De Beer: On the MPC, RET, ANC & the IEC’s “earth-shattering bomb” on smaller parties…

Loading player...
The Multi-Party Charter (MPC), the Radical Economic Transformation (RET) factions and the African National Congress (ANC) are the three “slides” in the election show of 2024. That is according to Neil de Beer of the United Independent Movement (UIM) - a party in the Multi-Party Charter (MPC). In this interview with BizNews, he talks about the “earth-shattering bomb” the Independent Electoral Commission (IEC) has dropped on smaller parties, a move that could prevent them from fighting the election and force some out of the Multi-Party Charter (MPC) that is currently “scratching” the 40% mark. He describes how growing support for the Radical Economic Transformation (RET) factions could collectively gain 35% of the vote. He floats some interesting coalition scenarios. But he warns that the ruling African National Congress (ANC) will not surrender easily: He says the fight is already “dirty” and “deals are being made, meetings are currently being held in the most unobtrusive smaller coffee shops in this country”.
4 Mar 2024 5AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: Amazon beats Starlink; PIC's Lanseria crisis; Netflix's slowdown; AI's big margins

In today's BizNews Daybreak we dive into Amazon's quiet maneuver past Starlink into South Africa's satellite internet market via Herotel. We also examine the Public Investment Corporation's escalating governance crisis over the Lanseria Airport transaction, alongside policing gaps fueling local pharmaceutical drug crimes. Internationally, we cover SpaceX’s scrubbed Starship launch,…
16 Jul 11PM 15 min

The R3.5 trillion crisis: Why the PIC is under fire

South Africa's Public Investment Corporation is facing its biggest governance crisis in years. With CEO Patrick Dlamini suspended, senior executives resigning, and the Financial Sector Conduct Authority launching a formal investigation, questions over transparency, accountability, and the safety of government workers' pension funds are mounting. DA finance spokesperson Dr Mark…
16 Jul 8AM 34 min