South African Voters Set to Snub Mandela’s Party

WSJ What’s News

The Wall Street Journal

Daily News, News

4.1 • 4.2K Ratings

🗓️ 29 May 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for May 29. The party that ended apartheid in South Africa is set to lose its absolute majority for the first time in 30 years, as corruption, inequality and economic pain push voters away. But things could get worse for Africa’s most developed economy, the WSJ’s Alexandra Wexler says. Plus, Chicago is offering developers lavish subsidies in a bid to revitalize its emptying downtown. And a Democratic super PAC plans to spend $100 million on abortion-rights ads to try and retake the House. Peter Granitz hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	To keep up with today's regulation and scrutiny, you need a centralized secure platform to unite financial reporting, ESG, audit and risk.
0:08.4	You need Werkiva, where your most important work happens.
0:11.6	Whoo, visit work-evo.com slash W.S.J.
0:19.0	Chicago has an idea to save its dying downtown, give developers millions to dollars to attract tenants.
0:26.0	Plus Democrats have a plan to recapture the House, a hundred million dollars in ads on
0:30.4	abortion rights. And after 30 years in power,
0:33.4	South Africa's ruling party is set to suffer a big blow.
0:37.5	South Africa today is definitely not the rainbow nation
0:41.3	that Desmond Tutu and Nelson Mandela, had hoped it would be.
0:45.0	It's Wednesday, May 29th.
0:47.0	I'm Peter Granitz for the Wall Street Journal, filling in for Luke Vargas,
0:50.0	and here's the AM edition of What's News,
0:52.0	The Top Headlines and Business Stories Moving Your World. And here's the AM edition of What's News, the top headlines and business stories moving your world today.
0:56.0	The International Monetary Fund has raised its economic growth forecasts for China after strong first-quarter data.
1:06.6	The IMF now sees the world's second largest economy growing at 5% this year, compared with the
1:12.1	prior forecast of 4.6% in April. It also raised China's growth
1:16.7	forecast for next year. The upgrade comes as Beijing has rolled out measures aimed at stabilizing the country's troubled property sector, giving markets some cause for optimism.
1:27.0	Asia economics reporter Jason Douglas explains that while things are looking up, China's economy is still not entirely out of the woods.
1:34.7	It's certainly a brighter outlook for the very near term, so we have stronger growth this year,
1:39.8	stronger growth
1:44.4	to slow further in the years ahead as China gets to grips of things like its
1:48.4	aging workforce, trade tensions, so it's a sign that the worst is
	...

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