1. The repo rate was lowered by 25 basis points yesterday, but there’s little indication that it’s the start of a long rate cut party. The Reserve Bank governor Lesetja Kganyago warned: “The impact of upside risks to the inflation outlook could be significant.” He warned about global risks, rising electricity prices and the cost of bailing out Eskom and other state-owned entities. This was the first cut since March 2018.

2. Usually a rate cut is bad news for a currency: it leaves it less attractive to investors wanting to earn interest. But the rate cut saw the rand explode – it was last at R13.85/$, its best level since February. This was out of relief that the cut wasn’t steeper.

Dollar/rand rate .Source: XE

3. In court yesterday, the legal team of axed Old Mutual CEO Peter Moyo contended that the company should have instituted a disciplinary hearing following allegations against him. They say Old Mutual pushed through his sacking, without giving him a chance to give his side of the story.

4. In a trading update, iron ore producer Kumba announced that its headline profit could be up to 245% higher for the past six months as sales increased.

5. There was a 6% jump in the share price of Pioneer Foods, owner of Sasko, Spekko and Liqui-Fruit, yesterday. The company released a cryptic announcement earlier this week – just saying it has entered into negotiations.

7 easy ways to stop being socially awkward

Reported by Shana Lebowitz

Everyone's had a socially awkward experience or two.

You go to hug someone, but they're trying to shake your hand, so you end up backslapping them.

Your date asks whether you prefer vanilla or chocolate ice cream, and for some reason you end up telling them about the time you vomited after eating vanilla.

Chances are good that you're not nearly as socially inept as you believe you are. But simply thinking of yourself as awkward can undermine your confidence in social situations.

To help give you a confidence boost, we checked out the Quora thread "What are the best ways to improve social skills?" and pinpointed some practical tips.

We can't promise you'll never have another awkward encounter, but hopefully this advice will help you enjoy, instead of dread, social interactions.

Note that if social anxiety is interfering with your ability to function on a daily basis, you might consider seeing a therapist, who can give you more tools to overcome your nerves.

Be present.

We're so accustomed to mental and physical multitasking that we might not even realize how off-putting it can be to conversation partners.

"When you're with someone, but you're distracted by other thoughts or emotions, people notice," writes Eva Glasrud. "Maybe your eyes glaze over, or your reactions are a little off or delayed. Or maybe you're being super obvious about it and using a mobile device while 'listening' to them."

Glasrud continues: "This makes people feel bad. Like they're not important. Or like you're not being authentic."

The ability to focus on the here and now is a skill called mindfulness, which you can cultivate gradually through practices like focusing on your breath and the individual sensations you're feeling in a given moment.

Focus on the other person.

"The best thing I ever learned to improve my social skills was to think of the other person/people instead of myself," says Jennifer McGinnis. "Instead of worrying how I was 'performing' or coming across, I would think about the other person and how they seemed to be feeling or getting along."

Chances are good that your conversation partner is feeling just as uncomfortable as you are - and recognizing that could help you relax.

Act 'as if.'

In other words, fake it till you make it.

Writes Deborah Crawford:

Act "as if" you have great social skills. What does that look like? Pretend you are the host of whatever gathering you are in and make someone feel welcome. Smile, make brief eye contact, and say hi.

Crawford is on to something. A growing body of research suggests that you can change your emotions simply by changing your behavior. For example, smiling can make you feel happier, and adopting a "power pose" can make you feel more confident.

Practice and reflect.

Social awkwardness is something of a vicious cycle. The worse you feel, the less likely you are to talk to people, which only exacerbates your discomfort.

That's why Quora user Jeremy Mifsud recommends in a now deleted comment deliberately seeking out a range of social situations as a kind of experiment:

The easiest ways to improve your social skills is to consciously put yourself into social situations. Afterward think about what went to your liking and what else was there that you wanted out of each situation.

Take an improv class.

Hari Alipuria suggests that others who frequently feel awkward in social situations follow his lead in doing improvisational theater:

Most social awkwardness is the result of overthinking. This overthinking is the result of fear. Improv forces you to be in the moment. Instead of thinking about myself, I actively listen, and build on what others have said.

It goes back to McGinnis' idea that you should redirect your focus away from yourself, what might go wrong in the future, and the mistakes you've made in the past and concentrate instead on the current conversation.

Team up with someone more socially skilled.

"I have found that a good way to increase my social exposure is to make a few, close friendships with people who are inherently much more gregarious than I am," writes Ankit Sethi.

"I accompany them to social events, they help to introduce me to new people and thereby give me a social 'starting line of credit' with these folks, because by virtue of association with the gregarious friend I don't have to start from scratch with them - I already have an implicit endorsement, of sorts.

"Another plus is that they can deal with the small talk much more easily, giving you the option to chime in whenever you have something substantial to say and stay quiet when you don't."

Eventually, you'll feel OK talking to people on your own, without the support of your chatty pal.

Ask questions.

Don't use every interaction as an opportunity to impose your values and beliefs on others. Consider how you can make the other person feel relaxed and give them space to express their thoughts and feelings.

"Instead of racing to insert your own point of view, ask questions," says Karen Engdahl. "Don't interrupt. Don't feel compelled to fill silence with chatter."

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