1. Prime Minister Theresa May suffered a record breaking defeat over her Brexit deal in the UK parliament last night. MPs voted 432-202 against the Withdrawal Agreement. Labour party leader Jeremy Corbyn has now tabled a motion of no-confidence in the government, which will be voted on on Wednesday.
The pound initially tanked, but stabilised soon after the vote. The rand was last at R17.69 to the pound.
The rejection adds even greater uncertainty to the UK political landscape, and increases the likelihood of Britain staying in the EU, or a general election, or a no deal Brexit.
2. But South Africa has its owns problems. The latest mining figures were dismal: output plummeted almost 6% in the year to November. This does not augur well for an economic recovery.
3. The next few days will be critical to gauge the state of the economy: most of the big retailers will release their trading updates, which will cover the crucial December shopping season. Today, updates are expected from Truworths and The Foschini Group
4. SAA appointed Vusi Pikoli as Chief Risk and Compliance Officer yesterday. Pikoli is the former National Director of Public Prosecutions at the National Prosecuting Authority, and prosecuted former national police commissioner Jackie Selebi, and former president Jacob Zuma.
5. The petrol price is still on track for a 12c/litre drop in the first week of February, the AA says. The diesel price could fall 36c if rand and oil prices stay stable.
Reporting by Julia Guerra
Alcohol is different than food in that it does eventually go bad just not in the same way. For example, national mixologist for Pernod Ricard, Jane Danger told INSIDER that alcohol above 40% (or 80 proof) won't go bad in a way that will make you sick. It might just be unpalatable.
"Generally [alcohol goes bad depending on] oxidization, in which the flavour changes to being less vibrant in any distilled spirits," the national director of craft spirits education at Palm Bay International, Diana Novak told INSIDER. When sealed, distilled spirits (think brandy, rum, gin, tequila) don't go bad but fortified, wine-based spirits, like vermouth and sherry, "have a much shorter lifespan once opened" and can change in flavour and colour, she said.
Cream-based liqueurs are a different story. Once opened, Novak explained that although generally combined with distilled spirits, cream-based liqueurs significantly change flavour and colour and they've been opened. Additionally, there is potential for separation or curdling. "I would recommend checking them monthly to ensure that the consistency remains the same. Generally ballpark of cream liqueurs that I recommend once opened is around 9 months to 15 months" Novak said.
Then there are sugar-based liqueurs. Novak said these types of spirits can experience the same changes with colouring, flavour, and separation.
For example, vermouth, especially Rosso vermouth, which are pale, dry, and typically bitter, starts to taste like Worcestershire sauce Novak told INSIDER. Sherry, on the other hand, oxidizes when it's gone bad, cream liquors will curdle, and sugar-based liqueurs change colour.
Unlike how you can get food poisoning or feel ill after eating something that has gone bad, alcohol that's gone bad doesn't have the same effect. So even if you can't tell one way or another if a bottle you're pouring from has expired, Novak said worst case scenario you'll experience an intense hangover the next day. Unless you're drinking cream-based liqueur that's curdled; in that case, Novak told INSIDER, you'll probably have a bit of an upset stomach after the fact.
As far as cream-based liqueurs go Novak told INSIDER that when stored properly an 18-month shelf life is as good as it's going to get.
"It's really just important to keep monitoring them on a monthly basis," she said. "My personal rule of thumb is after about eight months open (if it's around that long) I make an effort to monitor or test monthly to ensure it's still consistent."
Sugar-based liqueurs go south even quicker. At the one year mark, Novak said, you should be regularly checking for change as this is when oxidization and separation could start. But with something like sherry, Novak told INSIDER, you'll start to notice a change in flavour after a week of opening. It's not that the alcohol "goes bad," per se. It's more or less that the taste just goes flat.
Keep a close eye on vermouth, too. Novak explained that this kind of spirit, if made well and of higher proof, can sustain its body and flavour for up to three months after it has been opened. But, she said, sweet or dry, her rule of thumb is to regularly check on the bottle after about one and a half months of opening.
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