{"id":764269,"date":"2024-03-28T07:42:46","date_gmt":"2024-03-28T05:42:46","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=764269"},"modified":"2024-08-19T16:58:14","modified_gmt":"2024-08-19T14:58:14","slug":"5-important-things-happening-in-south-africa-today-1739","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/5-things\/764269\/5-important-things-happening-in-south-africa-today-1739\/","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>Parliament passes Expropriation Bill:<\/strong> &nbsp;The National Assembly has approved the Expropriation Bill as amended by the National Council of Provinces, by 205 votes to 108. Although not yet signed into law, the bill would allow for, in certain instances, \u2018nil compensation.\u2019 [<a href=\"https:\/\/www.dailymaverick.co.za\/article\/2024-03-27-expropriation-bill-ends-16-year-legislative-journey-to-presidential-in-tray\/\" data-type=\"link\" data-id=\"https:\/\/www.dailymaverick.co.za\/article\/2024-03-27-expropriation-bill-ends-16-year-legislative-journey-to-presidential-in-tray\/\" target=\"_blank\" rel=\"noreferrer noopener\">Daily Maverick<\/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&#8217;s irregular R1 billion IT project:<\/strong>\u00a0The National Treasury, has come under fire from parliament\u2019s standing committee on public accounts after the Special Investigating Unit (SIU) revealed that it mishandled an IT project valued at more than R1 billion. The SIU found the project to be irregular. [<a href=\"https:\/\/www.businesslive.co.za\/bd\/national\/2024-03-28-treasury-chastised-for-errors-in-irregular-r1bn-it-project\/\" data-type=\"link\" data-id=\"https:\/\/www.businesslive.co.za\/bd\/national\/2024-03-28-treasury-chastised-for-errors-in-irregular-r1bn-it-project\/\" target=\"_blank\" rel=\"noreferrer noopener\">Business Day<\/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>Motsepe eyes stake in MultiChoice acquisition:&nbsp;<\/strong>South African billionaire Patrice Motsepe is reportedly negotiating with Vivendi SE&#8217;s Canal+ to participate in its multi-billion dollar offer for the broadcasting company, MultiChoice Group. [<a href=\"https:\/\/businesstech.co.za\/news\/business\/764271\/billionaire-motsepe-throws-hat-into-multichoice-acquisition-ring\/\" data-type=\"link\" data-id=\"https:\/\/businesstech.co.za\/news\/business\/764271\/billionaire-motsepe-throws-hat-into-multichoice-acquisition-ring\/\" 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>Lifestyle audits for senior MPs proposed:<\/strong> Following a review of the Code of Ethical Conduct and Disclosure of Members&#8217; Interests, a proposal has been presented to Parliament to conduct lifestyle audits for all senior parliamentarians and not just cabinet members. This could see fines of up to R45,000 for ethical breaches, and a clampdown on &#8216;irresponsible social media usage&#8217;.<strong> <\/strong>[<a href=\"https:\/\/www.news24.com\/news24\/politics\/parliament\/lifestyle-audits-mooted-for-senior-mps-but-graft-allegations-will-red-flag-all-lawmakers-20240328\" data-type=\"link\" data-id=\"https:\/\/www.news24.com\/news24\/politics\/parliament\/lifestyle-audits-mooted-for-senior-mps-but-graft-allegations-will-red-flag-all-lawmakers-20240328\" 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>Markets:<\/strong> The rand strengthened on Wednesday after the Reserve Bank left the repo rate unchanged at 8.25%. On Thursday (28 March), the rand was trading at R18.92 to the dollar, R23.87 to the pound, and R20.41 to the euro. Oil is trading at $86.40 a barrel. [<a href=\"https:\/\/www.reuters.com\/world\/africa\/south-african-rand-flat-ahead-central-banks-rate-decision-2024-03-27\/\" data-type=\"link\" data-id=\"https:\/\/www.reuters.com\/world\/africa\/south-african-rand-flat-ahead-central-banks-rate-decision-2024-03-27\/\" target=\"_blank\" rel=\"noreferrer noopener\">Reuters<\/a>]<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Parliament passes Expropriation Bill; Treasury&#8217;s R1 billion irregular contract; Motsepe eyes stake in Multichoice; and lifestyle audits for more government officials. <\/p>\n","protected":false},"author":101,"featured_media":753407,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20398],"tags":[18993],"class_list":["post-764269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-5-things","tag-5-important-things-happening-in-south-africa-today"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/764269","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=764269"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/764269\/revisions"}],"predecessor-version":[{"id":764313,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/764269\/revisions\/764313"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/753407"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=764269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=764269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=764269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}