(Bloomberg) -- South Africa’s African National Congress said it’ll seek to form a government of national unity that includes several rivals, a system last...
-- South Africa ’s African National Congress said it’ll seek to form a government of national unity that includes several rivals, a system last instituted when the party first took power under Nelson Mandela three decades ago.Billionaire-Friendly Modi Humbled by Indians Who Make $4 a DayThe ANC, which has ruled since taking power in the nation’s first multiracial election three decades ago, is being forced to seek coalition partners after last week’s election failed to produce an outright winner.
The DA will await further comment by the EFF on Ramaphosa’s proposals before deciding on its own response, party officials said, asking not to be identified because they’re not authorized to speak to the media. Its leadership is due to meet on Saturday, while the EFF’s leader Julius Malema will address the media later on Friday.
“Markets may be concerned about the inclusion of the EFF, but the ANC and DA have the numerical strength to vote against potentially unproductive left-leaning policy proposals,” Barclays Plc Economist Michael Kafe said in a research note on Friday. DA leader John Steenhuisen has previously ruled out working with either the EFF or MKP, which both favor nationalizing mines and banks, while Zuma’s party has said it will only work with the ANC if Ramaphosa is replaced — a condition that’s been rejected outright. Malema has said the EFF would prefer to enter a coalition.
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Nelson Mandela Bloomberg African National Congress South Africa Inkatha Freedom Party EFF President Jacob Zuma National Executive Committee Government Of National Unity Economic Freedom Fighters Julius Malema
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