{"id":262871,"date":"2018-08-03T07:41:38","date_gmt":"2018-08-03T05:41:38","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=262871"},"modified":"2018-08-03T07:41:38","modified_gmt":"2018-08-03T05:41:38","slug":"5-important-things-happening-in-south-africa-today-360","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/262871\/5-important-things-happening-in-south-africa-today-360\/","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>As South Africa&#8217;s big banks start reporting mid-year earnings next week, <strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-08-03\/south-african-banks-set-to-show-how-malaise-is-gripping-economy\">market analysts expect results to show yet another wasted year of earnings<\/a><\/strong> in South Africa as the &#8216;euphoria&#8217; around Cyril Ramaphosa dies down, and the same low-growth economy comes through. [Bloomberg]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.enca.com\/news\/unions-refuse-accept-eskoms-wage-offer\">Unions are refusing to accept Eskom&#8217;s wage offer, which the power utility says is its final offer.<\/a><\/strong> Eskom is offering a 7.5% increase and a once-off payment of R5,000. NUM and Numsa are digging in and refusing to accept, while Solidarity has accepted the offer. The deadlock has caused load shedding to return in SA. [eNCA]<\/li>\n<\/ul>\n<ul>\n<li>Questions have been raised about an &#8216;independent&#8217; and damning report into short-sellers Viceroy, <strong><a href=\"https:\/\/www.businesslive.co.za\/bd\/companies\/financial-services\/2018-08-03-did-capitec-pay-for-damning-viceroy-report\/\">after email correspondence made it appear as if Capitec bank commissioned it and wanted to pay for it<\/a><\/strong>. The bank and BLSA (who owns the report) deny this, saying that Capitec had only offered to pay for it, but the offer was declines. [BusinessLive]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.news24.com\/SouthAfrica\/News\/land-the-people-speak-anc-expropriation-resolution-wont-detract-from-review-committees-work-chairperson-20180803\">The Constitutional Review Committee on land says its work is unaffected by president Cyril Ramaphosa&#8217;s recent comments on land expropriation.<\/a><\/strong> The committee is continuing its roadshow seeking comment from affected South Africans about what the changes could mean for them. [New24]<\/li>\n<\/ul>\n<ul>\n<li>The South African rand lost ground against the greenback on Thursday as a bellicose United States Federal Reserve and escalating trade tensions weighed on emerging market currencies. <strong><a href=\"https:\/\/xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\">On Friday the rand was trading at R13.48 to the dollar, R17.55 to the pound and R15.63 to the euro.<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Unions keep Eskom under pressure, rejecting its final offer for wage increases; market is expecting another wasted year in SA banks&#8217; earnings next week; Capitec denies commissioning the damning report into short-seller Viceroy; and the Constitutional Review Committee says Ramaphosa&#8217;s land position doesn&#8217;t affect its work.<\/p>\n","protected":false},"author":10,"featured_media":56303,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121,23],"tags":[],"class_list":["post-262871","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\/262871","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=262871"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/262871\/revisions"}],"predecessor-version":[{"id":262887,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/262871\/revisions\/262887"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/56303"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=262871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=262871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=262871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}