{"id":866324,"date":"2026-07-15T07:16:19","date_gmt":"2026-07-15T05:16:19","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=866324"},"modified":"2026-07-15T07:16:19","modified_gmt":"2026-07-15T05:16:19","slug":"r42-billion-sale-of-coca-cola-in-south-africa-gets-green-light-and-explosive-allegations-about-eskom-and-ramaphosa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/5-things\/866324\/r42-billion-sale-of-coca-cola-in-south-africa-gets-green-light-and-explosive-allegations-about-eskom-and-ramaphosa\/","title":{"rendered":"R42 billion sale of Coca-Cola in South Africa gets green light, and explosive allegations about Eskom and Ramaphosa"},"content":{"rendered":"\n

The South African rand appreciated on Tuesday against a weaker dollar after US consumer inflation eased more than expected in June, eliminating the likelihood of a Federal Reserve interest rate increase this year.<\/p>\n\n\n\n

The rand was trading at 16.3725 against the dollar, which is approximately a 0.6% increase from its previous close.<\/p>\n\n\n\n

The US dollar weakened by about 0.5% compared to a basket of currencies after data from the US Labour Department revealed that consumer prices rose by 3.5% in the 12 months ending in June, down from 4.2% in May.<\/p>\n\n\n\n

Like many other risk-sensitive currencies, the rand often responds to global factors, such as U.S. policies, as well as domestic economic data.<\/p>\n\n\n\n

In May, South Africa’s mining output fell by 5.4% year-on-year, a stark contrast to the 8% increase recorded in April, according to Statistics South Africa.<\/p>\n\n\n\n

On the Johannesburg Stock Exchange, the Top-40 index gained approximately 0.2%. South Africa’s benchmark 2035 government bond declined, with its yield rising 7.5 basis points to 8.42%.<\/p>\n\n\n\n

On Wednesday, 15 July 2026, the rand was trading at R16.35 to the dollar, R21.92 to the pound, and R18.70 to the euro. Gold is trading at $4,026.89 an ounce, while oil prices were at $85.63 a barrel.<\/p>\n\n\n\n

5 important things happening today<\/h2>\n\n\n\n
\"\"<\/a><\/figure>\n\n\n\n

Sale of Coca-Cola in South Africa gets the green light:<\/strong>\u00a0Coca-Cola Hellenic Bottling Company (HBC), listed in London, is set for a secondary listing on the JSE after South Africa’s Competition Commission recommended its $2.6 billion (R42 billion) acquisition of Coca-Cola Beverages Africa (CCBA). The commission will advocate for the deal’s approval by the Competition Tribunal, conditional on HBC’s decision to list in Johannesburg. [Business Day<\/a>]<\/p>\n\n\n\n

\n\n\n\n

New streaming service launched:<\/strong>\u00a0Former Eskom chairman, Professor William Makgoba, shared explosive allegations about political interference during former Minister Pravin Gordhan\u2019s tenure. [Newsday<\/a>]<\/p>\n\n\n\n

\n\n\n\n

Top CEO leaves for Australia:<\/strong>\u00a0Lance Foxcroft, CEO of Ceramic, a subsidiary of Italtile, will take early retirement to move to Australia to join his family. [Daily Investor<\/a>]<\/p>\n\n\n\n

\n\n\n\n

Another product pulled from shelves:<\/strong>\u00a0South Africa\u2019s eviction laws are undergoing a major change with the introduction of the Prevention of Illegal Eviction from and Unlawful Occupation of Land Act (PIE). [BusinessTech<\/a>]<\/p>\n\n\n\n

\n\n\n\n

Change coming for security guards scanning people\u2019s driving licences:<\/strong>\u00a0Many access control workers in South Africa lack proper training to handle visitors’ personal information at gates. Governance structures, like owners and bodies corporate, face legal risks for non-compliance, not the guards. The Information Regulator published a draft Code of Conduct in April outlining owners’ responsibilities for data processing at gated accesses. [MyBroadband<\/a>]<\/p>\n","protected":false},"excerpt":{"rendered":"

Here are five important things happening in and affecting South Africa on Wednesday, 15 July.<\/p>\n","protected":false},"author":92,"featured_media":840460,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"posted","_sma_x_autopost_error":"","_sma_x_post_id":"2077261141147889996","_sma_x_attempts":1,"footnotes":""},"categories":[20398],"tags":[18993,853],"class_list":["post-866324","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\/866324","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=866324"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/866324\/revisions"}],"predecessor-version":[{"id":866326,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/866324\/revisions\/866326"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/840460"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=866324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=866324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=866324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}