BN Daybreak: 54 days to elections, 48,000 tons of gold untouched, SOE failures, Piet Viljoen

Fifty four days out from South Africa's local government elections, Geordin Hill-Lewis told BizNews nobody else is even campaigning yet, and made his case for why the DA could end up governing seven of the country's eight big metros. Sam Montsi, whose memoir Defying Barriers charts a career from exile in Lesotho to running businesses on two continents, told Chris Steyn where the politicisation of state-owned company boards went wrong. Dr Duarte da Silva made the case that South Africa isn't running out of gold, it's sitting on 48,000 tons of it, and explained why almost nobody in Pretoria seems to be listening. And at BNC#9 in the Drakensberg, value investor Piet Viljoen answered a delegate's question about executive pay, incentives, and what he calls his investing North Star. Plus the latest from Wall Street, via Reuters.