{"id":291218,"date":"2018-12-18T08:15:52","date_gmt":"2018-12-18T06:15:52","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=291218"},"modified":"2018-12-18T09:24:22","modified_gmt":"2018-12-18T07:24:22","slug":"5-important-things-happening-in-south-africa-today-454","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/291218\/5-important-things-happening-in-south-africa-today-454\/","title":{"rendered":"5 important things happening in South Africa today"},"content":{"rendered":"<p>Here\u2019s what is happening in and affecting South Africa today:<\/p>\n<ul>\n<li><strong><a href=\"https:\/\/www.enca.com\/news\/edcon-calls-calm-amid-news-possible-collapse\" target=\"_blank\" rel=\"noopener\">Edcon Holdings is calling for calm after news of the company\u2019s possible collapse has stoked fears of mass job losses<\/a><\/strong>. The company has stated that it&#8217;s close to announcing a deal to save the business, which would result in it only closing smaller stores. [eNCA]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.businesslive.co.za\/bd\/national\/2018-12-18-sabc-security-contract-was-irregularly-issued-says-siu-report\/\" target=\"_blank\" rel=\"noopener\">The SABC is in hot water again after a\u00a0preliminary Special Investigating Unit (SIU) probe\u00a0found that a R185\u00a0million SABC security tender was irregularly awarded<\/a><\/strong>. The findings could cast a shadow over the Ramaphosa administration\u2019s drive to clean up the SABC, which has reported losses exceeding R1.5 billion over the past two financial years. [BusinessDay]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/city-press.news24.com\/News\/eastern-cape-mec-blames-r13bn-loss-on-people-leaving-the-province-20181218\" target=\"_blank\" rel=\"noopener\">The Eastern Cape is beginning\u00a0to feel the effects of mass semigration<\/a><\/strong>. The province&#8217;s MEC for finance, Oscar Mabuyane, reports that\u00a0more than 1.5 million people have migrated out of the province between 2006 and 2018. This has cost the province at least R13 billion with a recent budget adjustment estimating that\u00a0 R5.9 billion could be lost, he said. [City Press]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.sanews.gov.za\/south-africa\/mop-operations-underway-sun-city-after-storm\" target=\"_blank\" rel=\"noopener\">Mop up operations are underway at the Sun City resort in the North West after a severe hail storm on Saturday afternoon caused damage to buildings and vehicles.<\/a><\/strong> Most of the damage was caused by flash flooding at the Sun Central family and entertainment precinct,\u00a0while close to 200 rooms were affected\u00a0across\u00a0the\u00a0resort&#8217;s\u00a0five major accommodation sites. [SA News]<\/li>\n<\/ul>\n<ul>\n<li>South African markets were closed on Monday but could feel the pain when they reopen as both Asian and US markets continued to slide.\u00a0<strong><a href=\"https:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\">On Monday, the rand was at R14.38 to the dollar, R18.16 to the pound and R16.31 to the euro.<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Edcon says it has a plan to keep the business open; the SABC is in hot water again; the Eastern Cape is beginning\u00a0to feel the effects of mass semigration; and mop-up operations are underway at the Sun City resort.<\/p>\n","protected":false},"author":10,"featured_media":278795,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[26],"class_list":["post-291218","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/291218","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=291218"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/291218\/revisions"}],"predecessor-version":[{"id":291256,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/291218\/revisions\/291256"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/278795"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=291218"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=291218"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=291218"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}