![\"\"](\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/05\/WeBuyCars-1.jpg\")
<\/a><\/figure>\n\n\n\nGovernment losing control:\u00a0The National Treasury\u2019s draft Capital Flow Management Regulations proposes that South African<\/span> residents must sell their gold, foreign currency, or crypto assets to the National Treasury if they exceed a specific threshold. Renowned economist Dawie Roodt argued that the true reason for the government\u2019s new regulations and crackdown on cryptocurrencies is that it is losing control. [MyBroadband<\/a>]<\/p>\n\n\n\n WeBuyCars loses R7 billion:\u00a0<\/strong>WeBuyCars, one of South Africa\u2019s largest used-vehicle trading platforms, has lost 31% of its value over the last four months on the back of increased competition from cheap Chinese cars and poor results. [TopAuto<\/a>]<\/p>\n\n\n\n FlySafair responds to allegations:<\/strong>\u00a0The National Consumer Commission has referred South African airline FlySafair to the National Consumer Tribunal for overbooking flights. FlySafair said it has cooperated with the NCC\u2019s investigation fully, and the issue boils down to a difference in legal interpretation of the laws. [BusinessTech<\/a>]<\/p>\n\n\n\n South Africa officially has an ambassador in the US:<\/strong>\u00a0South Africa’s Roelf Meyer has presented his credentials to President Donald Trump in Washington DC. Meyer is now accredited as South Africa’s ambassador to the US. He said he was warmly welcomed. [eNCA<\/a>]<\/p>\n\n\n\n Allan Gray has a lot to say about Cell C:<\/strong>\u00a0Speaking at Allan Gray\u2019s The Times roadshow, Allan Gray\u2019s Sean Munsie\u00a0explained why the asset manager is one of the largest investors in Cell C, when other market participants appear to be running the other way. Munsie believes Cell C provides a strong investment opportunity, with the telecoms provider reinventing itself over the past decade. [Daily Investor<\/a>]<\/p>\n","protected":false},"excerpt":{"rendered":" Here are five important things happening in and affecting South Africa on Friday, 22 May 2026.<\/p>\n","protected":false},"author":92,"featured_media":861156,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20398],"tags":[18993,853],"class_list":["post-861153","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\/861153","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=861153"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/861153\/revisions"}],"predecessor-version":[{"id":861157,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/861153\/revisions\/861157"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/861156"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=861153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=861153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=861153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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