{"id":733859,"date":"2023-11-27T08:00:00","date_gmt":"2023-11-27T06:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=733859"},"modified":"2023-11-27T08:15:17","modified_gmt":"2023-11-27T06:15:17","slug":"5-important-things-happening-in-south-africa-today-1660","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/733859\/5-important-things-happening-in-south-africa-today-1660\/","title":{"rendered":"5 important things happening in South Africa today"},"content":{"rendered":"\n<p>Here\u2019s what is happening in and affecting South Africa today:<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Less load shedding over holidays:<\/strong> Minister of Electricity Kgosientsho Ramokgopa says there will be less load shedding over the December period, adding that some days will be load-shedding-free. This comes as Ramokgopa said that some generating units are expected to return to service during the week, meaning more generating capacity. [<a rel=\"noreferrer noopener\" href=\"https:\/\/ewn.co.za\/2023\/11\/27\/ramokgopa-says-there-will-be-less-load-shedding-over-festive-season\" target=\"_blank\">EWN<\/a>]<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Post Office needs private help:<\/strong>&nbsp;The Post Office&#8217;s business rescue practitioners say a strategic partner is needed to help manage its R1.8 billion property portfolio. The business rescue practitioners (BRP) say the ailing state-owned entity&#8217;s own property team does not have the capacity to do the job.[<a rel=\"noreferrer noopener\" href=\"https:\/\/www.news24.com\/fin24\/companies\/wanted-strategic-partner-to-help-run-post-offices-crumbling-r18bn-property-empire-20231127\" target=\"_blank\">News24<\/a>]<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Treasury hits back:<\/strong>\u00a0The Treasury stated that the alleged currency collusion charged by the Competition Commission against 28 banks did not affect the rand exchange rate and is not the reason for the rand&#8217;s decline in the past decade. This statement comes as SA\u2019s big banks have come out to challenge the \u201cfalse and inaccurate\u201d notion that the currency was manipulated to \u201ccollapse the economy\u201d \u2013 as minister in the presidency, Khumbudzo Ntshavheni claimed a week ago. [<a href=\"https:\/\/businesstech.co.za\/news\/trending\/733863\/rand-manipulation-treasury-sets-the-record-straight\/\">BusinessTech<\/a>]<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>De Ruyter in hot water:<\/strong>&nbsp;A disgraced Eskom chief procurement officer (CPO) has demanded that former Eskom CEO Andr\u00e9 de Ruyter withdraw claims against him in his top-selling book <em>Truth to Power<\/em>. Solly Tshitangano\u2019s lawyers have written a letter to the book\u2019s publisher \u2013 Penguin Random House \u2013 demanding retractions of certain allegations and an apology from De Ruyter.[<a rel=\"noreferrer noopener\" href=\"https:\/\/mybroadband.co.za\/news\/energy\/517215-fired-eskom-executive-threatens-legal-action-over-de-ruyters-book.html\" target=\"_blank\">MyBroadband<\/a>] <\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Markets:&nbsp;<\/strong>The South African rand weakened on Friday, giving back some gains from the previous session when the central bank kept its main interest rate unchanged. On Monday (27 November), the rand was trading at R18.81 to the dollar, R23.72 to the pound and R20.60 to the euro. Oil is trading at $79.80 a barrel. [<a href=\"https:\/\/www.reuters.com\/markets\/currencies\/south-african-rand-extends-gains-after-key-rate-left-unchanged-2023-11-24\/\" target=\"_blank\" rel=\"noreferrer noopener\">Reuters<\/a>]<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Less load shedding for the December holidays; Post Office needs private help; Treasury hits back at rand manipulation allegations against banks; De Ruyter threatens legal action.<\/p>\n","protected":false},"author":10,"featured_media":731437,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[853],"class_list":["post-733859","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-government","tag-south-africa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/733859","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=733859"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/733859\/revisions"}],"predecessor-version":[{"id":733917,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/733859\/revisions\/733917"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/731437"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=733859"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=733859"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=733859"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}