Open figure viewer
Significance
Despite long-standing criticisms of bloated government, the new Government of National Unity (GNU) comprises 32 ministers and 43 deputy ministers (up from 30 and 36, respectively). Moreover, despite its massive electoral losses, the ANC has retained a disproportionate share of cabinet posts and most key ministries.
Impacts
The Democratic Alliance’s exclusion from Gauteng’s provincial cabinet may undermine cooperation at the national level.
Initial favourable currency movements prompted by the GNU have been tempered by tensions over cabinet posts.
Equity and bond gains have so far proved robust, but GNU tensions may temper them too.
Keywords:
South Africa,
AF,
economy,
politics,
social,
agriculture,
election,
government,
health,
labour,
opposition,
party,
reform,
regional
© Oxford Analytica 2024. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2024
You do not currently have access to this content.
