5 things you need to know in SA business today and how to pick the perfect avocado
1. Yesterday was a nightmare for a couple of heavyweight companies listed on the JSE.
First, British American Tobacco bled amid reports that the US government could ban menthol cigarettes, which represent almost 25% of the company’s profit.
2. Next up, Vodacom lost 8% after releasing its results. Its headline earnings fell almost 14% for the six months to end-September due to the costs of its BEE transaction.
Today's combined market cap declines in just 4 JSE listed stocks (BAT, VOD, NPN & MTN) add up to R243bn. That's R243,000,000,000; not a pretty picture for business models geared to market levels and liquidity.— Daniel Malan (@DanielJMalan) November 12, 2018
3. Naspers fell 3.5% after the Competition Commission yesterday ruled that the SABC in effect merged with its subsidiary MultiChoice in a 2013 distribution deal. They now face disciplinary action if they do not register the transaction as a merger under the Competition Act.
4. Eskom may be running out of coal, after a number of coal companies filed for bankruptcy.
5. Former public enterprises minister Barbara Hogan testified at the state capture commission yesterday that former president Jacob Zuma insisted on appointing Siyabonga Gama as head of Transnet - despite misconduct charges against him, and against the wishes of the Transnet board.
How to pick the perfect avocado
As delicious as they are, avocados are notoriously temperamental fruits.
It's no secret that catching your avo in its small window of ripeness is extremely difficult - and there's nothing worse than to find one that's too hard, or mushy and brown.
Then there are the avocados which seem never to soften at all, and you reluctantly end up eating the hard yet watery green flesh atop your toast.
Many people believe they have ways to hack the system - popping your avocado in the fridge to stop it ripening too soon, or placing in the oven on a low heat to speed up the softening process, for example - but how much can we really do? Does finding a perfect avocado really come down to pure luck?
As it turns out, there are certain things to look out for in the supermarket to ensure the avocado you take home will ripen perfectly.
First, however, it's useful to know the science behind how avocados ripen.
How avocados ripen
Avocados don't actually ripen while on the tree - it's not until they're picked that the flesh will start to soften. However, it's important that the millennial staple is picked at just the right moment.
"The fruit does not ripen while attached to the tree, even when physiologically mature, because of an inhibitor in the fruit stem," Kantha Shelke, a food and nutrition scientist and member of the Institute of Food Technologists, explained to HuffPost.
"It appears to be nature's way of protecting the fruit from damage from high temperatures. Even exposing the fruits on the tree to ethylene [the hormone released by fruits and vegetables as they ripen] gas will not ripen it."
It's only once an avocado has been picked that it will start to soften, but it needs to stay on the tree long enough to ensure it has the right balance of oil and dry matter, which means it's imperative that the fleshy fruit isn't taken from the tree too early.
If an avocado is picked too soon, it will never soften, will remain hard and watery, and your brunch will be ruined.
How to pick a perfect avocado
There are a number of tricks you can use to ensure you choose a winning avocado, according to HuffPost:
- Give the fruit a gentle shake - if the seed rattles, the avocado should ripen quickly.
- Avoid avocados with loose skin.
- Steer clear of fruits that appear to be going bad at the stem end.
- Look for a classic pear shape.
- Avoid fruits that are softer in patches, as these are likely bruises.
- Don't worry about blemishes or marks on the skin, though.
- Give it a gentle squeeze - if it slightly yields to pressure, it's likely to be ripe. If it's very firm, it's not ready, and if it feels very soft, it's overripe.
Once you've selected your avocado and taken it home you'll know it's ready to eat when you remove the stem cap and underneath is green (if it's brown, it's overripe. Sorry).
How to speed up the ripening process
If you bought your avocado on Wednesday but by Friday it's still on the firm side, fear not: there is a way you can ripen up your avo for the weekend, according to HuffPost.
All you need to do is place the avocado in a brown paper bag or sealed container alongside other fruits which produce ethylene, such as apples and bananas.
Don't bother heating the avocado in the hope of it ripening, though. It apparently won't work.
Reporting by Rachel Hosie
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