Reported 8 months ago
Following the agreement of South African political parties to form a government alliance after elections, parties are gearing up for a battle over cabinet positions. President Cyril Ramaphosa's African National Congress and its major rival, the Democratic Alliance, are expected to dominate key posts in the next administration. Investors are watching closely for signs of economic reforms under a more centrist-leaning government, with the currency and stocks reacting positively to the coalition government's potential for growth-friendly policies. The new cabinet's structure and policies are crucial for addressing economic challenges like slow growth and high unemployment, with the inauguration ceremony scheduled for Wednesday.
Source: YAHOO