{"id":870052,"date":"2026-08-13T07:22:35","date_gmt":"2026-08-13T05:22:35","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=870052"},"modified":"2026-08-13T07:22:35","modified_gmt":"2026-08-13T05:22:35","slug":"planned-name-change-for-unique-eastern-cape-town-and-shoprite-beats-its-biggest-competitors","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/5-things\/870052\/planned-name-change-for-unique-eastern-cape-town-and-shoprite-beats-its-biggest-competitors\/","title":{"rendered":"Planned name change for unique Eastern Cape Town and Shoprite beats its biggest competitors"},"content":{"rendered":"\n

The rand firmed on Wednesday, coming close to a five-month high as U.S. inflation data slightly weakened the dollar.<\/p>\n\n\n\n

Economists are predicting that the Federal Reserve will keep interest rates unchanged, based on the data.<\/p>\n\n\n\n

The rand was trading at 16.13 to the dollar on Wednesday, approximately 0.3% stronger than its previous close and its strongest since 2 March.<\/p>\n\n\n\n

U.S. consumer inflation increased slightly in July, potentially weakening the argument for interest rate hikes next month.<\/p>\n\n\n\n

The Federal Reserve’s decisions will affect the rand, which, like other risk-sensitive currencies, is influenced by global policy shifts.<\/p>\n\n\n\n

In South Africa, investors are awaiting June’s mining production data, which is due on Thursday, to give clues about the sector.<\/p>\n\n\n\n

South Africa’s benchmark 2035 government bond weakened, with the yield rising by 13 basis points to 8.435%.<\/p>\n\n\n\n

On Thursday, 13 August, 2026, the rand was trading at R16.15 to the dollar, R21.79 to the pound, and R18.61 to the euro. Gold is trading at $4,396.40 an ounce, while oil prices were at $88.75 a barrel. [Reuters<\/a>]<\/p>\n\n\n\n

5 important things<\/h2>\n\n\n\n
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Name change of a unique 168-year-old town in South Africa planned:<\/strong> A political party has opposed the renaming of towns across the Eastern Cape, including Lady Grey, a unique town nestled at the foot of the Witteberg mountains. [Newsday<\/a>]<\/p>\n\n\n\n

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Shoprite opened more stores in one year than Pick n Pay, Spar, and Woolworths combined:<\/strong> Shoprite opened a net 262 new stores in its 2026 financial year, more than Pick n Pay, Woolworths, and Spar combined in their latest financial years. [DailyInvestor<\/a>]<\/p>\n\n\n\n

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Possible forged signature found in probe into appointment of former FPB CEO:<\/strong> Communications Minister Solly Malatsi said a probe into the appointment of the Film and Publication Board\u2019s former CEO, Mashilo Boloka, found a reference that may have contained a forged signature. [MyBroadband<\/a>]<\/p>\n\n\n\n

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NSFAS faces R15bn student-funding gap:<\/strong> NSFAS is facing a shortfall, as the fund cannot afford to assist all qualifying students in South Africa. [ENCA<\/a>]<\/p>\n\n\n\n

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New laws sent to Ramaphosa to sign:<\/strong> New laws have been sent to the president’s desk, intended to change how municipalities and wards are demarcated. [BusinessTech<\/a>]<\/p>\n","protected":false},"excerpt":{"rendered":"

Here are five things happening in and affecting South Africa on Thursday, 13 August, 2026.<\/p>\n","protected":false},"author":131,"featured_media":841709,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"failed","_sma_x_autopost_error":"Instagram publishing failed: Instagram returned HTTP 400: Media ID is not available","_sma_x_post_id":"2087771902395683018","_sma_facebook_post_id":"191437357620492_2174678566685876","_sma_instagram_post_id":"","_sma_x_attempts":1,"footnotes":""},"categories":[20398],"tags":[16632,26152,7520,20317],"class_list":["post-870052","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-5-things","tag-5-things","tag-lady-grey","tag-shoprite","tag-solly-malatsi"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/870052","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=870052"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/870052\/revisions"}],"predecessor-version":[{"id":870055,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/870052\/revisions\/870055"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/841709"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=870052"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=870052"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=870052"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}