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-05-11\/south-african-public-servants-reject-government-s-wage-offer\">Unions representing hundreds of thousands of state workers have rejected government&#8217;s latest offer of wage increases<\/a><\/strong>, saying that it was practically the exact same offer they had rejected previously. Negotiations were supposed to have been concluded in February 2018 for implementation in April. [Bloomberg]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/af.reuters.com\/article\/southAfricaNews\/idAFL5N1SK0F5\">South Africa\u2019s national government is taking over the running of its troubled North West province, the National Council of Provinces (NCOP) has announced<\/a><\/strong>. The\u00a0province\u2019s health and treasury departments have been put under central government control and it has deployed army medics to treat hospital patients. [Reuters]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.702.co.za\/articles\/303266\/varun-gupta-to-travel-to-india\">Fraud-accused Varun Gupta has been granted permission to fly to India, as long as he is back in the country by the 26 May.<\/a><\/strong> The Gupta cousin has been accused, along with others, of using the\u00a0Estina Dairy Farm for fraud and corruption &#8211; specifically, money laundering. He wants to leave the country for a religious pilgrimage. [702]<\/li>\n<\/ul>\n<ul>\n<li>The rand staged a comeback on Friday, marking an erratic week where the local unit hit a 4-month high and low against the dollar in a matter of days. The volatility was driven by geopolitical tensions which eased later in the week. <strong><a href=\"https:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\">On Monday, the rand was trading at R12.27 to the dollar, R16.64 to the pound and R14.67 to the euro.<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Steinhoff shareholders plan legal action against it; public worker unions reject government&#8217;s wage offer &#8211; which means strikes might be on the way; national government has taken over the running of the North West Province; and fraud-accused Gupta cousin, Varun, has permission to leave South Africa as long as he returns.<\/p>\n","protected":false},"author":10,"featured_media":215195,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,23],"tags":[26],"class_list":["post-244111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-government","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/244111","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=244111"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/244111\/revisions"}],"predecessor-version":[{"id":244115,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/244111\/revisions\/244115"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/215195"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=244111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=244111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=244111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}