Reported 6 months ago
South African President Cyril Ramaphosa is urged by his party allies to consider a coalition with the Democratic Alliance following a significant election loss, amidst alternative proposals to align with former President Jacob Zuma's party and the Economic Freedom Fighters. Investors prefer a tie-up with the Democratic Alliance, and the final election results will play a crucial role in determining the shape of the next government. The uncertainty has caused disruptions in South African assets, with the rand fluctuating. Ramaphosa's allies express concerns over the Democratic Alliance's foreign policy stance, while a potential ANC-DA alliance may include the Inkatha Freedom Party for stability. Various scenarios are discussed regarding potential alliances and their implications on governance and foreign policy positions.
Source: YAHOO