Boardroom Talk – Preparing for the 2024 elections

South African politics is likely to be very different in the future. The ANC, which has ruled since 1994, is heading for well under 50% of the vote, ushering in a new era of coalition politics..There are mixed views on how this will impact the country – some believing the country will be paralyzed by fresh conflict; others hopeful that political coalitions are the perfect solution for a nation with such diverse backgrounds..I have been following the story of our political landscape closely, speaking on and off the record with many of the major players and have developed some informed views on the three scenarios that are likely to play out come 2024. More on that this week. .___STEADY_PAYWALL___.If you're in Johannesburg and would like to join my presentation on investing for the future in South Africa and how best to position yourself, you can contact lucy@biznews.com to request a spot. It will be held on Thursday at 6pm, seats are however limited so bookings will secured on a first come first serve basis. .More for you to read today: .JPMorgan says dovish Fed could spark 10% S&P rallyRussian oligarch finds refuge in Cape Town from Andrew DonaldsonUber tops sales estimates on strong ridership, driver supplyThe Japanese Government Is Right to Defend the YenWhy do we give out these confounding book awards each year?ICYMI again: Newly restructured BizNews Share Portfolio is off to a cracking start in October.The BizNews Premium Podcast.Premium Briefing Ep 7 – Making sense of the markets with Alec Hogg – how much worse can it get after the tech stock wipeout? And the bargain hunter's guide to the JSE..Global energy restructuring veteran KW Miller says nothing comes even close to the Eskom disasterNow that the ANC government has finally admitted defeat on Eskom by ending its monopoly and last week promising to assume up to ⅔ of its massive debt burden, the facade is being stripped from SA's teetering electricity provider. Global energy turnaround specialist KW Miller, who calls Eskom an "operationally dysfunctional, financially insolvent, unreliable and corrupt entity" says the path forward will be determined by the actions of creditors which own a large chunk of mostly SA government-guaranteed Eskom debt that he says is far higher than the official number of R400bn. Eskom has tapped global bond markets for decades – and according to Miller those who own the debt are now insisting the disaster be urgently addressed. In this powerful interview with Alec Hogg of BizNews.com, media-shy Miller says the only route now open for SA's State-owned electricity provider is for the private sector to take over the productive assets to cut off third-party leeches and criminal syndicates that continue to bleed the utility. Abu Dhabi-based Miller, who rarely grants interviews, says he "made an exception given the importance of the Eskom restructuring to SA citizens."

Boardroom Talk – Preparing for the 2024 elections

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