{"id":778936,"date":"2024-06-26T07:57:00","date_gmt":"2024-06-26T05:57:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=778936"},"modified":"2024-08-19T16:55:17","modified_gmt":"2024-08-19T14:55:17","slug":"5-important-things-happening-in-south-africa-today-1797","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/5-things\/778936\/5-important-things-happening-in-south-africa-today-1797\/","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>JSE says listings pipeline the best it&#8217;s been in 5 years:<\/strong>\u00a0This year, two companies have joined the stock exchange, with more expected soon, with the Johannesburg Stock Exchange saying that this marks its most vibrant listings pipeline in five years. Valdene Reddy, the JSE\u2019s capital markets director, anticipates additional listings, including &#8220;a combination of IPOs (initial public offerings)&#8221; and &#8220;unbundling or corporate actions&#8221;. [<a href=\"https:\/\/www.news24.com\/fin24\/markets\/listings-pipeline-the-best-its-been-in-5-years-says-jse-20240626\">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>Operation Vulindlela eyes local government:<\/strong>\u00a0Speaking about what the unit&#8217;s priorities for the seventh administration should be, Operation Vulindlela hinted that it might prioritise local government reform to boost South Africa&#8217;s economic growth. The unit said that it is important to address local government, given its large role in obstructing investment by failing to deliver services and process approvals. The initiative, aimed at foundational fixes, could also tackle reforms for more dynamic cities to address apartheid-era spatial inequalities. [<a href=\"https:\/\/www.businesslive.co.za\/bd\/economy\/2024-06-26-operation-vulindlela-looks-to-fix-local-government-in-second-phase\/\" 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>BHI Trust investors served with letters of demand: <\/strong>Investors who profited from BHI Trust before its sequestration must repay their gains, following demands issued eight months after founder Craig Warriner&#8217;s arrest for running a Ponzi scheme. Roughly 2,000 investors lost R3 billion in total. Warriner, 60, was sentenced to 25 years for fraud and barred from the financial sector for 30 years after an investigation by the Financial Sector Conduct Authority (FSCA) into his activities.<strong>&nbsp;<\/strong> [<a href=\"https:\/\/www.citizen.co.za\/business\/investors-bhi-trust-must-pay-back-profit\/\" target=\"_blank\" rel=\"noreferrer noopener\">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>Nedbank adds R3.5bn to Cape Town\u2019s infrastructure pool:<\/strong> The City of Cape Town has secured R3.5 billion&nbsp;in funding from Nedbank for a three-year infrastructure project, as announced by city officials. Approved on 12 June, this funding initiative is part of an effort that sees Cape Town committing R39.5 billion towards infrastructure development through June 2027, representing South Africa&#8217;s largest metropolitan investment in such projects. According to Mayor Geordin Hill-Lewis, this investment is expected to generate 120,000 construction-related jobs.&nbsp;[<a href=\"https:\/\/www.moneyweb.co.za\/news\/south-africa\/nedbank-adds-r3-5bn-to-cape-towns-infrastructure-pool\/\" target=\"_blank\" rel=\"noreferrer noopener\">Moneyweb<\/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 clawed back some losses in early trade on Tuesday, as local media reported progress in negotiations over cabinet positions between the two biggest parties in the unity government. On Wednesday (26 June), the rand was trading at R18.23 to the dollar, R23.09 to the pound, and R19.49 to the euro. Oil is trading at $85.34 a barrel. [<a href=\"https:\/\/www.reuters.com\/markets\/currencies\/\" target=\"_blank\" rel=\"noreferrer noopener\">Reuters<\/a>]<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>JSE says listing pipeline the best its been in 5 years; Operation Vulindlela eyes local government; BHI Trust investors served with letters of demand; and Nedbank adds R3.5 billion to Cape Town&#8217;s infrastructure pool.<\/p>\n","protected":false},"author":101,"featured_media":641395,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20398],"tags":[18993],"class_list":["post-778936","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\/778936","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=778936"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/778936\/revisions"}],"predecessor-version":[{"id":778953,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/778936\/revisions\/778953"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/641395"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=778936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=778936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=778936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}