{"id":848434,"date":"2026-01-21T08:18:55","date_gmt":"2026-01-21T06:18:55","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=848434"},"modified":"2026-01-21T08:18:55","modified_gmt":"2026-01-21T06:18:55","slug":"lifetime-driving-licence-ban-proposed-and-r179-million-payday-for-one-lucky-south-african","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/5-things\/848434\/lifetime-driving-licence-ban-proposed-and-r179-million-payday-for-one-lucky-south-african\/","title":{"rendered":"Lifetime driving licence ban proposed, and R179 million payday for one lucky South African"},"content":{"rendered":"\n

The rand weakened for most of Tuesday’s session as risk appetite diminished amid rising geopolitical tensions. Traders were also reacting to domestic mining data that came in below expectations.<\/p>\n\n\n\n

The rand was trading at 16.4075 against the dollar, a decline of approximately 0.2% compared to Monday’s close.\u00a0<\/p>\n\n\n\n

Geopolitical tensions have escalated, particularly following US President Donald Trump’s threats to impose additional tariffs on European allies, which negatively impacted global sentiment and triggered a flight to safe-haven assets.<\/p>\n\n\n\n

Gold, typically viewed as a safe investment during unstable times, exceeded $4,700 per ounce for the first time on Tuesday, while silver prices approached a record high. <\/p>\n\n\n\n

Like other risk-sensitive currencies, the rand often responds to global factors, including US policy, in addition to domestic economic data.<\/p>\n\n\n\n

According to Statistics South Africa, South Africa’s mining output fell by 2.7% year-on-year in November, in stark contrast to a revised increase of 6.1% in October. Economists had predicted a production increase of 3.9%.\u00a0<\/p>\n\n\n\n

Economists reported that “weather-related factors, ageing mines, logistical challenges, and elevated operational costs remain key challenges for domestic mining operations.”<\/p>\n\n\n\n

On the Johannesburg Stock Exchange, the Top-40 index was last reported up by 0.4%.<\/p>\n\n\n\n

On Wednesday, 21 January, the rand is trading at R16.39 to the dollar, R22.02 to the pound, and R19.21 to the euro. Gold is trading slightly lower at $4,867.98 per ounce, while oil is up to $64.17 a barrel.<\/p>\n\n\n\n

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5 important things happening in South Africa today<\/h2>\n\n\n\n
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Driving licence ban: <\/strong>The Parliamentary Portfolio Committee on Transport supports a zero-tolerance approach to drinking and driving in South Africa and has advocated for stronger penalties, including a lifetime ban on driving licenses for offenders. [MyBroadband<\/a>]<\/p>\n\n\n\n

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Massive PowerBall win: <\/strong>A lucky PowerBall player is waking up R178.95 million richer after taking a chance at Tuesday night\u2019s PowerBall. This was the second-highest-ever recorded jackpot in Ithuba\u2019s history. [The Citizen<\/a>]<\/p>\n\n\n\n

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Future of NHI back on the table:<\/strong> Health Minister Aaron Motsoaledi has agreed to meet with the South African Medical Association (SAMA) to discuss the future of National Health Insurance (NHI) after Finance Minister Enoch Godongwana urged parties involved in litigation over the NHI Act to negotiate a settlement. [Business Day<\/a>]<\/p>\n\n\n\n

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Good news for interest rates: <\/strong>South Africa’s central bank governor Lesetja Kganyago stated that inflation is set to reach the bank’s 3% target by 2026, with stable prices. He noted that there will likely be two more 25-basis-point rate cuts this year. [Engineering News<\/a>]<\/p>\n\n\n\n

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Eskom major line fault: <\/strong>Eskom has stated that there is no risk of rolling blackouts following a line fault at the Koeberg nuclear station, which was reduced by almost 90% due to an issue on Tuesday afternoon. The power utility reassured the public that there is no cause for alarm, as this situation has not affected the stability of the national grid. [eNCA<\/a>]<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Here are five important things happening in South Africa on Wednesday, 21 January 2026.<\/p>\n","protected":false},"author":92,"featured_media":848442,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20398],"tags":[18993,853],"class_list":["post-848434","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\/848434","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=848434"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/848434\/revisions"}],"predecessor-version":[{"id":848443,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/848434\/revisions\/848443"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/848442"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=848434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=848434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=848434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}