{"id":750316,"date":"2024-02-09T07:51:54","date_gmt":"2024-02-09T05:51:54","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=750316"},"modified":"2024-02-09T08:07:29","modified_gmt":"2024-02-09T06:07:29","slug":"5-important-things-happening-in-south-africa-today-1707","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/government\/750316\/5-important-things-happening-in-south-africa-today-1707\/","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>Ramaphosa announces climate mitigation fund:<\/strong>&nbsp;President Cyril Ramaphosa delivered his State of the Nation Address, in which he announced that the government will establish a climate response fund to address the economic and social damage associated with harmful weather events.[<a href=\"https:\/\/www.businesslive.co.za\/bd\/national\/2024-02-08-government-moves-to-set-up-climate-mitigation-fund\/\" data-type=\"link\" data-id=\"https:\/\/www.businesslive.co.za\/bd\/national\/2024-02-08-government-moves-to-set-up-climate-mitigation-fund\/\" target=\"_blank\" rel=\"noreferrer noopener\">BusinessDay<\/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>Farmer wants a price:<\/strong> Pick n Pay has argued that farmers still have negotiating power with retailers when it comes to securing sustainable prices, unlike their European counterparts. The retailer said this at the Fresh Produce Market Inquiry led by the Competition Commission, which came on the back of major food price hikes across the country. [<a href=\"https:\/\/www.news24.com\/fin24\/companies\/sa-farmers-still-have-pricing-power-pick-n-pay-tells-competition-inquiry-20240208\" target=\"_blank\" rel=\"noreferrer noopener\">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>South African manufacturing remains subdued:&nbsp;<\/strong>South Africa\u2019s manufacturing sector has shown marginal growth in December, with it set only to have a diminutive impact on the country\u2019s Gross Domestic Product (GDP) figure for Q4. [<a href=\"https:\/\/businesstech.co.za\/news\/business\/750102\/more-disappointment-for-south-africas-economy\/\" data-type=\"link\" data-id=\"https:\/\/businesstech.co.za\/news\/business\/750102\/more-disappointment-for-south-africas-economy\/\" target=\"_blank\" rel=\"noreferrer noopener\">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>EFF turns to ConCourt over parliament\u2019s Phala Phala report decision:&nbsp;<\/strong>The Economic Freedom Fighters (EFF) have submitted documents to the Constitutional Court to challenge the decision made by the National Assembly, calling the decision not to adopt the Section 89 Independent Panel&#8217;s report on Phala Phala, and to not refer it to the Impeachment Committee unlawful and unconstitutional. [<a href=\"https:\/\/www.citizen.co.za\/news\/eff-concourt-overturn-parlys-decision-adopt-phala-phala-report\/\" data-type=\"link\" data-id=\"https:\/\/www.citizen.co.za\/news\/eff-concourt-overturn-parlys-decision-adopt-phala-phala-report\/\">The Citizen<\/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:<\/strong>&nbsp;The rand weakened on Thursday ahead of President Cyril Ramaphosa&#8217;s annual State of the Nation Address. On Friday (9 February), the rand was trading at R18.97 to the dollar, R23.92 to the pound, and R20.45 to the euro. Oil is trading at $81.44 a barrel. [<a href=\"https:\/\/www.reuters.com\/world\/africa\/south-african-rand-flat-early-trade-2024-02-07\/#:~:text=JOHANNESBURG%2C%20Feb%207%20(Reuters),weaker%20than%20its%20previous%20close.\" target=\"_blank\" rel=\"noreferrer noopener\">Reuters<\/a>]<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Climate mitigation fund announced; farmers still have a say; manufacturing remains weak; EFF heads to the ConCourt<\/p>\n","protected":false},"author":101,"featured_media":735127,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[18993],"class_list":["post-750316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-government","tag-5-important-things-happening-in-south-africa-today"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/750316","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\/101"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=750316"}],"version-history":[{"count":7,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/750316\/revisions"}],"predecessor-version":[{"id":750352,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/750316\/revisions\/750352"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/735127"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=750316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=750316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=750316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}