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The Intelligence from The Economist

Antsy about ANC: reform in South Africa

The Intelligence from The Economist

The Economist

Daily News, Global News, News

4.53.7K Ratings

🗓️ 17 October 2019

⏱️ 24 minutes

🧾️ Download transcript

Summary

Our journalists interview Cyril Ramaphosa, South Africa’s president, about his efforts to clean up his country and his African National Congress party. He’s the right man for the job, but the clock is ticking. The markets are rife with funds run by computers, but handing decisions to the machines comes with plenty of risk. And how political polarisation is driving a new dictionary of discourtesy.

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Transcript

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0:00.0

The way we work has changed, whether working from home, at the office or in a hybrid environment,

0:06.0

your team needs high quality equipment.

0:09.0

But there's no need to troll through endless options to find the perfect printers.

0:14.0

Print high volumes at low cost, with Canon's range of printing solutions

0:18.0

adapted to every work setting, enabling the workspace, supporting your ambition.

0:24.0

Canon Maxify GX, the range of printers that work for you and your team.

0:31.0

Hello and welcome to the Intelligence on Economist Radio. I'm your host, Jason Palmer.

0:41.0

Every weekday we provide a fresh perspective on the events shaping your world.

0:50.0

Investing has always been about using information to gain an edge,

0:54.0

but in the information age, more and more decisions are handed to the machines.

0:58.0

In America, funds run by computers account for two-thirds of stock trades.

1:03.0

That comes with risks.

1:07.0

And centuries ago, the naughtiest words were religious slurs.

1:11.0

More recently, the swearingest insults had to do with body parts or bodily functions.

1:16.0

These days, those seem fairly tame.

1:19.0

A political polarization is opening a new dictionary of discuracy.

1:28.0

But first, since taking office in 2018, South Africa's president, Cyril Remaposa,

1:37.0

has faced a difficult task, cleaning up the mess made by his own party,

1:41.0

the African National Congress, or ANC.

1:44.0

The ANC is Nelson Mandela's liberation movement-turned-party,

1:48.0

which has been in power since the end of apartheid.

1:51.0

The country is in dire straits following the nine-year presidency of Mr. Remaposa's predecessor, Jacob Zuma.

...

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