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START YOUR MORNING BY LISTENING TO TODAY'S BIZNEWS BREAKFAST BRIEFING – Tesla beats expectations, sells Bitcoin; Tech stocks keep rolling; Why Cele must go; Solidarity Fund cash only paid to black businesses.I was rather taken aback, as you surely will be, to discover that SA's supposedly public benefit organisation called the Solidarity Fund is only disbursing post-July-riot cash to 100% black-owned businesses. That is the thrust of my colleague Mike Appel's excellent interview with Sakeliga's Piet le Roux..___STEADY_PAYWALL___.You have to wonder whether Mary Oppenheimer knew that was what she was signing up for when injecting R1bn into the fund with the specific directive that it would support SMMEs. Her donation, incidentally, was ten times what the SA Government put into the fund..Ditto Fancourt's German owner Hasso Plattner who donated R100m and the R50m each given by Douw Steyn and the Allan Gray Foundation. To say nothing of thousands of lesser heeled South Africans who answered the call, contributing to a cumulative R3.5bn raised by the cruelly misnamed fund. Solidarity? Yeah right..Yesterday Cyril Ramaphosa publicly called on SA corporates to double up on his race-base agenda by supporting the 500-ANC favourites in its Black Industrialist programme. High time someone donate a book on economics to Phala Phala's owner. Or explained how subsidies to special interests have never worked for the public good. And never will..If you thought education was expensive, try ignorance..More for you to read today: .Rishi Sunak and Liz Truss Compete to Be Next British Prime Minister. Conservative Party lawmakers choose ex-treasury chief and the U.K. foreign secretary for runoff vote by party members.Tesla Ends Streak of Record Quarterly Profits After China Factory Shutdown. Elon Musk's electric-vehicle maker also is grappling with soaring inflation and supply-chain disruptions. Renewing the ANC. Mugabe Ratshikuni writes on #Adiwele, an intra-party movement of those impatient for meaningful change in the ANC and SA.China Evergrande Prepares to Shed Light on Restructuring as Creditors' Patience Wears Thin. The embattled property giant has yet to reach an agreement with bondholders, but still plans to release an update on restructuring talks in July.WATCH: JSE-listed mining shares have taken an awful hiding since March, with a number having lost as much as half their value. But that's a buy signal for South Africa's top performing money manager, Piet Viljoen, who manages the Counterpoint Value Fund. In this podcast with Alec Hogg of Biznews, Viljoen unpacks the appeal of a number of South African stocks, from the obvious (coal) to the exciting rebounds (Absa, FirstRand, Sanlam). Viljoen is a favourite among the BizNews community and at next month's event becomes the only speaker to deliver a keynote address at all of the BizNews Conferences at the Champagne Sports Resort in the Drakensberg..NB FOR YOUR WALL STREET JOURNAL ACCESS….As a Premium subscriber you are entitled to full membership of wsj.com (normal price $29 a month). Be sure to action your access through the Premium link on the BizNews website. Because of The Wall Street Journal's credential requirements, be sure to create a password which has at least 8 characters and includes at least one letter and one number – NB it MAY NOT contain any special characters (ie #, !, @ etc). To maintain access to WSJ.com, you MUST enter our partner's website via Biznews Premium at least once a month. A final PS, if you had previously signed up for WSJ you'll need to clear the cookies from your device. Our helpdesk can assist – support@alecbiznews-com

Premium: ANC just doesn’t get it. Subsidies to special interest groups never work.

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