{"id":302014,"date":"2019-02-27T06:38:34","date_gmt":"2019-02-27T04:38:34","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=302014"},"modified":"2019-02-27T06:38:34","modified_gmt":"2019-02-27T04:38:34","slug":"5-important-things-happening-in-south-africa-today-502","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/banking\/302014\/5-important-things-happening-in-south-africa-today-502\/","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>TymeBank CEO Sandile Shabalala says that the bank may start turning a profit far quicker than expected &#8211; <strong><a href=\"https:\/\/af.reuters.com\/article\/southAfricaNews\/idAFL5N20L4Z2\">and may break even by 2022<\/a><\/strong>. To achieve this, the bank would need to attract 2.2 million active customers and start lending to them. The group&#8217;s target market is SA&#8217; 21 million unbanked\/under banked population. [Reuters]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/mybroadband.co.za\/news\/cellular\/297536-icasa-investigating-vodacoms-proposed-data-rollover-charges.html\">Icasa says it will investigate Vodacom&#8217;s new plans to charge subscribers up to R50 to roll over data.<\/a> <\/strong>The authority said it appears to be a plot to make taking advantage of the new laws as unappealing as possible &#8211; and it will engage with Vodacom and determine whether this violates the new laws. [MyBroadband]<\/li>\n<\/ul>\n<ul>\n<li>Voter registration has officially closed, with president <strong><a href=\"https:\/\/www.enca.com\/news\/voter-registration-closed-8-may-declared-public-holiday\">Cyril Ramaphosa issuing a proclamation that sets the official day for the election on 8 May 2019<\/a><\/strong>. At last count at the close of registration weekends, almost 10 million eligible voters had not yet registered. [ENCA]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.702.co.za\/articles\/339323\/we-re-not-breaking-even-yet-it-s-been-8-years-it-s-not-unusual\">Takealot CEO Kim Reid says that the online retailer has not yet started breaking even &#8211; despite being operating for over 8 years.<\/a> <\/strong>He said that it takes a lot of money to build a business that can scale, and that going so long without breaking even is not unusual in the e-commerce space. [702]<\/li>\n<\/ul>\n<ul>\n<li>South Africa\u2019s rand fell on Tuesday, ending a rally that had seen the currency breach a key technical mark, amid cooling demand for emerging-market currencies that had been fuelled by optimism over US-China trade talks. <strong><a href=\"https:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\">On Wednesday, the rand was at R13.85 to the dollar, R18.35 to the pound and R15.76 to the euro.<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>TymeBank could break even within three years; Icasa to investigate Vodacom&#8217;s proposed data rollover charges; voting day is set and registrations are closed; and 8 years later, Takealot still isn&#8217;t turning a profit.<\/p>\n","protected":false},"author":10,"featured_media":59131,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[961,9872],"tags":[26,3314,13455,27],"class_list":["post-302014","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banking","category-business","tag-headline","tag-takealot","tag-tymebank","tag-vodacom"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/302014","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=302014"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/302014\/revisions"}],"predecessor-version":[{"id":302016,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/302014\/revisions\/302016"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/59131"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=302014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=302014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=302014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}