{"id":348467,"date":"2019-10-24T07:03:09","date_gmt":"2019-10-24T05:03:09","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=348467"},"modified":"2019-10-24T07:05:59","modified_gmt":"2019-10-24T05:05:59","slug":"5-important-things-happening-in-south-africa-today-664","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/348467\/5-important-things-happening-in-south-africa-today-664\/","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\/South-Africa\/sars-re-launches-business-tax-collection-unit-shut-down-under-moyane-20191023\">SARS has relaunched a unit focused on collecting taxes from big corporations in the country.<\/a><\/strong> The unit was previously shut down under the orders of former commissioner Tom Moyane, who has been accused of maladministration and destroying SARS&#8217; capacity to collect revenue. The renewed unit will focus on all companies with over R1 billion in turnover, and wealthy individuals with total net assets over R75 million. [Fin24]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/businesstech.co.za\/news\/government\/348429\/da-chairperson-athol-trollip-is-third-leader-to-quit\/\">The DA has been left leaderless<\/a><\/strong> after Mmusi Maimane resigned from the party&#8217;s top position, and Athol Trollip quit his position as chairman &#8211; and politics altogether. In normal circumstances, when a leader quits unexpectedly, the chairman takes over, but because both quit at the same time, the party doesn&#8217;t know what to do. It said it would seek legal advice on what to do next. [BusinessTech]<\/li>\n<\/ul>\n<ul>\n<li>Despite talk of clean governance from leadership, <strong><a href=\"https:\/\/www.dailymaverick.co.za\/article\/2019-10-24-auditor-general-lifts-lid-on-irregular-expenditure-its-ballooned-to-r61-35bn\/\">irregular expenditure among state departments and state companies has risen to R61.4 billion in the latest financial year<\/a><\/strong>, up from R50 billion previously. Auditor-General Kimi Makwetus said that this was reflective of government&#8217;s non-compliance and lack of discipline in following proper procurement procedures &#8211; a trend seen, and only getting worse, over the last 11 years. [Daily Maverick]<\/li>\n<\/ul>\n<ul>\n<li>The biggest reason <strong><a href=\"https:\/\/mybroadband.co.za\/news\/broadband\/324474-the-biggest-reason-for-high-mobile-data-prices-revealed.html\">why mobile data prices remain stubbornly high in countries like South Africa is because there is a lack of competition<\/a><\/strong>, a new report has found. The latest Affordability Report by the Alliance for Affordable Internet found that in consolidated markets dominant companies keep prices high. South Africa&#8217;s mobile market is dominated by two companies, MTN and Vodacom, which account for 72% of the market. [MyBroadband]<\/li>\n<\/ul>\n<ul>\n<li>South Africa\u2019s rand dipped on Wednesday as consumer price data fell more than expected in September to 4.1% in annual terms, raising the prospect of further monetary policy easing. <strong><a href=\"https:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\">On Thursday the rand was trading at R14.62 to the dollar, R18.89 to the pound and R16.29 to the euro.<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>SARS revives corporate tax unit shut down by Moyane; the DA has been left leaderless after Maimane and Trollip&#8217;s double resignation; government doesn&#8217;t care about following due process, as irregular spend balloons to R61 billion; and if you want lower data prices, you need more competition, a new report shows.<\/p>\n","protected":false},"author":10,"featured_media":74874,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,23],"tags":[26],"class_list":["post-348467","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\/348467","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=348467"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/348467\/revisions"}],"predecessor-version":[{"id":348479,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/348467\/revisions\/348479"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/74874"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=348467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=348467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=348467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}