5 things you need to know in SA business today and 13 terms you should know when ordering a cocktail
1. Ratings agency Moody's finally broke its silence yesterday, releasing a credit opinion on South Africa. It confirmed that it kept South Africa at investment grade – saying that our finances are in line with other countries with the same Baa3 rating.
“South Africa’s credit profile is supported by a diversified economy, a sound macroeconomic policy framework and a deep pool of domestic investors thanks to a well-developed financial sector and markets.”
But Moody’s warned that Eskom remains a problem, saying that government's recent cash injection and the spike in electricity tariffs may prove "insufficient to address the company's long-standing financial troubles".
2. The strike at SARS has ended after workers accepted an offer from SARS for an 8% increase in 2019 and CPI plus 2% in the following two years. Nehawu wanted a raise of more than 11%.
3. The CEO of South African Tourism, Sisa Ntshona, has been suspended as the body investigates anonymous allegations received against him. Ntshona told Fin24 that he was surprised by the move, and still did not know what the allegations are.
4. Pressure is growing on ANC secretary general Ace Magashule, following a Netwerk24 report that the Zondo commission into state capture has been given information relating to R80m in cash that was allegedly found in the boot of a car belonging to his close (now deceased) associate, Sandile Msibi.
Also, a senior ANC source told News24 that Magashule had no right to issue a statement on behalf of the party attacking the explosive book tying him to corruption in the Free State.
Meanwhile, Finance Minister Tito Mboweni has entered the fray:
I must say that from a conceptual and intellectual viewpoint, I find books which force me to agree with the author’s conclusions a priori very disappointing. Tell the story and let me conclude in my own understanding of the facts. pic.twitter.com/NzKibNIdec— Tito Mboweni (@tito_mboweni) April 2, 2019
5. Bitcoin has risen from the dead, with a massive 23% surge yesterday to above $5,000. Traders are not sure what is driving the rally, but some speculated that the jump was fuelled by an April Fools' Day story on the website Finance Magnates, which said the US Securities and Exchange Commission was approving a bitcoin exchange-traded fund after an "emergency meeting".
13 terms you should know when ordering a cocktail
Reported by Zoë Miller
Like many other professions, bartending comes with its own lingo. Whether you're a cocktail aficionado or a casual drinker, you'll want to familiarise yourself with words like "neat," "bitters," and "shaken".
To learn more about bartending terminology, INSIDER talked to Christoph Dornemann, head bartender at Arnaud's French 75 Bar in New Orleans, Louisiana and Jillian Vose, beverage director at The Dead Rabbit Grocery and Grog in New York City, New York.
Here are 13 bartending terms everyone should know.
People often confuse 'neat' and 'up'
"Sometimes you'll get a customer who would say, 'Can I get a Knob Creek or a nice bourbon up?' What they really want is neat, neat being a poured, measured shot into a glass," Dornemann told INSIDER.
If a drink is 'up,' it's stirred over ice and poured into a martini glass
"Up means stirred over ice, served in a martini glass," Dornemann said. Before it's poured, an up drink would be stirred to the correct temperature and dilution.
Read more: How to make the perfect gin martini
If a cocktail or sipping spirit is served over ice, it's 'on the rocks'
Vose told INSIDER that both cocktails and sipping spirits can be ordered on the rocks, or over ice.
"If it's a neat sip, it's a single spirit, I would use a single rocks glass with a chunk of ice. If it's a Negroni, I would put it in an old fashioned [glass] with a big chunk of ice," she said.
A 'scant' measurement is less than the full amount
"Not that you try to use it too much, but if you do a scant measurement of something, that would be a little less than the full amount," Vose said.
You should know what 'bitters' are when ordering an old fashioned
"Bitters, in general, are a concentrated herbal tincture, so a lot of them have proprietary ingredients. They don't divulge every single ingredient. It's a mixture of spices, roots," said Dornemann, who suggested learning what kind of bitters you like best and specifying them when you order a drink.
One of the most well-known varieties is Angostura. Flavoured with warm spices like cinnamon and cloves, Angostura bitters are a key ingredient in an old fashioned.
Since they're slightly alcoholic, bitters can also be enjoyed on their own as shots. Dornemann recommended mixing Angostura bitters with pineapple juice as an alternative to a drink with a higher alcohol content.
Asking for something 'muddled' means the bartender will release the flavours of certain ingredients
When you muddle fruit or herbs, you press the ingredients against a glass to release their flavour.
"Muddling is gonna be a normal skill set that any bartender is probably going to be able to do. If they have fresh herbs or whatever, they're going to be able to muddle that in your drink," Dornemann said.
He said, however, that you should be cognizant of the type of environment you're in. For instance, a club bar wouldn't be the best place to order a mojito, which includes muddled mint leaves, since the venue might not have fresh herbs on hand.
A 'shaken' drink is made with shaker tins that aerate the ingredients
Shaken drinks, which often contain citrus, dairy, or egg, are made with shaker tins.
"When you shake something, you're incorporating texture by incorporating air," said Vose, noting that a good example of aeration is the white head on top of a daiquiri.
When a drink is 'stirred' it's diluted but doesn't change in texture
If you want to dilute a drink and make it cold without incorporating texture, you stir it rather than shake it.
The process gives you "a little more control over the dilution," Vose said. "So when people shake a martini or something like that, it eventually will come down, the ice chips will eventually melt, and it will eventually get to be clearer. It will eventually settle. The idea is that a guest should get the drink in the most perfect way possible when they get it."
Asking for a drink 'perfect' gets you a drink made with equal amounts of dry and sweet vermouth
"If you ask for something perfect, for instance, if you ask for a perfect Manhattan, that means you would like equal parts dry and sweet vermouth," Vose told INSIDER.
A 'dry' martini has less vermouth than a 'wet' martini
A martini is a cocktail that comprises gin and vermouth. Depending on the drinker's preference, the gin could be swapped with vodka.
"If you do ask for [a martini] dry, that means you're getting very little vermouth or less vermouth. If it's extra dry, very, very little vermouth," Vose said. "If you like it classic, I would say it's 5:1 or 4:1. If you like a wet martini, I would do more of a 50/50, or a heavier amount of dry vermouth."
'Expressing' means extracting oil from a citrus fruit
There's a reason why bartenders twist citrus rinds before adding them to a glass. More than a pretty garnish, the peels have been "expressed" to add aromatic oil to your drink.
Vose said that Dead Rabbit is minimal about garnishes, so the peels are discarded after their oil has been expressed. If you want to up your home bar game, however, you can express citrus rinds yourself.
"You could just use a peeler and take off just the pith. You don't want to get any of the fruit. You have to make sure they're firm enough or thick enough that you're able to get enough oil out of the skin. We simply face the skin side of the peel a few inches away from the drink and we express the oil on top," she told INSIDER.
Ask for a 'fizz' and you'll get a drink made with raw egg and soda water
When it comes to cocktails, egg whites are a standard ingredient.
"Egg white in your cocktail is a very commonly practiced thing since the beginning of cocktails.
"These days, you're getting organic eggs or things are pasteurized and they're staying in the fridge," Vose said. "You're also mixing them with alcohol. If you cracked an egg and it didn't smell right, you obviously wouldn't use it. I've never had someone get sick off an egg white drink."
A fizz is a drink that contains egg whites and soda water. If a drink pairs egg yolk with soda water, it's known as a golden fizz.
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