{"id":250329,"date":"2018-06-08T07:51:55","date_gmt":"2018-06-08T05:51:55","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=250329"},"modified":"2018-06-08T07:51:55","modified_gmt":"2018-06-08T05:51:55","slug":"5-important-things-happening-in-south-africa-today-320","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/250329\/5-important-things-happening-in-south-africa-today-320\/","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:\/\/mg.co.za\/article\/2018-06-08-00-broke-saa-goes-on-spending-spree\">Crisis-hit SAA is spending millions on its executives and consultants &#8211; all while asking government for billions more in bailouts.<\/a> <\/strong>According to the Mail &amp; Guardian, the airline is paying new CEO Vuyani Jarana a R6.7 million salary, and R25 million to Deutsche Bank to analyse financials and restructure debt. Jarana said it is necessary to address a skills shortage. [M&amp;G]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/city-press.news24.com\/News\/gordhan-there-are-no-plans-to-privatise-cash-strapped-eskom-20180607\">Public enterprises minister Pravin Gordhan says there are no plans to privatise Eskom.<\/a><\/strong> The power utility is facing major liquidity issues and has faced major changes in a bid to stabilise its business. The group is trying to instil confidence among its customers; however, employees are unhappy, with Eskom rejecting calls for a salary hike. [City Press]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/af.reuters.com\/article\/southAfricaNews\/idAFL5N1T95PC\">President Cyril Ramaphosa has asked Afrikaners to not view government&#8217;s plans for land reform as a threat<\/a><\/strong>, but rather as an opportunity to use the land to its fullest for the greatest economic benefit for all &#8211; and as a way to make reparations for the past. [Reuters]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/ewn.co.za\/2018\/06\/08\/zuma-remains-the-president-of-the-people\">Support for former president Jacob Zuma is building ahead of his court appearance<\/a> <\/strong>on charges of fraud and corruption. <strong><a href=\"http:\/\/ewn.co.za\/2018\/06\/08\/zuma-to-appear-in-court-as-trial-date-yet-to-be-decided\">Zuma is expected to appear in court again today<\/a><\/strong>, though his trial date has not yet been set. Supporters claim there is a conspiracy to tarnish his name. [EWN]<\/li>\n<\/ul>\n<ul>\n<li>South Africa\u2019s rand sunk to its weakest level in more than five months on Thursday as sentiment toward the currency was soured by a combination of poor economic growth and investors fleeing emerging markets. <strong><a href=\"https:\/\/xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\">On Friday the rand was at R12.99 to the dollar, R17.43 to the pound and R15.33 to the euro.<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Cash-strapped SAA goes on an executive and consultant spending spree; no plans to privatise Eskom in any way; Ramaphosa told Afrikaners that the ANC&#8217;s land reform policies are not a threat; and Zuma supporters come out ahead of the former president&#8217;s next appearance in court.<\/p>\n","protected":false},"author":10,"featured_media":156341,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,23],"tags":[26],"class_list":["post-250329","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\/250329","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=250329"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/250329\/revisions"}],"predecessor-version":[{"id":250345,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/250329\/revisions\/250345"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/156341"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=250329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=250329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=250329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}