Cabinet of South Africa
2024 - 6 - 27South Africa Cabinet Chaos: Rand Plummets Amid Discord Over Posts
DA -- Democratic Alliance Cabinet negotiations - Cyril Ramaphosa - Political landscape - South Africa - South African rand - DA - Democratic AllianceChaos in South Africa's political landscape as rand takes a hit over cabinet disputes. What's causing the stir? Find out here!
The political scene in South Africa has been nothing short of chaotic, with the South African rand taking a sharp nosedive amidst reports of discord over cabinet posts. Traders were left spooked by local media reports, leading to a frenzy in the financial markets. As talks within the GNU hit deadlock and the ANC's revised cabinet offer faces resistance, uncertainty looms over the country's leadership structure. President Cyril Ramaphosa's unity government is at the center of the storm, with delays in cabinet announcements fueling further angst among investors.
With tensions escalating, Cyril Ramaphosa's recent talks with the Democratic Alliance (DA) only added to the turmoil. The withdrawal of trade offers and disagreements in coalition talks have left the political arena in disarray, impacting the rand's value. As the country eagerly awaits the new cabinet lineup, all eyes are on Ramaphosa's next moves. With market indices dipping and political talks heating up, the pressure mounts for a resolution.
In the midst of the chaos, interestingly, Ramaphosa's discussions with the DA have been met with challenges, reflecting the intricate nature of forming a coalition cabinet. Additionally, the ANC's withdrawal of a trade offer has further complicated the already delicate negotiations. As the situation unfolds, South Africa remains on edge, awaiting the outcome of the turbulent cabinet talks.
As the country grapples with political uncertainty, the stakes are high for Ramaphosa's cabinet composition, signaling potential shifts in the economic and power dynamics of South Africa. With the rand slipping and market volatility on the rise, the impact of these negotiations reaches far beyond the political realm, affecting the country's financial stability and investor confidence.
South African rand drops on news report of discord over cabinet posts (CNBCAfrica.com)
JOHANNESBURG, June 27 (Reuters) – The South African rand fell sharply on Thursday as traders were spooked by a local media report that there was a major ...
GNU talks hit yet another deadlock as ANC's revised Cabinet offer ... (Daily Maverick)
In the latest development in South Africa's political landscape, the ANC and the DA have yet to reconcile their differences over Cabinet positions in the ...
South African rand weakens as focus still on cabinet announcement (Reuters)
The South African rand was weaker in the early session on Thursday, as traders awaited more details on the composition of President Cyril Ramaphosa's unity ...
Rand resumes losses as South Africa cabinet delay fuels angst (Moneyweb.co.za)
The rand fell 0.8% to R18.31 per US dollar as of 10:20 a.m. in Johannesburg, after trading as low as R18.35.
Cabinet update: why GNU negotiations are on shaky ground (BusinessTech)
It has been over a week since Cyril Ramaphosa was sworn in as President of South Africa on 19 June, however he has been the seventh administration's sole ...
Cabinet talks stall after ANC withdraws trade offer (Moneyweb.co.za)
The rand has whipsawed in recent days on speculation that talks between the ANC and the centrist DA have either moved closer to an agreement or further ...
Cyril Ramaphosa hits out at John Steenhuisen in South Africa ... (BBC News)
South Africa's main coalition partners are at loggerheads just weeks after agreeing to share power, as President Cyril Ramaphosa accuses Democratic Alliance ...
South African rand drops on reported discord over cabinet posts (Investing.com)
Business Day said Ramaphosa retracted the offer of the ministry position after top ANC officials argued at a meeting on Wednesday that it would result in the DA ...
Ramaphosa holds talks with Democratic Alliance after its threat to ... (Financial Times)
South African president and pro-business party's John Steenhuisen seek to resolve dispute over cabinet posts.
South African Rand Slips As Unity Government Takes Shape (Finimize)
Investors eye President Ramaphosa's cabinet composition and upcoming economic data, weighing options in a shifting political landscape.
South Africa's coalition cabinet talks are disrupted by disagreements ... (Semafor)
Coalition talks between the country's biggest parties are plunged into jeopardy.
South Africa Cabinet Talks Stall After ANC Pulls Trade Offer (Livemint)
Talks between South Africa's two biggest political parties on forming a cabinet stalled after the African National Congress withdrew an offer to appoint a ...
South Africa Awaits New Cabinet As Political Talks Heat Up (Finimize)
Tension builds with the South African rand slipping and market indices dipping, all eyes on Ramaphosa's upcoming cabinet announcement.
South African rand weakens as focus still on cabinet announcement (XM)
JOHANNESBURG, June 27 (Reuters) - The South African rand was weaker in the early session on Thursday, as traders awaited more details on the composition of President Cyril Ramaphosa's unity government cabinet, which is expected this week.
South African rand drops on reported discord over cabinet posts (Reuters)
The South African rand fell sharply on Thursday after media reports of a major disagreement between the pro-business Democratic Alliance (DA) party and ...
South African rand gains as cabinet announcement wait drags on (Reuters Africa)
The South African rand clawed back some losses in early trade on Friday, as the wait for the announcement of President Cyril Ramaphosa's unity government ...
South Africa's DA still committed to cabinet negotiations - source (Reuters)
South Africa's Democratic Alliance (DA) party resolved at a meeting of its Federal Executive on Thursday to continue negotiations with President Cyril ...
South Africa's DA Still Committed to Cabinet Negotiations - Source (U.S. News & World Report)
By Wendell Roelf. CAPE TOWN (Reuters) -South Africa's Democratic Alliance (DA) party resolved at a meeting of its Federal Executive on Thursday to continue ...
DA to continue talks with ANC amid dispute over Cabinet posts (Daily Maverick)
The DA's Federal Executive will continue negotiations with the ANC about the composition of the government of national unity despite major differences.
South African rand rallies on hope DA and ANC can agree on ... (Reuters)
The South African rand rallied on Friday on optimism that the Democratic Alliance (DA) and African National Congress (ANC) would reach an agreement over ...
South Africa's Ramaphosa, DA Leader Steenhuisen Near Deal on ... (Bloomberg)
President Cyril Ramaphosa, the head of the African National Congress, and Democratic Alliance leader John Steenhuisen met on Friday to resolve an impasse over ...
South African markets suffer amid Cabinet delay concerns (BizNews)
Optimism over South Africa's recent elections is waning due to delays in forming President Ramaphosa's Cabinet, sparking investor concerns.
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