GNU South Africa

2024 - 6 - 18

South Africa's New Government of National Unity (GNU) - What You Need to Know!

dollar rand -- rand dollar African National Congress - Cyril Ramaphosa - Democratic Alliance - Economic Growth - GOOD - Government of National Unity - Inkatha Freedom Party - JPMorgan - Market Stability - Patriotic Alliance - South Africa - dollar rand - rand dollar

Exciting news in South African politics! Find out about the new GNU and the market reactions.

South Africa's political landscape has been abuzz with the formation of a new Government of National Unity (GNU) after recent elections. Led by the African National Congress (ANC), the coalition now boasts five key members, including the Democratic Alliance (DA), Inkatha Freedom Party (IFP), Patriotic Alliance (PA), and GOOD. This diverse coalition marks a significant shift in governance in South Africa.

The establishment of the GNU has received positive feedback from the South African markets, with the rand rallying towards R18 against the dollar. Investors and analysts are optimistic about the stability and progress this coalition government is expected to bring to the country. The ANC, as the leading party in the coalition, has welcomed the support of the other signatory parties, emphasizing unity and progress as core values.

Market reactions to the GNU have been highly favorable, with JPMorgan even upgrading South Africa from underweight to overweight. The Johannesburg Stock Exchange (JSE) and the rand have experienced a significant rally, reflecting the confidence in the GNU as a post-election outcome. The shift towards a coalition government has been seen as a positive move for the country's economic and political landscape.

In a surprising twist, some political parties, notably the SACP, advocated for a minority government with GNU features excluding the Democratic Alliance. Despite differing views on the composition of the GNU, the overall consensus is one of optimism and hope for a brighter future for South Africa. As the nation moves towards unity and progress, the formation of the GNU signals a new chapter in South Africa's political history.

**Interesting Fact:** The formation of the GNU marks a significant departure from the traditional single-party rule in South Africa.

**Interesting Fact:** The market's positive reception of the GNU showcases the confidence in the country's political stability and economic growth prospects.

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Image courtesy of "BizNews"

South Africa's new GNU now has five members, ANC says (BizNews)

South Africa's new government, formed after recent elections, features a coalition led by the African National Congress (ANC).

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Image courtesy of "BusinessTech"

Government of National Unity now has a supermajority in South Africa (BusinessTech)

The African National Congress (ANC), Democratic Alliance (DA), Inkatha Freedom Party (IFP), Patriotic Alliance (PA) and GOOD have thus far signed the ...

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Image courtesy of "Daily Maverick"

SA markets give GNU a thumbs up as rand rallies toward R18/dlr (Daily Maverick)

GNU perception: A's markets rallied on Tuesday as the formation of a government of national unity has allayed political jitters — for now.

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Image courtesy of "SABC News"

GNU sees South African markets in positive frame - SABC News ... (SABC News)

These parties will include the ANC, DA, IFP, GOOD and the PA. The seamless process saw the rand during the day trade at around R18.06 against the dollar. Stocks ...

ANC welcomes party signatories to the 2024 Government of ... (Polity.org)

In the spirit of our nation's enduring struggle for equality and progress, the African National Congress (ANC) proudly announces the formation of a ...

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Image courtesy of "News24"

JPMorgan double upgrades SA to 'overweight' as JSE, rand rally on ... (News24)

The US banking giant has upgraded SA from underweight to overweight on bets that the GNU is the best post-election outcome for the country.

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Image courtesy of "Independent Online"

GNU: Auction of the revolution to market forces and a move to the right (Independent Online)

It is common knowledge that the ANC's strategic allies, particularly the SACP, argued for a minority government with GNU features that exclude the DA and ...

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Image courtesy of "Xinhua"

5 political parties to participate in South Africa's national unity ... (Xinhua)

JOHANNESBURG, June 18 (Xinhua) -- The African National Congress (ANC) said Monday that a total of five political parties have officially signed a statement of ...

GNU SA could have better economic prospects than Broken Britain (Daily Maverick)

It is arguably easier to imagine the South African economy recovering from years of load shedding and State Capture and returning to 3% GDP growth than a ...

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Image courtesy of "Independent Online"

Out with the old, in with the GNU (Independent Online)

Ramaphosa faces the daunting task of selecting a new Cabinet to make up the newly formed Government of National Unity (GNU) to appease all parties involved.

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Image courtesy of "Daily Maverick"

Liberalism's last stand — the GNU represents a last chance. Let's ... (Daily Maverick)

Everything we have, every political thought was begged, borrowed or stolen from elsewhere: from warmed-over Sankarist sloganeering to anti-woke Americanisms ...

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Image courtesy of "News24"

Putting SA first and keeping GNU intact is top of mind as ... (News24)

If it were up to Cyril Ramaphosa, he would announce his Cabinet immediately after being inaugurated as state president for a second term on Wednesday.

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Image courtesy of "Financial Mail"

EDITORIAL: Markets rally to GNU dawn (Financial Mail)

Investors gave an early thumbs-up to the emerging power-sharing agreement between the ANC, DA and others.

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Image courtesy of "The African"

GNU: Auction of the revolution to market forces, a move to the right ... (The African)

Benson Ngqentsu, Provincial Secretary of the SACP, Western Cape, speaks at a Nehawu picket outside the Western Cape Legislature. Ngqentsu says it is naïve ...

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Image courtesy of "Daily Maverick"

All eyes on Ramaphosa to see who gets which Cabinet positions (Daily Maverick)

When President Cyril Ramaphosa announces his Cabinet, it will signal the seriousness of shaping the much-talked-about national unity government.

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Image courtesy of "Independent Online"

GNU Ministers: Who will be the new electricity boss in parliament? (Independent Online)

Never in the history of South Africa has the former ruling party the ANC gone into bed to share a government administration coalition with the DA, IFP and PA, ...

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Image courtesy of "eNCA"

More details on GNU expected after president's inauguration (eNCA)

As president elect Cyril Ramaphosa is set to be inaugurated on Wednesday, details on the allocation of cabinet posts are still unclear.

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Image courtesy of "TimesLIVE"

Nelson Mandela's grandson Mayibuye unhappy with Ramaphosa ... (TimesLIVE)

Nelson Mandela's grandson Mayibuye Mandela has written an open letter to President Cyril Ramaphosa expressing his disapproval of the inclusion of the DA in ...

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Image courtesy of "CNBCAfrica.com"

Investors cautiously optimistic S.Africa's new government can deliver ... (CNBCAfrica.com)

JOHANNESBURG, June 19 (Reuters) – Investors are optimistic South Africa's new unity government can deliver stable economic policies to revive growth, ...

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Image courtesy of "Daily Maverick"

Can SA's GNU please behave like the Scandinavians? (Daily Maverick)

GNU dawn: The Nordic countries all have governments which range from pale blue to pale pink. There are few extremes.

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