{"id":356623,"date":"2019-11-25T07:15:40","date_gmt":"2019-11-25T05:15:40","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=356623"},"modified":"2019-11-25T07:15:40","modified_gmt":"2019-11-25T05:15:40","slug":"5-important-things-happening-in-south-africa-today-686","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/356623\/5-important-things-happening-in-south-africa-today-686\/","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>While the SAA strike may be over, the damage is done &#8211; and <strong><a href=\"https:\/\/city-press.news24.com\/Business\/saa-on-brink-of-collapse-even-r2bn-from-state-unlikely-to-save-it-20191125\">even if the airline got a R2 billion government bailout to pay salaries and keep running, it would not be enough.<\/a><\/strong> This is according to business rescue practitioners, who said that even if government made provision to pay SAA&#8217;s R9.2 billion in debt over the next three years, the company would still not be solvent. Union Solidarity is heading to court to force SAA into liquidation. [City Press]<\/li>\n<\/ul>\n<ul>\n<li>Aside from huge costs and worries over operational efficiency, <strong><a href=\"https:\/\/www.moneyweb.co.za\/news\/south-africa\/nhi-plan-will-create-another-state-monopoly-warns-wits-professor\/\">healthcare experts warn that the NHI will simply be creating another state-run monopoly<\/a><\/strong> &#8211; which is doomed to follow the likes of Eskom, Transnet and other SOEs: a breeding ground for corruption. Government is already a mass purchaser of drugs and medication. The NHI will become a monopoly purchaser. [Moneyweb]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/mg.co.za\/article\/2019-11-22-00-rogue-unit-case-will-set-precedent\">The Public Protector&#8217;s play against Pravin Gordhan and President Cyril Ramaphosa will come to a head this week<\/a><\/strong>, as the parties head to the Constitutional Court to challenge the remedial action that seeks to have Gordhan fired. The ultimate court ruling will set a precedent on what happens in cases where the Public Protector&#8217;s findings are challenged &#8211; specifically what happens in the interim while her reports are being challenged. [Mail &amp; Guardian]<\/li>\n<\/ul>\n<ul>\n<li>Two new reports from the investigative team at amaBhungane outline how Dan Majila, when he was head of the PIC, <strong><a href=\"https:\/\/www.dailymaverick.co.za\/article\/2019-11-25-dr-dan-and-dr-surve-take-pic-for-a-rough-ride\/\">signed off buying a 29% stake in Iqbal Surve&#8217;s AYO Holdings for R4.3 billion without the consent of the PIC<\/a><\/strong> &#8211; while investigations involving Surve revealed <strong><a href=\"https:\/\/www.dailymaverick.co.za\/article\/2019-11-25-iqbal-surves-share-manipulation-the-smoking-guns\/\">a host of questionable share trades in the company<\/a><\/strong> led by the Sekunjalo head. The paper trail followed is part of a Financial Sector Conduct Authority affidavit. [Daily Maverick]<\/li>\n<\/ul>\n<ul>\n<li>Holding steady, the S&amp;P\u2019s downward adjustment to SA\u2019s credit rating outlook didn\u2019t seem to hinder the local currency over the weekend. The US-China trade war remains stagnant with Beijing aiming for another round of talks and Washington expressing concern over the Hong Kong protests.<strong><a href=\"https:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\"> On Monday the rand was trading at R14.68 to the dollar, R18.87 to the pound and R16.18 to the euro.<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Even with government bailouts and guarantees, SAA is done; healthcare experts warn of another corruptible state monopoly in the NHI; the Constitutional Court sets the battleground for the next round of Mkhwebane vs Gordhan and Ramaphosa; Iqbal Surve, AYO and the PIC feature in two new investigative reports. <\/p>\n","protected":false},"author":10,"featured_media":85966,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,23],"tags":[26],"class_list":["post-356623","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\/356623","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=356623"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/356623\/revisions"}],"predecessor-version":[{"id":356655,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/356623\/revisions\/356655"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/85966"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=356623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=356623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=356623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}