Independent Political Analyst

Aubrey Matshiqi was a Senior Research Associate at the Centre for Policy studies (CPS) in Johannesburg until March 2011, and was a research fellow at the Helen Suzman Foundation until December 2017. In 2010, he was invited to take up a research fellowship at the Stellenbosch Institute for Advanced Studies (Stias). At CPS he specialised in South African Politics with a special focus on the ANC and the Alliance, the re-alignment of opposition political politics, electoral system reform and the state of democracy in South Africa. At Stias he did research on historical memory and politics in post-apartheid South Africa. In May 2014, Matshiqi was invited to speak at a symposium held in hour of Nelson Mandela at the Uppsala University in Sweden.


Matshiqi is a former Mathematics Science and English teacher and government strategist and spokesperson. Towards the end of his teaching career he obtained a degree in History and English Literature. He is also a former member of the United Democratic Front, African National Congress and the South African Communist Party. He writes a weekly column for the Business Day and a monthly column for Engineering News. He also writes regularly for other publications in and outside South Africa.


He has written book chapters, policy briefs and research papers on the following topics:


  • The one party state in Africa and lessons for South Africa
  • The re-alignment of opposition politics in South Africa
  • The implications of the Jacob Zuma corruption trial for the South African criminal justice system.
  • The performance of the public service
  • Development at local level


Matshiqi has also given lectures at the National Defence Collge on South Africa, the UN Security Council and the International Balance of Forces. His services as a political analyst are used by academic institutions, research institutions, foreign embassies, political parties and private companies such as: Morgan Stanley ,Merrill Lynch, Anglo American, Lonmin, Anglo Platinum, Sun International, priceWaterHouseCoopers, KPMG, Vantage Capital, Goldman Sachs, First Rand, FNB, Nedgroup Investments, Nedbank, Kagiso Securities, Thebe Securities, JP Morgan, Rand Merchant Bank, Stanlib, Bureau for Economic Research (Stellenbosch), Engen, PPC Cement, TSB Sugar Holdings, ABSA, Macquarie, The Gordon Institute of Business Science, The National Defence College, EDCON, Standard Bank, Hollard, Momentum, Microsoft and Allan Gray. Matshiqi is currently writing a book on the ANC. In November 2012 Matshiqi’s e-book, The Zuma Moment and the Road to Mangaung, was published and it is available on and on Kindle books.



Technical Analyst 

Costa is the Technical Analyst at Lefika Securities. Since joining our team in 2010, the research undertaken by Costa involves servicing institutional based client with top down market strategies, and together with the Quest research valuation tool to generate both value and momentum investment ideas for their institutional client base. The efforts involve investment strategy document that covers both JSE and global markets that they present to the institutional fund managers on a quarterly basis.


While at Lefika Securities, Costa has been rewarded by the institutional fund managers with a prestigious Financial Mail rating in the research category technical analysis, in 2011 (No 3), 2012 (No 4), 2013 (No 4), 2015 (No 2) and 2016 (No 4), 2017 (No3). He is currently the vice-chairman of TASSA (The Technical Analyst Society of Southern Africa) and is a member of IFTA (International Federation of Technical Analysts). Prior to joining Lefika Securities, Costa was employed at Consilium Securities where he spent three years heading up their institutional trading desk. Costa has been an institutional equity trader for the past sixteen years of his career, and is a registered trader with the JSE. He started his institutional career as an equity sales trader back in 2000 with Legae Securities, and then as a technical analyst in 2004. In 2006 he received his first Financial Mail rating as an analyst.



Independent Political Analyst

Justice Malala is a renowned South African political commentator, newspaper columnist and best-selling author. Malala writes regular weekly columns for The Times newspaper and the Financial Mail magazine. His latest book, We Have Now Begun Our Descent, reached number one on the South African best-seller lists in 2015/2016 and was in the top ten for more than seven months.


He is the resident political analyst for and eNews Channel Africa. He also presents a weekly political talk show (The Justice Factor on eNCA, Mondays at 9.30pm).