{"id":278087,"date":"2018-10-18T08:23:02","date_gmt":"2018-10-18T06:23:02","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=278087"},"modified":"2018-10-18T08:23:02","modified_gmt":"2018-10-18T06:23:02","slug":"5-important-things-happening-in-south-africa-today-412","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/278087\/5-important-things-happening-in-south-africa-today-412\/","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:\/\/ewn.co.za\/2018\/10\/18\/pic-inquiry-to-look-into-governance-issues-investment-decisions\">President Cyril Ramaphosa has signed off on an in-depth inquiry into the Public Investment Corporation, with a particular focus on claims of dodgy investments by the group<\/a><\/strong>. The PIC has around R2 trillion under management, and has been linked to many questionable investments. [EWN]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.iol.co.za\/news\/politics\/sars-head-of-its-vague-answers-leave-sars-inquiry-baffled-17529921\">After a bizarre appearance on live TV, SARS&#8217; head of IT continued to raise eyebrows in her appearance before the Nugent Commission<\/a><\/strong>, where she gave confusing answers to questions, and did very little in the way of clarifying anything to do with the systems at the revenue service. [IOL]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/af.reuters.com\/article\/southAfricaNews\/idAFL8N1WX640\">Steinhoff says that the investors that are suing the group over the billions lost in the accounting scandal are suspending litigation until next year.<\/a> <\/strong>The reason for the delay is because the group is starting to recover, and they want to give Steinhoff room to focus on its recovery plans. [Reuters]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.timeslive.co.za\/news\/south-africa\/2018-10-18-saa-identifies-2-suspects-in-connection-with-mid-air-theft-on-hong-kong-flights\/\">SAA says it has identified two people who may be involved with mid-flight robberies, and added that it is taking proactive steps to clamp down on such crimes<\/a><\/strong>. Passengers on a flight to Hong Kong were robbed of items, mid-flight, while they were sleeping. [TimesLive]<\/li>\n<\/ul>\n<ul>\n<li>South Africa\u2019s rand firmed on Wednesday as a jump in domestic retail sales and a global return of risk sentiment helped the currency claw back earlier losses. <strong><a href=\"https:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\">On Thursday the rand was at R14.29 to the dollar, R18.70 to the pound and R16.42 to the euro.<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Ramaphosa green-lights in-depth probe into the PIC; SARS head of IT continues to confuse and perplex with bizarre answers at the Nugent Commission; litigious Steinhoff investors are backing off for now; and SAA says it&#8217;s proactively trying to clamp down on mid-air robberies.<\/p>\n","protected":false},"author":10,"featured_media":217097,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,23],"tags":[26],"class_list":["post-278087","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\/278087","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=278087"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/278087\/revisions"}],"predecessor-version":[{"id":278093,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/278087\/revisions\/278093"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/217097"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=278087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=278087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=278087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}