{"id":270385,"date":"2018-09-10T08:17:51","date_gmt":"2018-09-10T06:17:51","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=270385"},"modified":"2018-09-10T08:17:51","modified_gmt":"2018-09-10T06:17:51","slug":"5-important-things-happening-in-south-africa-today-385","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/270385\/5-important-things-happening-in-south-africa-today-385\/","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.cnbcafrica.com\/insights\/state-capture\/2018\/09\/09\/bain-companys-managing-partner-steps-down-over-sars-debacle-monies-set-aside\/\">Bain &amp; Company has parted ways with its managing partner in South Africa, and is offering to pay back the R164 million it was paid for its work as SARS<\/a><\/strong>. This comes off the back of damning testimony against the company in the SARS commission, which is investigating governance issues at the revenue service. [CNBC Africa]<\/li>\n<\/ul>\n<ul>\n<li>The ANC has rejected weekend reports claiming that senior officials, including<strong><a href=\"https:\/\/af.reuters.com\/article\/africaTech\/idAFL5N1VV0LB\"> former president Jacob Zuma and secretary general Ace Magashule, were plotting to oust Cyril Ramaphosa<\/a><\/strong>. The party called it shameless gossip, with the intent to paint secretary general in a bad light. [Reuters]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.enca.com\/news\/commission-inquiry-state-capture-continues\">The Zondo commission into state capture continues today, with testimony expected from Treasury.<\/a><\/strong> Judge Zondo will also make a ruling this week on whether witnesses can be cross examined by the accused, and whether the Guptas can do so via video link to Dubai. [eNCA]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/mg.co.za\/article\/2018-09-10-city-of-cape-town-relaxes-water-restrictions\">The City of Cape Town has announced it will be easing water restrictions from level 6B to level 5 from 1 October 2018.<\/a><\/strong> This will allow residents to increase the water use from 50 litres per day to 70 litres per day. Tariffs will also be eased, the city said. [Mail &amp; Guardian]<\/li>\n<\/ul>\n<ul>\n<li>South Africa\u2019s rand continued to recover on Friday as a narrowing of the current account deficit helped ease some of the shock of the economy tripping into recession, while profit-taking on the recent slump also aided the currency. <strong><a href=\"https:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\">On Monday the rand was at R15.26 to the dollar, R19.70 to the pound and R17.62 to the euro.<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Bain &#038; Co drops its SA lead and offers to pay back the money it was paid by SARS; the ANC rejects reports on a plot to overthrow Ramaphosa; the state capture commission will hear from Treasury today; and Cape Town&#8217;s water restrictions are easing.<\/p>\n","protected":false},"author":10,"featured_media":157376,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,23],"tags":[26],"class_list":["post-270385","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\/270385","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=270385"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/270385\/revisions"}],"predecessor-version":[{"id":270397,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/270385\/revisions\/270397"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/157376"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=270385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=270385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=270385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}