{"id":279795,"date":"2018-10-25T08:18:07","date_gmt":"2018-10-25T06:18:07","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=279795"},"modified":"2018-10-25T08:18:07","modified_gmt":"2018-10-25T06:18:07","slug":"5-important-things-happening-in-south-africa-today-417","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/279795\/5-important-things-happening-in-south-africa-today-417\/","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.bloomberg.com\/news\/articles\/2018-10-24\/blindsided-here-s-what-markets-made-of-south-africa-s-budget\">While analysts weren&#8217;t expecting much good news from the mid-term budget, the market was blindsided by the much bleaker picture painted by finance minister Tito Mboweni<\/a><\/strong>, of a South Africa being strangled by structural issues, with high levels of debt, low growth, and not enough money to deal with it. [Bloomberg]<\/li>\n<\/ul>\n<ul>\n<li>Finance minister Tito Mboweni has made it clear he is against the scrapping of e-tolls, <strong><a href=\"https:\/\/ewn.co.za\/2018\/10\/25\/mboweni-on-e-tolls-motorists-must-pay-up-there-s-nothing-for-mahala\">saying that nothing comes for free, and motorists must pay up<\/a><\/strong>. Government has done several 180s on the issue, but according to Mboweni, it is now committed to the user-pays principle. [EWN]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.enca.com\/news\/investigators-convinced-isis-operating-durban\">State investigators are convinced that international terrorist group ISIS is operating in Durban.<\/a> <\/strong>Eleven men have been arrested for allegedly planting explosives around the city, and\u00a0ISIS flags, propaganda manuals and bomb-making material were found during raids. [ENCA]<\/li>\n<\/ul>\n<ul>\n<li>While president Cyril Ramaphosa is set to kick off an investment summit today, seeking $100 billion to help give South Africa an economic boost &#8211; <strong><a href=\"https:\/\/www.fin24.com\/Opinion\/why-ramaphosa-should-look-closer-to-home-in-his-100bn-hunt-20181025\">one investor believes the solution is much closer to home.<\/a><\/strong> Fund manager\u00a0Darryn Faulds says SA businesses are sitting with R1 trillion in &#8216;idle&#8217; cash, that, with the right incentives, are ripe for investment. [News24]<\/li>\n<\/ul>\n<ul>\n<li>South Africa\u2019s rand fell more than 1% and bonds slid on Wednesday after Finance Minister Tito Mboweni delivered a medium term budget with wider deficit estimates and lower growth forecasts. <strong><a href=\"https:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\">On Thursday the rand was at R14.58 to the dollar, R18.79 to the pound and R16.63 to the euro.<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Markets were blindsided by Mboweni&#8217;s bleak budget speech; e-tolls are not going anywhere, and have the support of Treasury; state investigators believe terror group ISIS have set up shop in Durban; Ramaphosa&#8217;s R1 trillion investment drive should look closer to home, one investor believes.<\/p>\n","protected":false},"author":10,"featured_media":168963,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,23],"tags":[26],"class_list":["post-279795","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\/279795","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=279795"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/279795\/revisions"}],"predecessor-version":[{"id":279821,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/279795\/revisions\/279821"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/168963"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=279795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=279795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=279795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}