{"id":869317,"date":"2026-08-07T07:18:02","date_gmt":"2026-08-07T05:18:02","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=869317"},"modified":"2026-08-07T07:18:02","modified_gmt":"2026-08-07T05:18:02","slug":"the-mafia-taking-hold-in-south-africa-and-dawie-roodt-warns-south-africa-has-dug-itself-a-deep-hole","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/5-things\/869317\/the-mafia-taking-hold-in-south-africa-and-dawie-roodt-warns-south-africa-has-dug-itself-a-deep-hole\/","title":{"rendered":"The mafia taking hold in South Africa, and Dawie Roodt warns South Africa has dug itself a deep hole"},"content":{"rendered":"\n

The rand was steady on Thursday, thanks to a softer dollar and lower oil prices, as markets wait for a peace deal in the Middle East.<\/p>\n\n\n\n

The rand was trading at 16.34 to the dollar, showing very little change since its previous close.<\/p>\n\n\n\n

The dollar was steady against several other currencies, but was still struggling after hitting a six-week low on Monday.<\/p>\n\n\n\n

Oil prices were trending downwards as markets were hopeful about a peace deal between Iran and the U.S.<\/p>\n\n\n\n

Iran and Oman have reached an understanding on the geographic coordinates of shipping routes through the Strait of Hormuz and are finalising a joint announcement.<\/p>\n\n\n\n

The rand, like many other emerging market currencies, has been at the mercy of geopolitical events, with the war in Iran having a clear impact.<\/p>\n\n\n\n

South Africa’s benchmark 2035 government bond was slightly firmer on Thursday, with the yield falling by 2.5 basis points to 8.285%.<\/p>\n\n\n\n

On Friday, 07 August, 2026, the rand was trading at R16.36 to the dollar, R22.01 to the pound, and R18.86 to the euro. Gold is trading at $4,266.10 an ounce, while oil prices were at $83.90 a barrel. [Reuters<\/a>]<\/p>\n\n\n\n

5 important things<\/h2>\n\n\n\n
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Dawie Roodt shares concerning information about South Africa\u2019s debt:<\/strong> South Africa\u2019s consolidated public sector debt is R10.94 trillion or 143.1% of GDP, making it among the largest debt burdens of any emerging market. [DailyInvestor<\/a>]<\/p>\n\n\n\n

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A new mafia is growing across South Africa:<\/strong> South Africa has seen the rapid growth of water tanker mafias across the country, which actively ensure municipal water systems remain broken. [Newsday<\/a>]<\/p>\n\n\n\n

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Top international tech company opens its first experience store in a luxury shopping mall in South Africa: <\/strong>Chinese TV giant TCL has opened its first experience store in South Africa, located at the Cedar Square shopping centre in Fourways, Johannesburg. [MyBroadband<\/a>]<\/p>\n\n\n\n

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New laws for Airbnbs and other short-term rentals in Cape Town: <\/strong>The City of Cape Town has published a new draft Short-Term Letting By-Law for public comment, which will introduce a new registration system for Airbnbs and other short-term rentals in the city. [BusinessTech<\/a>]<\/p>\n\n\n\n

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Impeachment Committee not ruling out visiting President Ramaphosa’s Phala Phala farm:<\/strong> The impeachment committee investigating Cyril Ramaphosa’s alleged misconduct are considering visiting the farm as part of its investigations. [EWN<\/a>]<\/p>\n\n\n\n

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

Here are 5 important things happening in and affecting South Africa on Friday, 7 August 2026.<\/p>\n","protected":false},"author":131,"featured_media":857417,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"posted","_sma_x_autopost_error":"","_sma_x_post_id":"2085596499749093491","_sma_facebook_post_id":"191437357620492_2169118310575235","_sma_instagram_post_id":"17984584503018572","_sma_x_attempts":1,"footnotes":""},"categories":[20398],"tags":[16632,2279,1459,4604],"class_list":["post-869317","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-5-things","tag-5-things","tag-cape-town","tag-dawie-roodt","tag-tcl"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/869317","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=869317"}],"version-history":[{"count":7,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/869317\/revisions"}],"predecessor-version":[{"id":869325,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/869317\/revisions\/869325"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/857417"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=869317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=869317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=869317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}