{"id":867474,"date":"2026-07-27T07:25:17","date_gmt":"2026-07-27T05:25:17","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=867474"},"modified":"2026-07-27T07:25:17","modified_gmt":"2026-07-27T05:25:17","slug":"south-africas-largest-pension-fund-manager-in-crisis-and-concerns-about-starlink-rival-launching-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/5-things\/867474\/south-africas-largest-pension-fund-manager-in-crisis-and-concerns-about-starlink-rival-launching-in-south-africa\/","title":{"rendered":"South Africa&#8217;s largest pension fund manager in crisis, and concerns about Starlink rival launching in South Africa"},"content":{"rendered":"\n<p>The rand continued to lose value on Friday, 24 July, dropping close to the 17-per-dollar level for the first time since April.<\/p>\n\n\n\n<p>The change came after the Reserve Bank&#8217;s unexpected decision to hold interest rates, after many experts expected a hike.<\/p>\n\n\n\n<p>The rand traded at 16.84 against the dollar on Friday, roughly 0.1% down from its previous close.<\/p>\n\n\n\n<p>Rand Swiss market analyst, Shaun Murison, said, \u201cThe rand is being hit from all angles at the moment, unfortunately.\u201d<\/p>\n\n\n\n<p>He said the rand was also struggling due to broader risk-aversion moods stemming from the conflict in the Middle East.<\/p>\n\n\n\n<p>He said the new tariffs against South Africa were another concern for the country, after the U.S. imposed new tariffs on 60 trading partners, including South Africa.<\/p>\n\n\n\n<p>South Africa\u2019s benchmark 2035 government bond strengthened on Friday, with the yield falling 10.5 basis points to 8.74%.<\/p>\n\n\n\n<p>ETM Analytics said, \u201cThe future remains uncertain, but the market reaction suggests that policy credibility, real-rate compensation and structural reform must remain mutually reinforcing if rand volatility is to be contained.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">5 important things happening today<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/07\/Post-office.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/07\/Post-office-1024x576.jpg\" alt=\"\" class=\"wp-image-867479\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/07\/Post-office-1024x576.jpg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/07\/Post-office-300x169.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/07\/Post-office-768x432.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/07\/Post-office-1536x864.jpg 1536w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/07\/Post-office.jpg 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p><strong>Crisis at South Africa\u2019s largest pension fund manager:<\/strong> Finance Minister Enoch Godongwana said on Friday he would appoint a new board for the Public Investment Corporation after a series of board resignations. [<a href=\"https:\/\/newsday.co.za\/south-africa\/23659\/crisis-at-south-africas-largest-pension-fund-manager\/\">Newsday<\/a>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Concerns about Starlink rival launching in South Africa:<\/strong> Top financial analysts in South Africa have questioned Amazon Leo\u2019s capacity to launch its services to local customers compared to its larger rival, SpaceX and Starlink. [<a href=\"https:\/\/mybroadband.co.za\/news\/broadband\/659448-concerns-about-starlink-rival-launching-in-south-africa.html\">MyBroadband<\/a>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>South Africa\u2019s oldest company is disappearing in front of everyone\u2019s eyes:<\/strong> The South African Post Office is disappearing from the lives of people across the country as it closes branches and fails to provide basic services. [<a href=\"https:\/\/dailyinvestor.com\/south-africa\/144964\/south-africas-oldest-company-is-disappearing-in-front-of-everyones-eyes\/\">DailyInvestor<\/a>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>The most dangerous time of day to be on South Africa\u2019s roads:<\/strong> New data shows that 03h00 is the most dangerous time to be on South Africa\u2019s roads, with drivers facing almost double the risk of being involved in a collision compared to travelling during the day. [<a href=\"https:\/\/businesstech.co.za\/news\/motoring\/867098\/the-most-dangerous-time-of-day-to-be-on-south-africas-roads\/\">BusinessTech<\/a>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Embattled IDAC head Andrea Johnson seeks immediate release from office:<\/strong> The head of the Investigating Directorate Against Corruption has asked to be immediately released from her position, following her testimony at the Madlanga Commission. [<a href=\"https:\/\/www.businessday.co.za\/news\/2026-07-26-embattled-idac-head-andrea-johnson-seeks-immediate-release-from-office\/\">BusinessDay<\/a>]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here are 5 important things happening in or affecting South Africa on Monday, 27 July 2026.<\/p>\n","protected":false},"author":131,"featured_media":867478,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"posted","_sma_x_autopost_error":"","_sma_x_post_id":"2081612057367982577","_sma_x_attempts":1,"footnotes":""},"categories":[20398],"tags":[16632,17448,18568],"class_list":["post-867474","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-5-things","tag-5-things","tag-enoch-godongwana","tag-starlink"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/867474","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\/131"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=867474"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/867474\/revisions"}],"predecessor-version":[{"id":867482,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/867474\/revisions\/867482"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/867478"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=867474"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=867474"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=867474"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}