5 things you need to know in SA business today and 22 unbelievable words actually added to the dictionary
1. The rand is trading on the right side of R14 for the first time since February. The local market received a boost after the ratings agency S&P retained its “stable economic outlook” for South Africa. Also, emerging-market currencies across the world were stronger against the dollar. The US currency took a hit amid a new trade row: US president Donald Trump is threatening tariffs on $11 billion worth of EU products, following reports that the EU is preparing tariffs against the US because it pays subsidies to Boeing.
The rand was last at R13.91/$ this morning.
2. Nissan will invest R3 billion in its Pretoria factory to build a new Navara bakkie. The company wants to build 30,000 of the bakkies every year – almost doubling its current total production of 35,000 vehicles.
Nissan today formally launched an investment of R3 billion towards the building of a brand new Navara model. Tshegofatso tells me they make a new car every 2,5 minutes - 170 cars every 8 hours. He is the production & industrial engineering manager at the plant. #InvestSA pic.twitter.com/29f59QD1v5— President Cyril Ramaphosa ???? (@CyrilRamaphosa) April 10, 2019
3. The JSE asked AYO Technology Solutions to urgently explain allegations that former executives were instructed to change numbers in AYO's unaudited interim results. The PIC commission of inquiry heard testimony from AYO CEO, Kevin Hardy, who said that Iqbal Survé, the head of investment holding company Sekunjalo, issued an order to tamper with a financial report.
4. The founders of Tekkie Town have asked the high court in Cape Town to stop Steinhoff from selling the business they started until they can claw it back.
In the new action, launched on Tuesday, the Tekkie Town group says it has watched Steinhoff sell off other assets (such as car dealership group Unitrans and industrial group KAP) and have reason to fear the same may happen to the chain they sold to Steinhoff, for shares, shortly before its spectacular collapse.
5. Sibanye Gold sold about R1.7 billion in shares, a move that will bolster its balance sheet against the risk of a four-month-old wage strike by Amcu, which has slashed output its mines. Its share price fell by almost 18% yesterday.
22 words you won't believe were actually added to the dictionary
By Talia Lakritz
The Oxford English Dictionary adds new words on a regular basis to reflect new cultural phenomena.
Some of these words may have seemed silly at first but slowly worked their way into everyday conversation. Some of them are just silly, period.
Here are 22 surprising words that somehow made it into the dictionary.
Definition: a friendly embrace between two men.
Definition: "You only live once;" used to express the view that one should make the most of the present moment without worrying about the future (often as a rationale for impulsive or reckless behavior).
Definition: arousing great delight; cute or adorable.
Definition: a photograph that one has taken of oneself, typically one taken with a smartphone or webcam and shared via social media.
Definition: forget about it (used to indicate that a scenario is unlikely or undesirable).
Definition: expressing great pleasure or excitement.
Definition: the supposed ability of homosexuals to recognize one another by means of very slight indications.
Definition: a smartphone having a screen which is intermediate in size between that of a typical smartphone and a tablet computer.
Definition: a glamorous grandmother, especially one who is relatively young or fashion-conscious.
Definition: worst in emphatic use.
Definition: a competition, or a round in a competition, in which a number of dancers compete against each other until a winner is declared.
Definition: a small digital image or icon used to express an idea, emotion, etc.
Definition: a person's best friend.
Definition: a habitual and prolific reader; a compulsive book buyer.
Definition: dance to popular music in a sexually provocative manner involving thrusting hip movements and a low, squatting stance.
Definition: a personal website or social media account where a person regularly posts short videos.
Definition: a form of camping involving accommodation and facilities more luxurious than those associated with traditional camping.
Definition: bad-tempered or irritable as a result of hunger.
Definition: to watch multiple episodes of (a television program) in rapid succession, typically by means of DVDs or digital streaming.
Definition: a dog that is a cross-breed of a pug and a beagle.
Definition: to construct, fix, or modify something in an improvised or inventive way, typically by making use of whatever items are at hand.
For more, go to Business Insider South Africa.
Receive a single WhatsApp every morning with all our latest news: click here.
Also from Business Insider South Africa:
- 'Why won't my iPhone charge?': How to diagnose and fix common iPhone charging problems
- Nedbank took R9 million in bonuses away from its executives – but they can double that by not cooking the books
- Parents have been holding dangerous 'measles parties' in New York City to expose unvaccinated kids to the disease
- How to make your coworkers like you, in 60 seconds or less
- We compared fibre prices in South Africa - and it's up to 24% cheaper than in 2018
- 34 brilliant questions to ask at the end of every job interview