{"id":767920,"date":"2024-04-15T07:55:25","date_gmt":"2024-04-15T05:55:25","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=767920"},"modified":"2024-08-19T16:57:44","modified_gmt":"2024-08-19T14:57:44","slug":"5-important-things-happening-in-south-africa-today-1749","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/5-things\/767920\/5-important-things-happening-in-south-africa-today-1749\/","title":{"rendered":"5 important things happening in South Africa today"},"content":{"rendered":"\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Nedbank referred to the SIU:<\/strong>\u00a0Nedbank, which the Airports Company SA has referred to the Special Investigating Unit (SIU), might also be facing legal action from Transnet. This stems from various interest rate swap contracts that were entered into based on the advice from Regiments Capital, a firm linked to the Guptas. Transnet has indicated that should their discussions with Nedbank not yield successful outcomes, they will have no option but to seek legal remedies to recover any money lost through dealings with the bank. [<a href=\"https:\/\/www.news24.com\/fin24\/companies\/state-capture-casts-pall-over-nedbank-as-acsa-refers-it-to-siu-20240412\" 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>SARB defends inflation stance:\u00a0<\/strong>The South African Reserve Bank (SARB) has come out in defence of its inflation stance, saying that trying to reach the 4.5% midpoint of its target is the right thing to do, even as rising oil and food prices threaten to delay relief from interest rates that are hovering at a 15-year high. The governor said that price stability remains the central bank&#8217;s focus, but the government also needs to play its part to foster economic balance and growth. [<a href=\"https:\/\/www.news24.com\/fin24\/economy\/in-the-interest-of-the-poor-sarb-defends-its-inflation-stance-as-the-picture-gets-uglier-20240415\" data-type=\"link\" data-id=\"https:\/\/www.news24.com\/fin24\/economy\/in-the-interest-of-the-poor-sarb-defends-its-inflation-stance-as-the-picture-gets-uglier-20240415\" 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>Joburg anti-corruption unit probed:<\/strong>\u00a0The city\u00a0is set to formally open an investigation into allegations of rogue, clandestine and unlawful conduct by a group of its forensics and investigations services.\u00a0Last year, the National Prosecuting Authority said it believed there was no prospect of success in prosecuting those who set up Joburg City\u2019s anti-corruption unit. [<a href=\"https:\/\/www.enca.com\/videos\/crime-sa-select-committee-probe-joburg-anti-corruption-unit\" data-type=\"link\" data-id=\"https:\/\/www.enca.com\/videos\/crime-sa-select-committee-probe-joburg-anti-corruption-unit\" target=\"_blank\" rel=\"noreferrer noopener\">eNCA<\/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>Dissolved<\/strong> <strong>NSFAS board &#8216;unable to carry out basic duties&#8217;:<\/strong>&nbsp;Blade Nzimande, the Minister of Higher Education, announced that he had no choice but to disband the National Student Financial Aid Scheme (NSFAS) board last week. He said that this decision came after the board did not heed his directive to dismiss service providers lacking competence. Nzimande attributed the widespread delays in disbursing student fees to tertiary institutions directly to this incompetence. [<a href=\"https:\/\/www.businesslive.co.za\/bd\/national\/2024-04-14-nzimande-says-nsfas-board-unable-to-carry-out-basic-duties\/\" 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>Markets:<\/strong>\u00a0The rand weakened on Friday against the U.S. dollar, which hovered\u00a0near a five-month high\u00a0as traders heavily scaled back bets for a slew of U.S. rate cuts this year. On Monday (15 April), the rand was trading at R18.84 to the dollar, R23.53 to the pound, and R20.08 to the euro. Oil is trading at $90.23 a barrel. [<a href=\"https:\/\/www.reuters.com\/markets\/south-african-rand-weakens-against-strong-dollar-2024-04-12\/\" target=\"_blank\" rel=\"noreferrer noopener\">Reuters<\/a>]<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nedbank referred to the SIU; SARB defended its inflation stance; Joburg anti-corruption unit probed; and dissolved NSFAS board &#8216;unable to carry out basic duties.&#8217;<\/p>\n","protected":false},"author":101,"featured_media":733033,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20398],"tags":[18993],"class_list":["post-767920","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\/767920","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=767920"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/767920\/revisions"}],"predecessor-version":[{"id":767930,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/767920\/revisions\/767930"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/733033"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=767920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=767920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=767920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}