{"id":340355,"date":"2019-09-12T06:53:39","date_gmt":"2019-09-12T04:53:39","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=340355"},"modified":"2019-09-12T06:53:39","modified_gmt":"2019-09-12T04:53:39","slug":"5-important-things-happening-in-south-africa-today-635","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/340355\/5-important-things-happening-in-south-africa-today-635\/","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.enca.com\/news\/government-ready-start-land-reform-programme-mabuza\">Deputy president David Mabuza says government is ready to start its land reform programme, which includes expropriation without compensation.<\/a><\/strong> He said that 287 pieces of state-owned land have already been identified for redistribution. He also told farmers not to panic, that the government needs them here in South Africa for their skills &#8211; but would also welcome any donations of land from the sector. [Enca]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.businesslive.co.za\/bd\/national\/2019-09-11-treasury-approves-r300m-bailout-for-sa-express\/\">Treasury has approved yet another R300 million bailout for SA Express, bringing its total bailout to R1.5 billion this year.<\/a> <\/strong>SA Express needs the R300 million to keep flying as it has depleted its working capital and is unable to borrow from commercial banks without a shareholder\u2019s guarantee. The bailout has been met with criticism, with analysts pointing out that the airline&#8217;s competitors are operating in the same market and are making profits. [Business Day]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"http:\/\/www.702.co.za\/articles\/360537\/sa-concludes-new-trade-deal-with-the-uk-ahead-of-brexit\">South Africa has concluded an agreement with the UK, which will kick in if the latter ends up leaving the European Union without a deal.<\/a><\/strong> The UK is one of the biggest international partners for South Africa, and the threat of a no-deal Brexit has made some ties vulnerable. Thus, experts say the deal should be welcomed and celebrated, as it brings at least some certainty on the matter. [702]<\/li>\n<\/ul>\n<ul>\n<li>Naspers&#8217; listing of its internet business spinoff in Amsterdam, Prosus, has had a mixed result for the group. <strong><a href=\"https:\/\/www.moneyweb.co.za\/news\/companies-and-deals\/prosus-lists-at-r1-238-a-share-naspers-shares-fall-more-than-30\/\">Prosus shares jumped by a third on its debut &#8211; while Naspers&#8217; shares back home tanked by a third.<\/a><\/strong> The listing saw Naspers separate its internet business, including a 31% stake in Tencent, from its main group, which remains listed in South Africa. Naspers has a 73% shareholding in Prosus. [Moneyweb]<\/li>\n<\/ul>\n<ul>\n<li>South Africa\u2019s rand weakened on Wednesday after data showing business confidence in the country has collapsed, undermining a push by President Cyril Ramaphosa to kick-start growth after a decade of stagnation. Stocks rose, despite a plunge in bourse heavyweight Naspers Ltd. <strong><a href=\"https:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\">On Thursday the rand was at R14.65 to the dollar, R18.06 to the pound and R16.13 to the euro.<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Government has identified land for redistribution &#8211; and asks farmers not to panic; SA Express gets another bailout; SA and the UK have concluded an agreement for in the event of a hard Brexit; and Naspers&#8217; new internet spinoff Prosus soars, while back home Naspers tanks.<\/p>\n","protected":false},"author":10,"featured_media":295232,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,23],"tags":[26],"class_list":["post-340355","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\/340355","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=340355"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/340355\/revisions"}],"predecessor-version":[{"id":340357,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/340355\/revisions\/340357"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/295232"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=340355"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=340355"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=340355"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}