1. South Africa broke free of a recession in the third quarter, with the economy growing by 2.2%. This was thanks to manufacturing output, which jumped 7.5%, and agriculture (+6.5%).
Stats SA: we are out of a recession!Eskom: hold my beer...— Craig Gradidge (@gradidgec) December 4, 2018
2. Slight problem though: Loadshedding could threaten fourth-quarter growth. More outages are planned for today.
#POWERALERT 2Eskom stops loadshedding for today, but the risk of Stage 2 rotational loadshedding remains high for tomorrow @CityPowerJhb @City_Ekurhuleni @CityTshwane @SABCNewsOnline @ewnupdates @IOL @News24 @BDliveSA @SowetoL @eThekwiniM @CityofChoice_1 @CityofCT pic.twitter.com/3g8BoJkkVR— Eskom Hld SOC Ltd (@Eskom_SA) December 4, 2018
3. The rand rallied on the back of the strong GDP number.
But US president Donald Trump put that to a stop. Late yesterday, Wall Street plummeted after optimism faded about an agreement between China and the US on their trade conflict.
Trump named a hardliner on China as the person to lead the negotiations, and then tweeted a threat to China:
....I am a Tariff Man. When people or countries come in to raid the great wealth of our Nation, I want them to pay for the privilege of doing so. It will always be the best way to max out our economic power. We are right now taking in $billions in Tariffs. MAKE AMERICA RICH AGAIN— Donald J. Trump (@realDonaldTrump) December 4, 2018
The rand was last at R13.85/$ as investors fled risky assets amid the uncertainty.
4. The new national director of public prosecutions is advocate Shamila Batohi. She was previously a legal advisor to the prosecutor of the International Criminal Court. Batohi is also known for leading the prosecution of disgraced Proteas cricket captain Hansie Cronje at the King commission of inquiry.
5. Parliament adopted a report recommending that the Constitution is amended to allow expropriation without compensation yesterday - 209 votes to 91. The DA vowed to go to court to fight this decision.
Reporting by Kif Leswing
If you're looking for apps for your iPhone, Apple's year-end awards are a good place to start.
Apple revealed its top apps of the year on Tuesday, including hand-picked suggestions for iPhone app of the year and iPhone game of the year.
Apple also revealed year-end charts for the most downloaded apps on iPhones and iPads. The most-downloaded app of 2018 was YouTube, an Google-owned app. In second place is Facebook's Instagram, and behind it is Snapchat.
Here are the top iPhone and iPad apps of the year:
Check out Procreate Pocket on the App Store.
Check out Donut County on the App Store.
Check out Froggipedia on the App Store.
Check out Gorogoa in the App Store.
Also from Business Insider South Africa: