Emerging opposition leaders signal positive change, but we’re gonna need a bigger name - Moeletsi Mbeki

Loading player...
Another big name from the business sector has thrown his name in the hat as a presidential candidate for the opposition in South Africa. He is Roger Jardine, the former PRIMEDIA CEO and FirstRand chair. Jardine was also reported to have had discussions with the Democratic Alliance’s John Steenhuisen and Helen Zille as the Multi-Party Charter is seeking an alternative presidential candidate. Political analyst, Moeletsi Mbeki said the problem he had with candidates like Roger Jardin and Songezo Zibi from Rise Mzansi is that they were the employers of big businesses, they were not the owners of capital. To really make an impact, what is needed is that one of the captains of industry, the owners of the banks, retail companies and mining industry stand for elections and challenge the ANC. Moreover, South Africa, he said, did not have an electoral system that allowed a central figure to rise like businessman Sam Matekane from Lesotho who won an election seven months after forming a political party. He said he believed that individuals can’t solve South Africa’s problems and that there will be no miracles that will come out of South Africa’s 2024 elections. Mbeki also commented on President Nelson Mandela’s legacy 10 years after his death and said the deal that the ANC got from the National Party was much better than expected if the ANC’s real strength on the ground is taken into account. He said the negotiated constitution is a good constitution and people who criticise it know nothing about the reality of South Africa at the time. He again blasted the ANC’s black empowerment policies saying it is the result of an elite riddled with an inferiority complex who think they should get wealth from white people and that they cannot create wealth through their own risk-taking and hard work.
8 Dec 2023 11AM English South Africa Investing · Business News

Other recent episodes

BNC#8 Piet Viljoen - Survive first, profit later: Why history beats prediction in investing

Piet dismantles the myth of market prediction, arguing that success comes from judgment, discipline, and respect for history. Drawing on timeless lessons, he reveals why human behaviour drives cycles, why diversification and liquidity matter, and why survival beats brilliance. In a world obsessed with forecasts, this approach focuses on resilience,…
20 Mar 5AM 27 min

BNC#8 truth over hype: Magnus on investing, independence, and winning in a tough economy

Magnus built his career on questioning narratives and pursuing truth - first in journalism, then in financial advice. From navigating market volatility to championing global investing, his journey reflects resilience and independence. In a challenging South African economy, his message is clear: think critically, stay global, and never compromise on…
19 Mar 8AM 23 min