{"id":780583,"date":"2024-07-03T07:51:52","date_gmt":"2024-07-03T05:51:52","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=780583"},"modified":"2024-08-19T16:55:00","modified_gmt":"2024-08-19T14:55:00","slug":"5-important-things-happening-in-south-africa-today-1802","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/5-things\/780583\/5-important-things-happening-in-south-africa-today-1802\/","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>Sibanye culls over 11,000 jobs in 18 months:<\/strong> With the mining sector in the country continuing to suffer, Sibanye-Stillwater has cut over 11,000 jobs in 18 months, reducing its South African workforce from 81,500 to just over 70,000, a 14% decrease. Its CEO, Neal Froneman, said that this is part of a restructuring to boost sustainability and profitability.&nbsp;[<a href=\"https:\/\/www.businesslive.co.za\/bd\/companies\/mining\/2024-07-03-sibanye-carves-away-over-11000-jobs-in-18-months\/\">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>Gauteng Cabinet stalemate:<\/strong> South Africa&#8217;s economic powerhouse, Gauteng, is the only province that has not yet formed a government. The negotiations stalemate is between the ANC (28\/80 seats in the legislature) and DA (22\/80 seats), with the DA accusing the ANC of ignoring the proportionality clause in their signed statement of intent. The DA says that the ANC in Gauteng is negotiating &#8220;in bad faith&#8221; as they wanted to keep 8\/11 Gauteng cabinet positions (including the Premier) and give 3\/11 to the DA, despite their vote share not being too far off. [<a href=\"https:\/\/www.news24.com\/news24\/politics\/political-parties\/stalemate-in-gauteng-zille-says-da-wont-be-taken-hostage-in-a-government-20240703\">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><b>National Executive to be sworn in: <\/b>The newly appointed National Executive, which will consist of the new Deputy President, Cabinet Ministers, and Deputy Ministers, will be sworn in today by Chief Justice Raymond Zondo. The 77-person National Executive (excluding Premiers) marks the start of the country&#8217;s 7th democratic administration.\u00a0[<a href=\"https:\/\/www.thepresidency.gov.za\/swearing-ceremony-new-national-executive-0\">Presidency<\/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>eThekwini pays millions for a handful of useless toilets and showers:<\/strong> The City of eThekwini has spent over R9 million on renting a dozen toilets and showers for homeless shelters set up during Covid-19, but many are non-functional. Despite an extension by Safer Cities program head, who was satisfied with the provider Msaly Trading, a 2023 investigation found the facilities in poor condition and recommended disciplinary action against Xaba. Nevertheless, Msaly Trading reports that the City is still paying R250,000 a month. [<a href=\"https:\/\/groundup.org.za\/article\/city-of-ethekwini-pays-millions-for-broken-toilets-and-showers\/\">GroundUp<\/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 extended its losses on Tuesday after a turbulent start to the week as markets waited to see how the new government of national unity (GNU) would approach economic reform following the&nbsp;formation&nbsp;of the cabinet. On Wednesday (3 July), the rand was trading at R18.60 to the dollar, R23.58 to the pound, and R19.84 to the euro. Oil is trading at $86.83 a barrel. [<a href=\"https:\/\/www.reuters.com\/markets\/south-african-rand-extends-losses-focus-unity-governments-reforms-2024-07-02\/\" target=\"_blank\" rel=\"noreferrer noopener\">Reuters<\/a>]<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sibanye culls over 11,000 jobs in 18 months; Gauteng Cabinet talks collapse again; National Executive to be sworn in; and eThekwini pays millions for a handful of useless toilets and showers.<\/p>\n","protected":false},"author":101,"featured_media":775356,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20398],"tags":[18993],"class_list":["post-780583","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\/780583","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=780583"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/780583\/revisions"}],"predecessor-version":[{"id":780594,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/780583\/revisions\/780594"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/775356"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=780583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=780583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=780583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}