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Big interest rate change:<\/strong>\u00a0The South African Reserve Bank (SARB) noted that over 135,000 retail mortgage contracts will need renegotiation as the Johannesburg Interbank Average Rate (Jibar) is phased out by the end of 2026. Most of these mortgages, linked to Jibar, have been issued by SA Home Loans to its clients and those of Capitec, Discovery Bank, and Old Mutual.\u00a0[News24<\/strong><\/a>]<\/p>\n\n\n\n Another R311 million down the drain:<\/strong>\u00a0Three years ago, it was reported that R275 million had been spent on a taxi rank in Limpopo, which had never opened. Construction started in 2011 on the Thohoyandou taxi rank. The bill now stands at R311 million. It has still not opened. [Newsday<\/strong><\/a>]<\/p>\n\n\n\n Truecaller still in hot water:<\/strong>\u00a0Truecaller is under investigation by South Africa\u2019s Information Regulator. In June 2025, some companies and individuals pressed the regulator to address concerns about the platform damaging reputations with spam labels and charging fees for whitelisting. [MyBroadband<\/a><\/strong>]<\/p>\n\n\n\n Major employer in trouble:<\/strong>\u00a0South African vehicle and component manufacturers are not growing and are losing jobs. They emphasised that by 2026, there needs to be a clear vehicle policy, marking an end to what some describe as the government\u2019s \u201claissez-faire\u201d approach to the turmoil currently facing the motor industry. [Business Day<\/a><\/strong>]<\/p>\n\n\n\n 8-year driving licence coming<\/strong>: South Africa is \u201cdefinitely\u201d getting an extension on its driver\u2019s licence validity period from five to eight years. This was stated by Director-General Mathabatha Mokonyana, who informed the Parliament\u2019s Select Committee on Public Infrastructure and the Minister in the Presidency that a decision had been made. [TopAuto<\/a><\/strong>]<\/p>\n","protected":false},"excerpt":{"rendered":" Here are 5 important things happening in South Africa today, Monday, 8 December 2025.<\/p>\n","protected":false},"author":92,"featured_media":830483,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20398],"tags":[18993,853],"class_list":["post-845743","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-5-things","tag-5-important-things-happening-in-south-africa-today","tag-south-africa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/845743","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\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=845743"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/845743\/revisions"}],"predecessor-version":[{"id":845747,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/845743\/revisions\/845747"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/830483"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=845743"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=845743"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=845743"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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