{"id":279001,"date":"2018-10-23T07:57:05","date_gmt":"2018-10-23T05:57:05","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=279001"},"modified":"2018-10-23T09:14:30","modified_gmt":"2018-10-23T07:14:30","slug":"5-important-things-happening-in-south-africa-today-415","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/279001\/5-important-things-happening-in-south-africa-today-415\/","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.enca.com\/business\/watch-cash-strapped-eskom-applies-tariff-hike\">Eskom has applied for a 15% tariff hike every year for the next three years in a bid to boost revenues.<\/a> <\/strong>This would be on top of the 4.1% increase already granted by the energy regulator to allow Eskom to claw back R30 billion owed to it. If granted, the increase will total almost 20%, effective April 2019. [ENCA]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.news24.com\/SouthAfrica\/News\/wolves-at-vbs-banks-door-mahikeng-wants-its-r84m-investment-back-20181023\">The first of what is expected to be many municipalities is knocking on the doors of VBS Mutual Bank, demanding its money back.<\/a> <\/strong>Mahikeng local municipality is demanding the bank be liquidated and R84 million it invested be returned. Over 50 executives have been accused of looting the bank of R2 billion. [News24]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.businesslive.co.za\/bd\/national\/2018-10-23-npas-rogue-unit-case-to-be-challenged-in-court\/\">Former SARS officials implicated in the so-called &#8220;SARS rogue unit&#8221; are launching a counter-offensive<\/a><\/strong>, initiating legal proceedings to get the National Prosecuting Authority to drop the charges against them &#8211; while also calling for investigations into the three prosecutors leading the case against them. [Business Day]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/ewn.co.za\/2018\/10\/23\/national-debt-fuel-relief-package-on-list-of-expectations-for-mtbps\">Political parties are calling on finance minister Tito Mboweni to present a relief package for fuel prices<\/a> <\/strong>as part of his mid-term budget speech &#8211; among calls for clarity on government&#8217;s stance on several issues. [EWN]<\/li>\n<\/ul>\n<ul>\n<li>South Africa\u2019s rand and shares firmed on Monday as emerging markets were boosted by hopes of more economic stimulus from China. <strong><a href=\"https:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\">On Tuesday the rand was trading at R14.34 to the dollar, R18.60 to the pound and R16.43 to the euro.\u00a0<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Eskom wants a 15% tariff hike &#8211; meaning total increases could total 20% in 2019; VBS clients are banging on the doors, demanding their money back; former SARS officials are launching a counter-offensive against the NPA over the so-called &#8216;rogue unit&#8217;; and parties want Mboweni to give petrol price relief in tomorrow&#8217;s mid-term budget speech.<\/p>\n","protected":false},"author":10,"featured_media":90548,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,23],"tags":[26],"class_list":["post-279001","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\/279001","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=279001"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/279001\/revisions"}],"predecessor-version":[{"id":279017,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/279001\/revisions\/279017"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/90548"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=279001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=279001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=279001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}