{"id":275497,"date":"2018-10-05T07:54:39","date_gmt":"2018-10-05T05:54:39","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=275497"},"modified":"2018-10-05T07:54:39","modified_gmt":"2018-10-05T05:54:39","slug":"5-important-things-happening-in-south-africa-today-403","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/275497\/5-important-things-happening-in-south-africa-today-403\/","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:\/\/af.reuters.com\/article\/southAfricaNews\/idAFL8N1WK4LJ\">President Cyril Ramaphosa aims to create 275,000 jobs a year\u00a0in agriculture, manufacturing and mining, through a series of deals between government and the private sector<\/a><\/strong>. This will be achieved by having companies focus on local procurement and an export drive on goods. [Reuters]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/mg.co.za\/article\/2018-10-05-00-finance-minister-nene-his-son-and-the-mozambican-refinery\">Finance minister Nhlanhla Nene is coming under scrutiny for alleged dealings between his son and the state&#8217;s Public Investment Corporation.<\/a> <\/strong>It is alleged in new reports that the PIC went out of its way to assist Nene&#8217;s son&#8217;s business partner \u00a0with a $1.7 million payout. Nene denies knowing anything about his son&#8217;s business dealings. [Mail &amp; Guardian]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.businesslive.co.za\/bd\/companies\/2018-10-05-sanral-plans-to-raise-r600m-to-fund-capital-projects\/\">Sanral, left in the lurch by motorists refusing to pay e-tolls, will try to raise R600 million from the capital markets to fund projects<\/a><\/strong>. The non-payment of e-tolls has left a R6 billion hole in Sanral&#8217;s budget. The group has had to cut back on new projects and road maintenance as a result. [BusinessLive]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.fin24.com\/Economy\/eff-to-introduce-private-bill-to-combat-aggressive-tax-avoidance-by-multinationals-20181005-2\">The EFF wants to get rid of the legal loopholes that are allowing multinational companies to get away with &#8220;aggressive tax avoidance&#8221;.<\/a><\/strong> The party has tabled a members&#8217; bill, which seeks to clearly define tax avoidance (vs tax evasion) and target the billions lost to illicit trades each year. [News24]<\/li>\n<\/ul>\n<ul>\n<li>South African assets weakened on Thursday as a rally in US bond yields overshadowed President Cyril Ramaphosa\u2019s promise to create an additional quarter of a million jobs year. <strong><a href=\"https:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\">On Friday the rand was at R14.86 to the dollar, R19.33 to the pound and R17.10 to the euro.<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Ramaphosa unveils his plan to tackle unemployment in South Africa; Nene under scrutiny over his son&#8217;s business dealings with the state; Sanral wants to raise R600 million from capital markets, after non-payment of e-tolls left a hole in its budget; and the EFF puts tax-avoiding multinationals in its crosshairs.<\/p>\n","protected":false},"author":10,"featured_media":65646,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,23],"tags":[26],"class_list":["post-275497","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\/275497","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=275497"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/275497\/revisions"}],"predecessor-version":[{"id":275527,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/275497\/revisions\/275527"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/65646"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=275497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=275497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=275497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}