{"id":323341,"date":"2019-06-14T07:03:31","date_gmt":"2019-06-14T05:03:31","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=323341"},"modified":"2019-06-14T07:05:29","modified_gmt":"2019-06-14T05:05:29","slug":"5-important-things-happening-in-south-africa-today-573","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/323341\/5-important-things-happening-in-south-africa-today-573\/","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>ANC deputy chief whip Doris Dlakude says resigning former minister should be left in peace to do so, <strong><a href=\"https:\/\/www.businesslive.co.za\/bd\/national\/2019-06-13-government-urged-to-ditch-airbnb-bill\/\">as they stand to lose a lot by remaining as MPs.<\/a><\/strong> All of the former ministers who were not reappointed to Cyril Ramaphosa&#8217;s cabinet have now resigned as MPs, with former labour minister Mildred Oliphant being the last one. The politicians stood to lose pensions and benefits had they remained. [TimesLive]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.bloombergquint.com\/onweb\/s-africa-s-kganyago-says-model-shows-may-be-room-for-rate-cuts\">The South African Reserve Bank\u2019s forecasting model suggests there might be room for interest rate cuts in the next year or two<\/a><\/strong>, given how weak the economy is, Governor Lesetja Kganyago said. The quarterly projection model currently prices in one 25 basis point cut by the first quarter of 2020, while forward-rate agreements foresee a more than 80% chance of a quarter-point cut next month. [Bloomberg]<\/li>\n<\/ul>\n<ul>\n<li>The budget for the State of the Nation Address on 20 June has been <strong><a href=\"https:\/\/city-press.news24.com\/News\/sona-budget-capped-at-r2-million-down-from-r92-million-five-years-ago-20190613\">cut by almost 80%, now capped at R2 million from R9.2 million before.<\/a> <\/strong>Parliament said it was working hard to cut costs as part of government&#8217;s plans to cut down unnecessary spending. About 1,200 guests are expected to attend the event. [City Press]<\/li>\n<\/ul>\n<ul>\n<li>A new report by Corruption Watch shows that<strong><a href=\"http:\/\/www.702.co.za\/articles\/351775\/new-report-reveals-concerning-levels-of-alleged-corruption-in-sa-policing\"> a large number of South Africans surveyed say they have experienced abuse of power at the hands of the South African Police<\/a><\/strong>, and shared experiences of corruption with them. This includes bribery and dereliction of duty with SAP members they have been in contact with. [702]<\/li>\n<\/ul>\n<ul>\n<li>South Africa\u2019s rand inched lower on Thursday, as investors assessed local political developments ahead of local inflation numbers next week and a decision on US interest rates.<strong><a href=\"https:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\"> On Friday the rand was at R14.87 to the dollar, R18.85 to the pound and R16.76 to the euro.<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>All the former ministers who didn&#8217;t make the cut for cabinet have now quit parliament; South Africa could see rate cuts in the near future; 20 June SONA budget has been cut by almost 80%; and loads of South Africans say they&#8217;ve experienced abuse and corruption with the SAPS.<\/p>\n","protected":false},"author":10,"featured_media":299672,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121,23],"tags":[26],"class_list":["post-323341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-government","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/323341","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=323341"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/323341\/revisions"}],"predecessor-version":[{"id":323345,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/323341\/revisions\/323345"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/299672"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=323341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=323341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=323341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}