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The Rachman Review
Can South Africa’s national unity government succeed?
Jun 20, 2024
FT journalist Monica Mark and Biznews.com's Alec Hogg discuss South Africa's power-sharing government under President Ramaphosa, focusing on economic renewal, investment, and the challenges facing the country. They analyze the implications of coalition government, the roles of political parties like EFF and MK, internal dynamics of the ANC, and South Africa's economic future amidst adversity.
23:44
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Quick takeaways
- The exclusion of radical parties from South Africa's coalition government brings relief to investors and business, but stability concerns persist.
- The coalition government faces challenges in balancing differing ideologies, such as ANC's stance on minimum wage conflicting with DA's free market beliefs.
Deep dives
New Coalition Government in South Africa
After recent elections in South Africa, a coalition government was formed, involving the African National Congress (ANC) and the pro-business Democratic Alliance, among other smaller parties. This coalition marks a significant shift as it excludes radical parties like the Economic Freedom Fighters (EFF) and the MK party led by former president Jacob Zuma. The exclusion of these radical parties has been met with relief by investors and the business community, although concerns about future stability remain.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode