A pivotal election for South Africa
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 29 May 2024
⏱️ 12 minutes
🧾️ Download transcript
Summary
Hess shareholders approved a controversial takeover bid from Chevron, and South Africans vote today in the most contested election since the end of apartheid,Plus, the FT’s James Kynge argues that China is winning the tech war with the US.
Mentioned in this podcast:
South Africa’s ‘lost leader’ faces the end game
Georgia adopts Russian-inspired ‘foreign agents’ law
The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Breen Turner, Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The UK's energy partner. |
| 0:06.0 | Learn more at equinore. |
| 0:10.0 | Good morning from the Financial Times. Today is Wednesday, May 29th, and this is your |
| 0:17.4 | F.T. News briefing. |
| 0:20.5 | Hesse shareholders approved a controversial takeover bid and South African voters will decide if a legacy is strong enough to keep the president in power. |
| 0:30.0 | Plus China and the US are not on the best of terms and tech is a huge point of contention. |
| 0:38.0 | China's superpower is its supply chain. |
| 0:42.0 | Tech products are at the cutting edge of global technology |
| 0:46.1 | and yet unbelievably cheap. I'm Mark Filipino and here's the news you need to |
| 0:51.2 | start your day. A deal between Chevron and Hasz has had this, will they, won't they feel to it, and it's's had Wall Street on the edge of its seat for weeks now? |
| 1:16.4 | But yesterday it took a big step forward. Shareholders and the energy company has voted to approve Chevron's 53 billion dollar takeover |
| 1:26.1 | bid. |
| 1:27.1 | The reason this deal was so controversial is because ExxonMobil intervened. |
| 1:32.0 | The company says it has a first right of refusal over |
| 1:35.0 | Hesse's stake in an oil field off the coast of Guyana. Now even though Hesse's |
| 1:40.0 | shareholders approved Chevron's bid, it's not quite in the bag yet. We still need to see how Exxon's case |
| 1:47.6 | and a Federal Trade Commission investigation play out first. South Africans head to the polls today. |
| 1:58.0 | South Africans head to the polls today. |
| 2:00.0 | It's set to be the most contested election since the end of apartheid. |
| 2:05.0 | President Cyril Remoposa has been in power for six years now, |
| 2:09.0 | but his party, the African National Congress, has been leading for decades. |
| 2:15.4 | The ANC is the party of Nelson Mandela, but staying in power in this election won't be easy. |
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