{"id":274961,"date":"2018-10-03T08:24:21","date_gmt":"2018-10-03T06:24:21","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=274961"},"modified":"2018-10-03T08:24:21","modified_gmt":"2018-10-03T06:24:21","slug":"5-important-things-happening-in-south-africa-today-401","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/274961\/5-important-things-happening-in-south-africa-today-401\/","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.iol.co.za\/business-report\/companies\/sa-woes-continue-as-nersa-allows-eskom-tariff-hike-17332011\">South Africans are facing another blow as the energy regulator has given Eskom the green light to hike electricity tariffs.<\/a><\/strong> Any increase will come into effect in April 2019. Analysts believe that the hike could be between 10% and 19%. [IOL]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/af.reuters.com\/article\/southAfricaNews\/idAFL8N1WI29G\">Finance minister Nhlanlha Nene will deliver his testimony to the state capture commission today<\/a><\/strong>. Nene is expected to give more detail around &#8216;secret&#8217; meetings he had with the Guptas during his first term as finance minister, as well as the conditions around his being fired by former president Jacob Zuma. [Reuters]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/ewn.co.za\/2018\/10\/03\/gauteng-taxi-operators-warn-of-strike-over-rising-fuel-costs\">The taxi industry is threatening strike action following record petrol price increases, saying that it is forcing them to hike tariffs.<\/a><\/strong> Analysts expect the fuel price increase to ripple through various industries, raising the prices of goods, transport and many other services across the value chain. [EWN]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.news24.com\/SouthAfrica\/News\/welcome-to-makhanda-formerly-known-as-grahamstown-20181003\">Grahamstown has been officially renamed as Makhanda, following a final determination from\u00a0after Arts and Culture Minister Nathi Mthethwa<\/a><\/strong>. The name change was approved in June, but faced a number of complaints. The complaints were heard, and taken into account, but the name change is now final. [News24]<\/li>\n<\/ul>\n<ul>\n<li>South Africa\u2019s rand retreated again on Tuesday as turmoil in Italy sparked off a selloff on the euro that spread to emerging market currencies as investors avoided risk assets and fled to safe havens. <strong><a href=\"https:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\">On Wednesday the rand was at R14.34 to the dollar, R18.65 to the pound and R16.61 to the euro<\/a><\/strong>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Eskom has been given the green light to hike tariffs; finance minister Nhlanhla Nene will testify at the state capture commission today; taxis threaten strike action as the record petrol price hike hit hard; and say goodbye to Grahamstown as the name change officially goes through.<\/p>\n","protected":false},"author":10,"featured_media":75316,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,11121],"tags":[26],"class_list":["post-274961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-finance","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/274961","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=274961"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/274961\/revisions"}],"predecessor-version":[{"id":274977,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/274961\/revisions\/274977"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/75316"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=274961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=274961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=274961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}