TIISETSO MOTSOENENG: Push and pull stops autocratic leanings
The ANC -DA friction acts as a check, preventing unilateral actions and ensuring policies emerge battle-tested
The ANC and DA have found common ground (https://www.businesslive.co.za/bd/national/2024-06-30-ramaphosa-announces-expanded-gnu-cabinet/) — a historic, harmonious chord struck in the halls of power. The tension that once gripped the political terrain has yielded to compromise, and a cabinet deal has been reached. The duo and smaller political parties have navigated the twisting corridors of coalition politics in give-and-take negotiations that have led to a shared vision for governance.
The forex market, once jittery, now recalibrates. The rand, the depreciation of which is often dismissed by politicians as a mere inconvenience, in a folly that ignores the reality that vulnerable populations suffer disproportionally as a result, traded almost 1% stronger on Monday. Sensing opportunity, the stock market — home to trillions of rand pension funds, unit trusts and other investments for millions of South Africans — inched upward with the JSE all-share rising more than 1%...
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