{"id":271343,"date":"2018-09-14T08:21:56","date_gmt":"2018-09-14T06:21:56","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=271343"},"modified":"2018-09-14T08:21:56","modified_gmt":"2018-09-14T06:21:56","slug":"5-important-things-happening-in-south-africa-today-389","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/271343\/5-important-things-happening-in-south-africa-today-389\/","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>Ratings firm Moody&#8217;s says that with a stable outlook, <strong><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-09-13\/weak-south-africa-confidence-to-prevail-until-vote-moody-s-says\">there&#8217;s little chance that South Africa will be downgraded to junk status any time soon<\/a><\/strong>. However, the group warned of extremely slow growth, with weak confidence prevailing so long as policy uncertainty around land and other topics persists. [Bloomberg]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/mg.co.za\/article\/2018-09-14-00-china-gifts-sa-with-r370bn\">It has been revealed that China has &#8216;gifted&#8217; South Africa R370 billion toward president Cyril Ramaphosa&#8217;s economic stimulus package.<\/a><\/strong> While government was reportedly hesitant to accept money from China, it said it realised that it could not drag the country out of economic stagnation on its own. [Mail &amp; Guardian]<\/li>\n<\/ul>\n<ul>\n<li>A new court ruling has stated that repossessed homes have to be sold with a reserve price &#8211; <strong><a href=\"https:\/\/www.moneyweb.co.za\/news\/south-africa\/banks-slapped-down-over-home-repossessions-in-joburg-court-case\/\">putting an end to cases where houses would go on auction and sell for as little as R100<\/a><\/strong>. The court also ruled that the money judgment and sale in execution order must happen at the same time. [Moneyweb]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.timeslive.co.za\/news\/south-africa\/2018-09-14-zuma-not-scared-to-testify-at-state-capture-probe\/\">Former president Jacob Zuma says he&#8217;s not scared to take the stand and give his account of events in the state capture commission.<\/a><\/strong> Through his lawyer, Zuma said he has always cooperated with investigations and will continue to do so. [Times Select]<\/li>\n<\/ul>\n<ul>\n<li>South Africa\u2019s rand raced to its highest in more than a week on Thursday, erasing all of the losses suffered after the economy slipped into recession, as a rate hike in Turkey and Moody\u2019s decision to hold fire on a downgrade boosted demand. <strong><a href=\"https:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\">On Friday the rand was trading at R14.76 to the dollar, R19.35 to the pound and R17.25 to the euro.<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>South Africa is safe from junk status, at least for now, Moody&#8217;s says; China has given R370 billion toward South Africa&#8217;s economic stimulus plan; court rules that repossessed homes need a reserve price &#8211; so no more R100 auctions; and Zuma says he&#8217;s not afraid to give testimony in the state capture commission.<\/p>\n","protected":false},"author":10,"featured_media":92572,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121,23],"tags":[26],"class_list":["post-271343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-government","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/271343","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=271343"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/271343\/revisions"}],"predecessor-version":[{"id":271367,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/271343\/revisions\/271367"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/92572"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=271343"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=271343"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=271343"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}