Podcasts from the Edge

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Business Day parliamentary reporter Tara Roos tells Peter Bruce in this edition of Podcasts from the Edge that, while DA leader Helen Zille may secure the most votes in Johannesburg in the upcoming local government elections, she is unlikely to become mayor. Roos, whose new book Where To From Here unpacks South Africa’s political landscape in the wake of the 2024 elections, argues that Zille won’t win an outright majority and will lack the numbers needed to form a coalition. The ANC, ActionSA and the Freedom Front Plus are all expected to oppose her. Could the Patriotic Alliance step in? Unlikely, says Roos: “The DA’s only possible coalition partner is going to be the ANC.” And in Gauteng, that remains a long shot. 

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Africa’s populations are exploding. By 2050 one in 10 children born in the world will be Nigerian. Right now 29 of the world’s top national fertility rates are African. But Africans need to find new power and position in the world. Widely-respected South African business leader Phuthuma Nhleko has just published a book, The Invisible People, to make the case for a new Pan-Africanism and tells Peter Bruce in this Edition of Podcasts from the Edge that the continent really can find its voice again. "I know the African Union has got many, many challenges (but) the structures are there. The European Union has done the same … before 1945 Europeans were killing each other … but post 1945, the EU was built block by block, and I struggle to understand why that would be a farfetched vision for Africa in the next 20 years.” 

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President Cyril Ramaphosa will tell delegates at the Sixth South African Investment Conference this Tuesday morning that he plans to raise R2 trillion in news fixed investment over the next three years. Or five years, depending on which articles you read on the Presidency website. Peter Bruce argues in this Podcast from the Edge monologue that Ramaphosa deliberately sets himself soft targets ,he knows he can reach. And R2 trillion doesn’t come close the to 25% of GDP in fixed investment per year the economy needs to grow fast enough to make a real dent in unemployment. So let’s not get too excited. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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The government is planning something quite audacious and it isn’t a high speed train from Tshwane to Durban. Instead it wants to create, out of the often dishevelled mass of land and property it owns through the Department of Public Works and Infrastructure, a national property company worth some R155bn … and it’ll be open to, indeed it’ll depend on, private investment. DPWI minister Dean Macpherson tells Peter Bruce in this edition of Podcasts from the Edge that “We have to find a mechanism to do something to protect the underlying value (of the State’s assets). If you wanted to put it on a graph, you'd have an inclining maintenance backlog and a declining property value. And those two are going to intersect at a point where if a decision isn't made quickly the damage may become irreversible. And government may have anything between a R30bn and R50bn hole on it balance sheet due to these collapsing buildings." Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com
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