{"id":342513,"date":"2019-09-23T07:23:32","date_gmt":"2019-09-23T05:23:32","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=342513"},"modified":"2019-09-23T07:23:32","modified_gmt":"2019-09-23T05:23:32","slug":"5-important-things-happening-in-south-africa-today-642","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/342513\/5-important-things-happening-in-south-africa-today-642\/","title":{"rendered":"5 important things happening in South Africa today"},"content":{"rendered":"<p>Here\u2019s what is happening in and affecting South Africa today:<\/p>\n<ul>\n<li><strong><a href=\"https:\/\/www.iol.co.za\/news\/politics\/government-to-ban-foreign-business-from-certain-sectors-33387127\" target=\"_blank\" rel=\"noopener noreferrer\">Government is working on new laws that will bar foreign nationals from operating in certain sectors of the economy<\/a><\/strong>. Justice and Correctional Services Minister Ronald Lamola said that the legislation will strike a clear balance in helping the economy grow while clearly indicating which types of businesses foreign nationals are and are not allowed to operate in. [IOL]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.enca.com\/business\/south-africans-taxed-hilt\" target=\"_blank\" rel=\"noopener noreferrer\">South African taxpayers are some of the most heavily taxed in the world, but things may still get worse<\/a><\/strong>. Economist Mike Schussler believes that the government will likely increase personal income tax rates and the fuel levy as it is running out of options to raise money. [eNCA]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/city-press.news24.com\/News\/denel-blows-r250m-arms-deal-with-chad-20190923\" target=\"_blank\" rel=\"noopener noreferrer\">State arms company Denel has failed to supply R250 million worth of army vehicles to the government of Chad, despite having been paid a R100 million deposit almost two years ago<\/a><\/strong>. Chad has since cancelled the contract and demanded its deposit back from the cash-strapped arms company. [City Press]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.parliament.gov.za\/press-releases\/review-national-assembly-rules-removal-chapter-9-institution-office-bearers-kicks-earnest-today\" target=\"_blank\" rel=\"noopener noreferrer\">Parliament has begun revising the rules to deal with the removal of the Public Protector. <\/a><\/strong>While the constitution and the national assembly&#8217;s rules do set out a broad framework for parliament to remove the head of a Chapter 9 institution such as the public protector, these new changes aim to ensure clarity and uniformity. [Parliament]<b><br \/>\n<\/b><\/li>\n<\/ul>\n<ul>\n<li>The rand starts the week on the back foot following the US Federal Reserve&#8217;s decision to cut rates and further uncertainty regarding the US-China trade agreement. <strong><a href=\"https:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\">On Friday the rand was at R14.91 to the dollar, R18.62 to the pound and R16.43 to the euro.<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>New laws will block foreign nationals from working in certain sectors of South Africa&#8217;s economy; South African taxpayers may be hit hard by new increases; A R250 million Denel deal has fallen through; and parliament is has begun working on the rules to remove the public protector.<\/p>\n","protected":false},"author":10,"featured_media":96065,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[26],"class_list":["post-342513","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/342513","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=342513"}],"version-history":[{"count":7,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/342513\/revisions"}],"predecessor-version":[{"id":342531,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/342513\/revisions\/342531"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/96065"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=342513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=342513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=342513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}