Reported 7 months ago
South Africa's main political rivals are close to finalizing an agreement to establish a new government after a surprising election outcome that saw the African National Congress lose its parliamentary majority. Talks between the ANC and the Democratic Alliance are progressing, with potential positive market implications as the business-friendly DA's involvement could assist President Cyril Ramaphosa in addressing economic challenges. The new parliament is set to vote for president on Friday, with ongoing discussions to address remaining issues such as the DA's request for a written agreement.
Source: YAHOO