{"id":279421,"date":"2018-10-24T07:57:46","date_gmt":"2018-10-24T05:57:46","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=279421"},"modified":"2018-10-24T09:28:57","modified_gmt":"2018-10-24T07:28:57","slug":"5-important-things-happening-in-south-africa-today-416","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/279421\/5-important-things-happening-in-south-africa-today-416\/","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\/24\/all-eyes-on-tito-mboweni-today-for-maiden-mtbps\">All eyes will be on finance minister Tito Mboweni today as he delivers what is expected to be a rocky mid-term budget speech at 14h00<\/a><\/strong>. While it is unlikely for there to be any new measures introduced in the speech, Mboweni is expected to detail government&#8217;s spending plans for the next three years, as well as measures to rein in spiralling debt. [EWN]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.enca.com\/business\/rand-cushions-fuel-hikes\">The strengthening of the rand is expected to cushion the blow of rising fuel prices, with data showing that prices should only climb by 6 cents per litre next week.<\/a><\/strong> Diesel, however, will still see a relatively big jump of around 40 cents per litre. Some economists believe that there could even be a slight decrease in the petrol price. [ENCA]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.timeslive.co.za\/politics\/2018-10-23-anc-opposition-mps-turn-on-eff-over-vbs-saga\/\">Political parties have turned the tables on the EFF at parliament, reversing roles and causing chaos while heckling the party&#8217;s deputy Floyd Shivambu to &#8216;pay back the money<\/a><\/strong>&#8216;. Shivambu and the EFF are being accused of receiving millions of rands from the looting of VBS Mutual Bank. Shivambu&#8217;s brother, Brian, was named as one of the people implicated in the looting. [TimesLive]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.dailymaverick.co.za\/article\/2018-10-24-sars-inquiry-shines-a-harsh-light-on-gartner-chiefs\/\">Global consultancy Gartner has conceded that the work it did for SARS to the tune of R200 million was both irregular and fruitless, as nothing it did was ultimately adopted<\/a><\/strong>. The Nugent commission this week revealed that Gartner had a hand in setting the terms of a tender it would go on to win &#8211; and subcontracted parts to the firm that helped it. [Daily Maverick]<\/li>\n<\/ul>\n<ul>\n<li>South African assets weakened across the board on Tuesday, erasing gains from the previous session as appetite for riskier assets was muted by global concerns. <strong><a href=\"https:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\">On Wednesday the rand was trading at R14.27 to the dollar, R18.52 to the pound and R16.36 to the euro.<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>All eyes on Tito Mboweni to deliver his maiden budget speech today; the stronger rand is cushioning the blow of another petrol hike; political parties flip the script on the EFF and call for Shivambu to pay back the money; and Gartner admits that its R200 million SARS contract was dodgy.<\/p>\n","protected":false},"author":10,"featured_media":135229,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,23],"tags":[26],"class_list":["post-279421","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\/279421","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=279421"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/279421\/revisions"}],"predecessor-version":[{"id":279497,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/279421\/revisions\/279497"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/135229"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=279421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=279421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=279421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}