The ANC is in a strong position, with its main opposition - the Democratic Alliance - weakened through in-fighting and desperately in need of more black supporters. That’s the message in the Financial Times, a London-based newspaper influential among large global investors. The FT notes that President Cyril Ramaphosa has fallen short of a pledge to clean up on corruption and revive an ailing economy, ‘further battered’ by Covid-19 containment. Although these disappointments should create an opportunity for the DA, the ANC’s rival needs to win over more black voters. But, leadership hopeful Mbali Ntuli, 32, lacks support within a party that has dropped racial redress policies, the paper tells its august readership. There’s a lot to fight for in the DA leadership race. Before the DA can mount a serious challenge to the ANC, whose ranks are swelled with the corrupt and the captured, it will have to sort out its internal politics and the perception there is a culture of fear to silence dissent. That’s the message in a major financial capital as the SA party gears up for its end-of-month conference. PS: Kafka and StatsSA. My colleague Derek Alberts, aka The Wry Eye, asks: Remember the furore over the -51% drop in GDP and StatsSA conceding the annualised rate painted a worse than-dire picture of a 16.4% quarterly drop in 2Q 2020? “To balance the scales, StatsSA states that unemployment actually dropped at the height of the coronavirus lockdown, to 23.3% (2Q) from 30.1% (1Q). The explanation is a Kafkaesque gem – for people to be unemployed, they have to be actively looking for a job but during Stages 5 and 4, people couldn’t look for work, so they were not unemployed. Joblessness solved.” For more gems like this, sign up for the weekly BizNews Digest now. Be sure to use its 'clickable' features to unlock a treasure chest of audio and other resources. BizNews webinars to diarise: * In the Rational Radio webinar today at noon, BizNews founder Alec Hogg catches up on the big investment ideas. Wondering what to keep in your stock portfolio? Register here: https://attendee.gotowebinar.com/register/6730147365502274830. Exclusive to Premium members. * Tuesday Noon: Sponsored by Sable. Find out about your US emigration - and property investment - options. Free, but you must register: https://attendee.gotowebinar.com/register/4578371226056266255 * InFinance Friday at noon, independent financial advisor Dawn Ridler, of Kerenga Wealth Ecology in Johannesburg, is one of our special guests sharing insights on how to build your wealth for the long term. Free. Register here: https://attendee.gotowebinar.com/register/6646694434270030861 For downloading... * Episode Three ofInside Investingfeatures the investment case for Barrick (one of Warren Buffett's new favourites) and Berkshire; Purple Group and Famous Brands; plus an update on the Kisby SME fund from Mark Barnes. This podcast is now starting to take shape with a new signature tune and plenty of original content. Here's the link to the audio and transcript.
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