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South African Reserve Bank
SA Reserve Bank business cycle indicator falls by 0.4%
20 August 2019, 12:35 PM

The South African Reserve Bank’s composite leading business cycle indicator fell by 0.4% month-on-month in June. The largest negative contributions to the movement in the composite leading business cycle indicator in June came from a deceleration in job advertisement space and a decline in the number of residential building plans approved.

Leading indicators provide investors with some sense on the direction of economic growth in the near-term. Economists Jeff Schutz says the latest leading business indicators doesn’t bode well for economic growth.

“The performance of the leading in climbing indicator has been very disappointing over the last couple of months and I think indicative of still very weak levels of domestic confidence and economic activity stemming from policy coherent. So unfortunately the outlook for GDP growth for this year and next year is certainly not looking good,” explains Schutz.

Chris Brown
Battery case against Chris Brown dropped
20 August 2019, 11:10 AM

A battery case against Chris Brown linked to a fight at a nightclub in Florida in the United States has been dropped. The singer was accused of punching a photographer, but officials have determined that there is “insufficient evidence to prosecute”.

He was performing at the club last year when he reportedly lost his cool with the photographer after asking him to stop taking photos of him and his entourage.

Marcell Coetzee
Boks trim squad ahead of RWC team announcement
20 August 2019, 11:06 AM

Lizo Gqoboka, Marvin Orie, Thomas du Toit and André Esterhuizen have been released from the Springbok training squad back to their provinces and will be available for Currie Cup selection this weekend.

The four are members of the Springbok training squad of 36 players who gathered in Bloemfontein on Sunday for the start of a four-day Rugby World Cup camp. They will join their provinces on Tuesday.

Meanwhile, Springbok management has confirmed that Marcell Coetzee will undergo ankle surgery on Wednesday. The Ulster loose forward hurt his ankle and also suffered a blow to the head in the first half of the Springboks’ 24-18 victory over Argentina in Pretoria.

He will be out of action for up to 12 weeks, which means he is also ruled out of contention for selection for the Springboks’ RWC squad.

The Springbok RWC squad announcement takes place next Monday at 15:00 in Johannesburg.

Vusi Silora
CEO urges South Africans to become entrepreneurs
19 August 2019, 6:09 PM

The Chief Executive Officer (CEO) of a local skincare product Vusi Silora says in the shrinking job market, South Africans should strive to become entrepreneurs rather than job-seekers.

Silora was born in the small rural village of Mpuluzi in Mpumalanga, but set up his company in Alexandra township, north of Johannesburg.

He started by selling skincare products from the boot of his car before being listed with the Shoprite group about seven years ago.  His latest plan is to build a manufacturing plant at nearby Marlboro in order to empower disadvantaged South Africans.

“The challenges we had were accessing the market, especially major retailers.  There was resistance.  And as your business grows, the challenge is to get funding to meet the demand.  But with the help of the Trade and Industry Department, I managed to get funding from the Industrial Development Corporation.  That gave me a kick-start to roll out my products to all major retailers,” says Silora.

Silora believes people shouldn’t resist change but find ways to adapt, especially now as the Fourth Industrial Revolution has started. “The fact of the matter is that people should be teaching those who are going to lose their jobs to be entrepreneurs.”

Watch video below:

Boris Johnson
Boris Johnson wants Britons to get vaccinated against measles
19 August 2019, 4:34 PM

Britons should get vaccinated against measles and ignore online “mumbo-jumbo” about dangers of the jabs, Prime Minister Boris Johnson said on Monday after a resurgence of the disease.

Britain has lost its “measles-free” status three years after the virus was eliminated and there were more than 230 new cases of measles recorded in the first quarter of 2019.

Johnson has called for a summit of social media companies to discuss how they could promote accurate information about the Measles Mumps Rubella (MMR) vaccine, while his office said the National Health Service’s (NHS) website was being updated to address misleading online information about the dangers of jabs.

“The UK generally has a great record on fighting measles, but for the first time we’re suddenly going in the wrong direction,” Johnson said on a visit to a hospital in Truro, south-west England.

“I’m afraid people have just been listening to that superstitious mumbo-jumbo on the internet, all that anti-vax stuff, and thinking that the MMR vaccine is a bad idea. That’s wrong, please get your kids vaccinated.”

Johnson added that some parents were also complacent about making sure their children receive their second doses of the MMR vaccine.

Johnson’s office said that currently just 87% of children are getting their second dose of the jab, likely contributing to the spread of the disease. The government has a target of 95% of children to get both doses of the jab.

“It’s not just the right thing for them, but also of course it’s the right thing for the whole population,” Johnson said. “It might not be your kid that gets it, it could be somebody else’s.”

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