{"id":357823,"date":"2019-11-28T07:00:23","date_gmt":"2019-11-28T05:00:23","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=357823"},"modified":"2019-11-28T07:00:23","modified_gmt":"2019-11-28T05:00:23","slug":"5-important-things-happening-in-south-africa-today-689","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/357823\/5-important-things-happening-in-south-africa-today-689\/","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:\/\/af.reuters.com\/article\/southAfricaNews\/idAFL8N2874PG\">Government says it is working &#8220;urgently&#8221; to ensure SAA survives<\/a><\/strong>, repeating the same line it has given for the past few years, saying it cannot continue as is. SAA only managed to pay 50% of worker salaries this month, having run out of money. It said that it needs R2 billion from government to keep operating &#8211; however it also refuses to publish financial records, <strong><a href=\"https:\/\/ewn.co.za\/2019\/11\/27\/saa-management-pulls-out-of-scopa-meeting-at-last-minute\">or turn up to parliamentary meetings to account for its finances<\/a><\/strong>. [Reuters]<\/li>\n<\/ul>\n<ul>\n<li>The South African Reserve Bank says it is difficult to model the effect of a Moody&#8217;s downgrade for South Africa, but even in the best case scenario, the country will lose billions of rands in foreign investment. <strong><a href=\"https:\/\/www.iol.co.za\/business-report\/economy\/reserve-bank-moodys-cut-may-cause-a-r118-billion-selloff-38068069\">The SARB said that the impact would be between R75 billion and R120 billion in foreign investment being pulled out of the country<\/a><\/strong>, with the wider impact on the markets dependent on the global attitude towards emerging markets at the time it happens. [IOL]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/www.moneyweb.co.za\/news\/south-africa\/sanral-tender-is-not-only-for-e-tolls-on-gfip\/\">Sanral says that its tender for a 6 year contract to collect toll fees is not exclusively for the Gauteng e-tolling project.<\/a><\/strong> The roads agency said that only party of the multi-billion rand tender is aimed towards the GFIP, and it is ready to take whatever action is required by national government when it finally makes a decision on what to do with the controversial open tolling system. [Moneyweb]<\/li>\n<\/ul>\n<ul>\n<li><strong><a href=\"https:\/\/ewn.co.za\/2019\/11\/28\/da-eff-to-go-head-to-head-as-new-jhb-mayor-to-be-elected-today\">Joburg residents should know by the end of the day who their new mayor is<\/a><\/strong>, as the City of Joburg council moves to vote for a new leader following former mayor Herman Mashaba&#8217;s exit on Wednesday. The DA has fielded Funzela Ngobeni for the top spot, while the EFF has nominated Musa Novela for the job. The ANC is yet to nominate a candidate. The EFF has promised to &#8216;give&#8217; the City of Tshwane to whichever major party votes for their nominee. [EWN]<\/li>\n<\/ul>\n<ul>\n<li>South Africa\u2019s rand firmed on Wednesday, tracking its emerging market peers after comments from US President Donald Trump spurred hopes of a resolution to the trade dispute between the United States and China. <strong><a href=\"https:\/\/www.xe.com\/currencyconverter\/convert\/?Amount=1&amp;From=USD&amp;To=ZAR\">On Thursday the rand was at R14.76 to the dollar, R19.09 to the pound and R16.25 to the euro.<\/a><\/strong><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Government says it&#8217;s working urgently to save SAA; South Africa could lose between R75 billion and R120 billion if it is fully junked; Sanral says its tolling tender won&#8217;t get in the way of government&#8217;s decision on e-tolls; and Joburg will have a new mayor by the end of the day &#8211; but who will it be?<\/p>\n","protected":false},"author":10,"featured_media":283004,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872,23],"tags":[26],"class_list":["post-357823","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\/357823","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=357823"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/357823\/revisions"}],"predecessor-version":[{"id":357825,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/357823\/revisions\/357825"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/283004"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=357823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=357823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=357823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}