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Free AccessDA Chair Confirms GNU Deal Signed w/ANC
Helen Zille, chair of the Democratic Alliance (DA)'s federal council and former party leader, has confirmed that the DA has signed a document agreeing to the formation of a unity gov't (GNU) with the African National Congress (ANC). The announcement had been widely expected following stories about the distribution of senior positions in parliament earlier today (see 'SOUTH AFRICA: ANC, DA Reach Deal On Allocation Of Key Posts', 1007BST).
- It remains to be seen how sustainable the GNU will be in the long term, given the stark differences between the two erstwhile political adversaries. The two parties will carry a significant majority in the National Assembly, meaning that even with any defections the gov't is unlikely to collapse without major rebellions.
- The deal does mark a major milestone in South African politics. Since the end of the apartheid regime, the DA has been viewed as the party of the country's white community. The ANC, which has governed alone and uninterrupted since the end of the first GNU (1994-99), working with the DA acts as a notable signal of cooperation in a country where racial economic disparity remains acute.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.