Sometimes things fall into place so perfectly they appear divinely designed. The 2020 US elections seem to be turning out that way. A bit like South Africa’s first democratic election in 1994.
Also read:Â Alec Hogg: Resources to help you follow Trump v Biden
While lesser concerns now dominate our thoughts, we forget too easily how in 1994, SA’s first democratic election delivered the perfect result – the ANC with 62.7%, a tad short of the two thirds majority required to change the Constitution; the potentially disruptive IFP enjoying a single seat majority in the KZN legislature; the National Party winning 82 seats and thus retaining a strong voice in Parliament. So perfect many cynics still claim it was stage managed.
It looks to be a similar result in the bastion of global democracy. Setting aside last minute twists, the US seems headed for a Joe Biden presidency (just), but with critical checks provided by the (unexpected) retention of Senate control by the Republicans. US voters re-iterated their point through the (unlikely) contraction of the Democratic Party’s majority in the House of Representatives.
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Also read:Â US election: Track the race to the finish in SA time
With the absence of a widely predicted Blue Wave of sweeping Democrat victories, the party’s brains trust is sure to reflect. Despite four years of divisive Donald Trump, America refused to hand unfettered power to those ejecting him. Especially not to socialist-minded “progressives” liberally sprinkled within the Dems. No wonder US stock prices surged yesterday. The US’s governance structure was severely tested. Once again, it was not found wanting. Those Founding Fathers sure knew their oats.
For your attention today…
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* Today’s Noontime Thursday Webinar with Tim Modise focuses on what help is available for businesses in distress. Click here to register: https://attendee.gotowebinar.com/register/1324111475714234383
* In Jackie Cameron’s Finance Friday webinar tomorrow, she takes a close look at SA investment opportunities, risks and challenges with her guests, entrepreneur and property investment specialist Michelle Dickens of the TPN Credit Bureau and financial advisor Lourens Reichert of Holborn Africa. Register here: https://attendee.gotowebinar.com/register/6646694434270030861
FOR DOWNLOADING…
* If you invest in the top performing BizNews share portfolio, be sure to listen to the latest episode of my Inside Investing podcast with in-depth discussions about Apple, Amazon, Naspers, Orbvest and Richemont. Here’s the link: https://www.biznews.com/global-investing/2020/11/04/inside-investing-tech-stocks
* The latest episode of The Alec Hogg Show features Mmusi Maimane and is now available for downloading. Apart from the story of an unlikely emergence to fame, the Maimane podcast reminds us about the Constitutional Court ruling on the Electoral Act which will redraw SA’s political playing field. While others seem to be relaxing in a fast ending status quo, Maimane is preparing for a very different future ….Here’s the link:Â https://www.biznews.com/undictated/2020/11/03/mmusi-maimane
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