{"id":307780,"date":"2019-03-29T06:49:51","date_gmt":"2019-03-29T04:49:51","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=307780"},"modified":"2019-03-29T06:49:51","modified_gmt":"2019-03-29T04:49:51","slug":"5-important-things-happening-in-south-africa-today-523","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/307780\/5-important-things-happening-in-south-africa-today-523\/","title":{"rendered":"5 important things happening in South Africa today"},"content":{"rendered":"<p>Here&#8217;s what is happening in an affecting South Africa today:<\/p>\n<ul>\n<li>Moody&#8217;s will deliver a review on South Africa today, with most analysts expecting the country to avoid a downgrade to full junk status, with a more likely outcome being a change in the outlook from stable to negative. However, <strong><a href=\"https:\/\/www.cnbcafrica.com\/zdnl-mc\/2019\/03\/28\/moodys-decides-has-a-downgrade-to-junk-already-been-priced-in\/\">economists believe a downgrade has already long been priced into the market.<\/a> <\/strong>[CNBC]<\/li>\n<\/ul>\n<ul>\n<li>South Africa is <strong><a href=\"https:\/\/www.enca.com\/news\/sa-has-worst-labour-relations-world\">viewed as having the worst labour relations in the world,<\/a> <\/strong>according to the latest World Economic Forum Competitiveness Report. The country&#8217;s labour laws are heavily imbalanced in favour of workers, which makes it difficult for SMEs, and is seen as not conducive for economic growth. [ENCA]<\/li>\n<\/ul>\n<ul>\n<li>New SARS boss Edward Kieswetter faces an upward battle as <strong><a href=\"https:\/\/mg.co.za\/article\/2019-03-29-00-sars-crippled-by-moyane-loyalists\">loyalists of former head Tom Moyane allegedly sabotage operations and manipulate unions<\/a><\/strong>. SARS workers went on strike this week, calling for Moyane&#8217;s return. Moyane was sacked due to maladministration. [Mail &amp; Guardian]<\/li>\n<\/ul>\n<ul>\n<li>Angelo Agrizzi continued to implicate power people in his state capture testimony &#8211;<strong><a href=\"https:\/\/www.dailymaverick.co.za\/article\/2019-03-28-im-not-surprised-bosasa-whistle-blower-angelo-agrizzi-on-learning-of-a-death-threat\/\"> and has had his life threatened because of it.<\/a> <\/strong>The former Bosasa exec has received threats to stop talking. Some of those implicated, meanwhile, have applied to cross examine him. [Daily Maverick]<\/li>\n<\/ul>\n<ul>\n<li>South Africa\u2019s rand extended its fall on Thursday, tracking emerging market currencies as the Turkish lira dropped, and as traders remained cautious ahead of a Moody\u2019s sovereign rating decision today.<strong><a href=\"https:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\"> On Friday the rand was at R14.60 to the dollar, R19.08 to the pound and R16.39 to the euro.<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>D-Day for South Africa and the Moody&#8217;s rating review; WEF report finds SA&#8217;s labour relations are seen as the worst in the world; new SARS boss facing uphill battle as Moyane loyalists are said to be making trouble; and Angelo Agrizzi faces death threats for damning testimony against power politicians.<\/p>\n","protected":false},"author":10,"featured_media":24779,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,23],"tags":[26],"class_list":["post-307780","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\/307780","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=307780"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/307780\/revisions"}],"predecessor-version":[{"id":307782,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/307780\/revisions\/307782"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/24779"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=307780"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=307780"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=307780"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}