{"id":272569,"date":"2018-09-20T08:24:59","date_gmt":"2018-09-20T06:24:59","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=272569"},"modified":"2018-09-20T08:24:59","modified_gmt":"2018-09-20T06:24:59","slug":"5-important-things-happening-in-south-africa-today-393","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/272569\/5-important-things-happening-in-south-africa-today-393\/","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=\"http:\/\/www.702.co.za\/articles\/319982\/got-debt-why-the-sarb-probably-won-t-have-a-nasty-surprise-in-store-on-thursday\">The Reserve Bank will today make a decision on interest rates.<\/a><\/strong> Analysts were expecting a 50-50 chance that rates would be hiked on the back of the recession and increasing economic pressures; however, \u00a0recent better-than-expected inflation data has swayed the position to expect a hold on rates. [702]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/af.reuters.com\/article\/southAfricaNews\/idAFL8N1W55RS\">Nigeria&#8217;s central bank says it will review information given to it by MTN and banks accused of illegally repatriating $8.1 billion<\/a><\/strong>. The bank said it will work with the companies to find an amicable solution to the issue. [Reuters]<\/li>\n<\/ul>\n<ul>\n<li>New investigations into the Gupta scandal have revealed how the family&#8217;s computer business, Sahara, <strong><a href=\"https:\/\/www.dailymaverick.co.za\/article\/2018-09-19-how-the-guptas-tore-through-red-tape-to-hire-indian-nationals-illegally\/\">cut straight through government red tape using political connections, to hire Indian nationals illegally<\/a><\/strong>. The group reportedly fraudulently falsified work permits, and backdated contracts to make it possible. [Daily Maverick]<\/li>\n<\/ul>\n<ul>\n<li>Former president Jacob Zuma is expected to appeal a costs order, <strong><a href=\"https:\/\/www.enca.com\/news\/zuma-appeal-legal-costs-order\">which demanded he pay R10 million in legal costs, personally<\/a><\/strong>. The cost order relates to the case where he failed to prevent a Public Protector report on state capture, which implicated him, from being published. [eNCA]<\/li>\n<\/ul>\n<ul>\n<li>South Africa\u2019s rand gained more than 1% on Wednesday after better than expected inflation data cooled bets the central bank would raise lending rates at its meeting on Thursday. <strong><a href=\"https:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\">On Thursday the rand was trading at R14.63 to the dollar, R19.25 to the pound and R17.10 to the euro<\/a><\/strong>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank&#8217;s MPC will make an announcement on interest rates today; Nigeria&#8217;s central bank says it&#8217;s working with MTN to resolve the $8.1 billion demand; new investigations show how the Guptas got Indian nationals jobs in South Africa illegally; and Zuma is fighting to not pay R10 million in legal fees.<\/p>\n","protected":false},"author":10,"featured_media":189283,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,23],"tags":[26],"class_list":["post-272569","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\/272569","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=272569"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/272569\/revisions"}],"predecessor-version":[{"id":272581,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/272569\/revisions\/272581"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/189283"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=272569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=272569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=272569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}