South Africa’s progress toward a Government of National Unity has hit a significant roadblock, with the 16 members of the ANC and DA negotiating teams regularly reaching impasses.
Lisette IJssel de Schepper, chief economist at the Bureau for Economic Research , said that markets expected President Cyril Ramaphosa to announce the cabinet of the seventh administration during this past week. According to Bloomberg, the ANC initially offered the DA three ministries, while the DA requested 12, as well as the position of Deputy President or Minister in the Presidency.
However, the ANC then retracted the Minister of Trade, Industry and Competition offer as it is part of the economic cluster, instead offering Tourism to the DA.
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