SA in political limbo: Will ANC rivals agree to unity government?
South Africa is in political uncertainty after the May 29 elections left the ruling African National Congress (ANC) without a majority. The ANC, in power since 1994, seeks to form a coalition government, but potential partners from across the political spectrum are reluctant to collaborate. This deadlock has spooked investors, leading to a selloff in bonds and stocks. Key policy issues include welfare grants, land reform, and national health insurance.
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By Mike Cohen
South Africa is in political limbo after May 29 elections failed to produce an outright majority.
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