{"id":875430,"date":"2026-09-15T07:33:27","date_gmt":"2026-09-15T05:33:27","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=875430"},"modified":"2026-09-15T07:33:41","modified_gmt":"2026-09-15T05:33:41","slug":"sun-city-owner-forces-company-to-change-its-name-and-60-schools-shut-down-for-good-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/5-things\/875430\/sun-city-owner-forces-company-to-change-its-name-and-60-schools-shut-down-for-good-in-south-africa\/","title":{"rendered":"Sun City owner forces company to change its name, and 60 schools shut down for good in South Africa"},"content":{"rendered":"\n<p>The South African rand weakened on Monday as renewed supply disruptions in the Middle East pushed oil prices higher, increasing pressure on the currency.<\/p>\n\n\n\n<p>Investors are also looking ahead to the US Federal Reserve&#8217;s policy meeting later this week for insights on the interest rate outlook.&nbsp;<\/p>\n\n\n\n<p>The rand was trading at 16.3175 against the dollar, down roughly 1.1% from its previous close.&nbsp;<\/p>\n\n\n\n<p>Oil prices surged more than 3% on Monday following new strikes on Saudi Arabian energy infrastructure and attacks on ships in the region, which heightened supply concerns.&nbsp;<\/p>\n\n\n\n<p>This situation has negatively impacted the South African currency, as the country is a net importer of oil and therefore susceptible to rising crude prices.<\/p>\n\n\n\n<p>Investors are closely monitoring Wednesday&#8217;s Federal Reserve decision for indications regarding the interest rate outlook and whether the pressure on the rand may escalate.&nbsp;<\/p>\n\n\n\n<p>&#8220;The more critical signal on Wednesday won&#8217;t just be the likelihood of a 25 basis point hike; it will be the guidance that follows,\u201d said ETM Analytics.<\/p>\n\n\n\n<p>\u201cChair Kevin Warsh needs to convince the markets that the Fed remains committed to fighting inflation, even as oil prices increase.&#8221;&nbsp;<\/p>\n\n\n\n<p>On the Johannesburg Stock Exchange, the Top-40 index was last down 1.3%. South Africa&#8217;s benchmark 2035 government bond also weakened, with the yield rising by 6.5 basis points to 8.8%.<\/p>\n\n\n\n<p>On Tuesday, 15 September 2026, the rand was trading at R16.30 to the dollar, R21.98 to the pound, and R18.80 to the euro. Gold is trading at $4,300.38, while oil prices were at $107.5 a barrel.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">5 important things happening in South Africa today<\/h2>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/09\/Untitled-design-2026-09-14T122914.966.webp\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/09\/Untitled-design-2026-09-14T122914.966-1024x576.webp\" alt=\"\" class=\"wp-image-875439\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/09\/Untitled-design-2026-09-14T122914.966-1024x576.webp 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/09\/Untitled-design-2026-09-14T122914.966-300x169.webp 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/09\/Untitled-design-2026-09-14T122914.966-768x432.webp 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/09\/Untitled-design-2026-09-14T122914.966-1536x864.webp 1536w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2026\/09\/Untitled-design-2026-09-14T122914.966.webp 1600w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<p><strong> Company forced to change its name:\u00a0<\/strong>Sun International has won an order requiring Times Square Hotel to change its name due to confusion with Sun&#8217;s Time Square trademark, according to the Companies Tribunal. [<strong><a href=\"https:\/\/www.businessday.co.za\/companies\/2026-09-15-sun-international-wins-order-in-time-square-hotel-name-case\/\" target=\"_blank\" rel=\"noreferrer noopener\">Business Day<\/a><\/strong>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>60 schools shut down:\u00a0<\/strong>More than 60 illegally operating schools have been shut down in Gauteng since January as the provincial education department steps up efforts to protect learners from unregistered schools. [<strong><a href=\"https:\/\/dailyinvestor.com\/south-africa\/154960\/60-schools-shut-down-for-good-in-south-africas-richest-province\/\" target=\"_blank\" rel=\"noreferrer noopener\">Daily Investor<\/a><\/strong>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Uber is illegal:\u00a0<\/strong>South Africa\u2019s largest e-hailing operator, Uber, has been operating locally without a legally required registration certificate for nearly six months. The country\u2019s ride-hailing sector operated in a legal grey area for over a decade until the National Land Transport Amendment Act (NLTA) took effect on 12 September 2025. [<strong><a href=\"https:\/\/mybroadband.co.za\/news\/motoring\/666755-uber-is-illegal-in-south-africa.html\" target=\"_blank\" rel=\"noreferrer noopener\">Mybroadband<\/a><\/strong>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Changes to medical aid on the cards:\u00a0<\/strong>The Council for Medical Schemes (CMS) has begun its critical review of Prescribed Minimum Benefits (PMBs) for medical aids in South Africa, aiming to transform them into a new Primary Healthcare (PHC) package. [<strong><a href=\"https:\/\/businesstech.co.za\/news\/lifestyle\/875315\/r1600-per-member-pain-for-medical-aids-in-south-africa-is-changing\/\" target=\"_blank\" rel=\"noreferrer noopener\">BusinessTech<\/a><\/strong>]<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Ford sends a warning to the government:<\/strong>\u00a0Ford Africa&#8217;s Neale Hill has warned that local manufacturers need fair policies to compete with importers. He advocates for support programmes that protect local investments and promote job creation. [<strong><a href=\"https:\/\/www.engineeringnews.co.za\/article\/ford-south-africa-calls-for-level-playing-field-against-importers-2026-09-14\" target=\"_blank\" rel=\"noreferrer noopener\">Engineering News<\/a><\/strong>]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here are five important things happening in and affecting South Africa on Tuesday, 15 September 2026.<\/p>\n","protected":false},"author":92,"featured_media":830278,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"posted","_sma_x_autopost_error":"","_sma_x_post_id":"2099733467864908274","_sma_facebook_post_id":"191437357620492_2205950180225381","_sma_instagram_post_id":"18118131241981893","_sma_x_attempts":1,"footnotes":""},"categories":[20398],"tags":[18993,853],"class_list":["post-875430","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\/875430","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=875430"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/875430\/revisions"}],"predecessor-version":[{"id":875440,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/875430\/revisions\/875440"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/830278"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=875430"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=875430"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=875430"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}