{"id":339719,"date":"2019-09-10T06:55:45","date_gmt":"2019-09-10T04:55:45","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=339719"},"modified":"2019-09-10T06:55:45","modified_gmt":"2019-09-10T04:55:45","slug":"5-important-things-happening-in-south-africa-today-633","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/339719\/5-important-things-happening-in-south-africa-today-633\/","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.fin24.com\/Economy\/Eskom\/eskoms-worsening-load-shedding-eating-into-municipal-revenue-moodys-20190909-2\">Ratings firm Moody&#8217;s expects load shedding to return and continue in South Africa<\/a><\/strong>, which spells bad news for municipalities&#8217; credit ratings, as well as South Africa&#8217;s rating overall. In a new report, Moody&#8217;s has noted how electricity sales&#8217; contribution to GDP has declined, with the expectation that it will continue to do so because of load shedding. It expects large power users will also migrate off-grid. [Fin24]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.businesslive.co.za\/bd\/economy\/2019-09-09-conflict-over-process-could-compromise-discussion-on-mboweni-economic-plan-says-jonas\/\">Finance minister Tito Mboweni&#8217;s economic plan may have some of its biggest growth drivers overlooked,<\/a> <\/strong>because of the political fallout over how it was compiled and released, warns former deputy Mcebisi Jonas. The plan has riled many within the ANC&#8217;s alliance, with calls from unions to scrap it, while some in the NEC also push back. Jonas said South Africa didn&#8217;t have time for distractions, and there needs to be a show of urgency from government. [Business Day]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.enca.com\/news\/moyo-expected-old-mutual-respect-rule-law\">Old Mutual says it is within its rights to enforce a second directive from the board to dismiss CEO Peter Moyo<\/a><\/strong> &#8211; which is why it blocked the executive from returning to work on Monday. However, Moyo said that he expects the company to respect the rule of law, with a court order ruling that the first instance of his firing was unlawful. The courts last week dismissed Old Mutual&#8217;s application to keep Moyo out until its appeal of the initial ruling reaches its conclusion. [Enca]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.timeslive.co.za\/politics\/2019-09-09-anc-vows-to-amend-laws-to-fast-track-cases-of-gender-based-violence\/\">The ANC says it will work with other parties to fast-track changes to the country&#8217;s laws regarding violence against women and children<\/a><\/strong>, saying it will introduce harsher punishments for those convicted of the crimes. It, however, ruled out the return of the death penalty completely, saying that it wasn&#8217;t even entertained at its meetings. The party wants life sentences without bail or chance of parole for those convicted. [TimesLive]<\/li>\n<\/ul>\n<ul>\n<li>South Africa\u2019s rand rallied to a 5-week high on Monday on global demand for riskier assets as investors bet the United States central bank would cut lending rates next week.<strong><a href=\"https:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\"> On Tuesday the rand was at R14.76 to the dollar, R18.22 to the pound and R16.31 to the euro.<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Moody&#8217;s talks load shedding, and its impact on South Africa; Mboweni&#8217;s economic plan might get overlooked because of the politics surrounding it; Old Mutual says it is iwthin its rights to block Moyo from returning to work; and there&#8217;s a strong political drive for harsher punishments against sexual offenders &#8211; but no death penalty, says the ANC.<\/p>\n","protected":false},"author":10,"featured_media":298832,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,23],"tags":[26],"class_list":["post-339719","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\/339719","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=339719"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/339719\/revisions"}],"predecessor-version":[{"id":339721,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/339719\/revisions\/339721"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/298832"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=339719"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=339719"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=339719"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}