{"id":856364,"date":"2026-04-09T07:56:13","date_gmt":"2026-04-09T05:56:13","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=856364"},"modified":"2026-04-09T07:56:13","modified_gmt":"2026-04-09T05:56:13","slug":"money-flooding-back-into-south-africa-and-warning-from-dawie-roodt","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/5-things\/856364\/money-flooding-back-into-south-africa-and-warning-from-dawie-roodt\/","title":{"rendered":"Money flooding back into South Africa, and warning from Dawie Roodt"},"content":{"rendered":"\n<p>On Wednesday, the rand, government bonds, and stocks experienced a significant surge, recovering some of the losses incurred since the onset of the Iran war. <\/p>\n\n\n\n<p>This boost came after US President Donald Trump agreed to a two-week ceasefire.<\/p>\n\n\n\n<p>Trump&#8217;s decision was made shortly before a deadline he had imposed for Iran to reopen the Strait of Hormuz, a crucial shipping route responsible for transporting about 20% of the world&#8217;s oil. <\/p>\n\n\n\n<p>If Iran failed to comply, he threatened widespread attacks on its civilian infrastructure.<\/p>\n\n\n\n<p>As a result, the rand rose by 3%, reaching 16.3175 against the dollar, trading at its strongest level in nearly a month. <\/p>\n\n\n\n<p>The currency has shown high sensitivity to fluctuations in global risk sentiment since the conflict began on February 28, which prompted Iranian retaliation and increased volatility across emerging markets.<\/p>\n\n\n\n<p>South Africa&#8217;s benchmark 2035 government bond experienced a remarkable increase, with its yield dropping by 55.5 basis points to 8.545%. <\/p>\n\n\n\n<p>Meanwhile, the Top-40 index on the Johannesburg Stock Exchange rose by 6.2%.<\/p>\n\n\n\n<p>As of Thursday, 9 April, the rand is trading at R16.40 to the dollar, R21.97 to the pound, and R19.13 to the euro. Gold is currently valued at $4,718.26 per ounce, while oil prices have dropped to $96.93 per barrel.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>5 important things happening in South Africa today<\/strong><\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/04\/Untitled-design-51-1024x576.png\" alt=\"\" class=\"wp-image-856371\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/04\/Untitled-design-51-1024x576.png 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/04\/Untitled-design-51-300x169.png 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/04\/Untitled-design-51-768x432.png 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/04\/Untitled-design-51-1536x864.png 1536w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/04\/Untitled-design-51.png 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p><strong>Money flooding into South Africa:<\/strong> The JSE all-share index posted its steepest climb in more than six years as markets breathed a sigh of relief after the US and Iran&#8217;s last-minute two-week ceasefire announced on Wednesday, 8 April. [<a href=\"https:\/\/www.businessday.co.za\/markets\/2026-04-09-iranian-ceasefire-triggers-jse-buying-spree\/\" target=\"_blank\" rel=\"noreferrer noopener\">BusinessDay<\/a>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Warning from Dawie Roodt:&nbsp;<\/strong>Efficient Group chief economist Dawie Roodt warned that the South African government has surpassed the economy&#8217;s tax burden limit, moving too far along the Laffer Curve. As a result, increases in personal income tax (PIT) and corporate income tax (CIT) are expected to reduce revenue rather than increase it. [<a href=\"https:\/\/dailyinvestor.com\/finance\/127926\/dawie-roodt-warns-south-africa-has-passed-its-breaking-point\/\">DailyInvestor<\/a>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Cape Town homeowners advised to look beyond the city&#8217;s relief claims:&nbsp;<\/strong>Cape Town homeowners are advised to assess the city\u2019s claims of reduced municipal rates under the new budget. The city indicated that most households will either pay less or see no change in tariffs, with about 60% of properties benefiting from a revised rates calculation to alleviate the impact of rising property valuations. [<a href=\"https:\/\/www.ewn.co.za\/2026\/04\/09\/cape-town-homeowners-urged-to-look-beyond-city-s-claims-of-municipal-rates-relief\">EWN<\/a>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Standard Bank data breach:<\/strong>\u00a0Standard Bank says it has been impacted by an incident in which personal information of clients was subject to \u201cunauthorised access\u201d on 23 March 2026. The bank said the breach did not affect its banking systems, and external experts are now investigating. [<a href=\"https:\/\/businesstech.co.za\/news\/banking\/856340\/bad-news-for-standard-bank-customers-in-south-africa\/\" target=\"_blank\" rel=\"noreferrer noopener\">BusinessTech<\/a>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Good news for Amazon customers:<\/strong>\u00a0Amazon will not charge a surcharge to South African third-party merchants using its logistics fulfilment service, despite rising fuel prices. However, a 3.5% fuel and logistics surcharge will be applied to sellers in the US and Canada starting April 17, 2026. [<a href=\"https:\/\/mybroadband.co.za\/news\/business\/638560-good-news-about-amazon-delivery-prices-in-south-africa.html\">MyBroadband<\/a>]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here are five important things happening in South Africa on Thursday, 9 April.<\/p>\n","protected":false},"author":127,"featured_media":856374,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20398],"tags":[18993,16632],"class_list":["post-856364","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-5-things","tag-5-important-things-happening-in-south-africa-today","tag-5-things"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/856364","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\/127"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=856364"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/856364\/revisions"}],"predecessor-version":[{"id":856377,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/856364\/revisions\/856377"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/856374"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=856364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=856364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=856364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}