5 things you need to know in SA business today and 14 things successful people do right before bed
1. The rand reached R15.4550/$ yesterday – its worst level in almost a year. It was the victim of an emerging market sell-off after a shock election result in Argentina: the centre-right president lost to a populist candidate in the first round of voting – which saw the country’s currency lose almost a third of its value at one point yesterday. Its stock market shed almost 40% in a single day. If that wasn’t enough, political unrest in Hong Kong unnerved markets and US president Donald Trump said he wasn’t ready to make any trade deal with China, and could scrap talks next month.
Before we blame all local politicians & corporates for today's Rand "implosion", this is another global emerging market selloffTop10 #EM #Currencies today:China 0%Korea -0.4%Taiwan -0.2%India -0.5%Brazil -1.6%SA -0.8%Russia -0.5%Thailand -0.2%Mexico -1.1%Indonesia 0%— Schalk Louw (@SchalkLouw) August 12, 2019
2. The Gauteng High Court in Pretoria granted president Cyril Ramaphosa an interim interdict to stay Public Protector Busisiwe Mkhwebane's remedial action stemming from her investigation into a R500 000 donation to his ANC presidential campaign. Mkhwebane did not oppose Ramaphosa's application.
3. Today, Steinhoff's management will update investors on the status of its turnaround plan.
4. Absa has found a new CEO, who could start in January. The bank is not naming names, but former Reserve Bank exec Daniel Mminele seems to be the frontrunner.
5. Discovery lost another 8% of its value yesterday, as the fall-out from the new NHI bill continued. It is now down 20% in two days.
We firmly believe that once South Africans have contributed to the NHI, they should have the freedom to purchase cover through medical schemes for any healthcare services, including those provided by the NHI, should they wish to do so. Regards.— Discovery Vitality (@Vitality_SA) August 12, 2019
14 things successful people do right before bed
Reported by Rachel Gillett
The last thing you do before bed tends to have a significant impact on your mood and energy level the next day, as it often determines how well and how much you sleep.
Successful people understand that their success starts and ends with their mental and physical health, which is almost entirely dependent upon their getting enough sleep.
That is why good bedtime routines are a key ritual for so many of them.
Here's what many successful people do right before bed.
1. They read
Experts agree that reading is the very last thing most successful people do before going to sleep -President Barack Obama and Bill Gates are known to read for at least a half hour before bed.
Michael Kerr, an international business speaker and author of "You Can't Be Serious! Putting Humor to Work," says he knows numerous business leaders who block off time just before bed for reading, going so far as to schedule it as a "non-negotiable item" on their calendar.
"This isn't necessarily reserved just for business reading or inspirational reading. Many successful people find value in being browsers of information from a variety of sources, believing it helps fuel greater creativity and passion in their lives," he says.
2. They unplug completely
The blue light from your phone mimics the brightness of the sun, which tells your brain to stop producing melatonin, an essential hormone that regulates your circadian rhythm and tells your body when it's time to wake and when it's time to sleep. This could lead not only to poor sleep, but also to vision problems, cancer, and depression.
Dr Michael Woodward, organisational psychologist and author of "The YOU Plan," agrees, saying, "The last thing you need is to be lying in bed thinking about an email you just read from that overzealous boss who spends all their waking hours coming up with random requests driven by little more than a momentary impulse."
Give yourself a buffer period of at least a half-hour between the time you read your last email and the time you go to bed.
3. They disconnect from work
Truly successful people do anything but work right before bed, Kerr says. They don't obsessively check their email, and they try not to dwell on work-related issues.
Studies have found if you associate your bed with work, it'll be much harder to relax there, so it's essential you reserve your bed for sleep and sex only.
Disconnecting from work is important once you get home, and especially right before bed. It's good to let your mind recharge, spend time doing something you enjoy, and feel ready to tackle the next day.
Work burnout may actually hinder your productivity by causing you to become easily irritated or stressed out. Taking time after work to fully disconnect from your job may actually increase your productivity the next day. You'll be feeling fresh and ready to take on the day's tasks.
4. They make a to-do list.
"Clearing the mind for a good night sleep is critical for a lot of successful people," Kerr says.
"Often they will take this time to write down a list of any unattended items to address the following day, so these thoughts don't end up invading their headspace during the night."
For example, Kenneth Chenault, former CEO of American Express, writes down three things he wants to accomplish the next day.
5. They spend time with family.
Woodward says it's important to make some time to chat with your partner, talk to your kids, or play with your dog.
Laura Vanderkam, author of "I Know How She Does It" and "What the Most Successful People Do Before Breakfast," says this is a common practice among the highly successful. "I realize not everyone can go to bed at the same time as his or her partner, but if you can, it's a great way to connect and talk about your days."
6. They spend quality time with their partners.
Another great way to connect with your partner: sex.
Apart from the health benefits - sex is exercise, after all, and it can reduce stress and anxiety levels - and the positive effect it has on your relationship with your partner, a study published by The Institute for the Study of Labour in Germany also found a correlation between sexual frequency and wealth.
The study found that people who had sex four or more times a week earned a salary 5% higher than those who didn't, and those who said they weren't having sex at all made 3.2% less than their counterparts who were having sex.
"People need to love and be loved (sexually and non-sexually) by others," study author Nick Drydakis, an economics lecturer at Anglia Ruskin University in Cambridge, England, told CBS News. "In the absence of these elements, many people become susceptible to loneliness, social anxiety, and depression that could affect their working life."
7. They go for an evening stroll.
Joel Gascoigne, cofounder and CEO of Buffer, takes a 20-minute walk every evening before bed. "This is a wind-down period, and allows me to evaluate the day's work, think about the greater challenges, gradually stop thinking about work, and reach a state of tiredness," he writes in a blog post.
While it's a popular belief that exercise before bed can prevent sleep, the National Sleep Foundation found that exercising whenever you can, even at night, helps you sleep better. Numerous studies have also found walking to reduce stress and anxiety.
8. They reflect on the good things from the day.
Kerr says many successful people take the time just before bed to reflect on, or to write down, three things they are appreciative of that happened that day.
"Keeping a 'gratitude journal' also reminds people of the progress they made that day in any aspect of their life, which in turn serves as a key way to stay motivated, especially when going through a challenging period."
It's easy to fall into the trap of replaying negative situations from the day that you wish you had handled differently. Regardless of how badly the day went, successful people typically manage to avoid that pessimistic spiral of negative self-talk because they know it will only create more stress.
Benjamin Franklin famously asked himself the same self-improvement question every night: "What good have I done today?"
9. They picture tomorrow's success.
Many successful people take a few minutes before bed to envision a positive outcome unfolding for the projects they're working on, says Lynn Taylor, a national workplace expert and author of "Tame Your Terrible Office Tyrant: How to Manage Childish Boss Behavior and Thrive in Your Job." "For most, this is not a task or exercise; they're wired with a gift of solid resolution skills that come naturally."
10. They meditate.
Many successful people use the 10 minutes before bed to meditate. Dale Kurow, a New York-based executive coach, says it's a great way to relax your body and quiet your mind.
11. They plan out sleep.
"Much has been written around the dangers busy people face running chronic sleep deficits, so one habit I know several highly successful people do is to simply make it a priority to get enough sleep - which can be a challenge for workaholics or entrepreneurs," Kerr says. One way to do that is to go to bed at a consistent time each evening, which is a key habit all sleep experts recommend to help ensure a healthy night's sleep.
Vanderkam further suggests that you plan out when you're going to wake up, count back however many hours you need to sleep, and then consider setting an alarm to remind yourself to get ready for bed. "The worst thing you can do is stay up late then hit snooze in the morning," she says. "Humans have a limited amount of willpower. Why waste that willpower arguing with yourself over when to get up, and sleeping in miserable nine-minute increments?"
12. They keep a hygiene ritual.
The National Sleep Foundation recommends you create a hygiene ritual that sends a psychological signal that you are getting ready for bed. This can include brushing your teeth, washing your face, flossing, combing your hair.
Stephen King's nightly routine includes washing his hands and making sure all the pillows face a certain way.
13. They decompress
Maybe you like taking a warm bath. Perhaps listening to calming music relaxes you.
The most successful people find ways to unwind and decompress before heading to bed. It allows them to de-stress, fall asleep quicker, and sleep more soundly so they're ready for the next day.
14. They skip the wine
When researching her sleep manifesto, "Thrive," Huffington consulted a number of sleep specialists for tips. One of her favourites is avoiding alcohol right before bedtime.
While alcohol can certainly help you fall asleep, the National Institute of Health finds that it robs you of quality sleep. Alcohol keeps people in the lighter stages of sleep from which they can be awakened easily and prevents them from falling into deeper, more restorative stages of sleep, the institute finds.
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