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EFF Deputy Pres-Party Won't Go Into Gov't w/DA Or FF+

SOUTH AFRICA
Political Risk BulletEM BulletHomepagemarkets-real-timeBulletEmerging Market NewsPolitical Market News

Edited to remove faulty website link. Wires reporting comments from Deputy President of the extreme-left Economic Freedom Fighters (EFF), Floyd Shivambu, stating that “We’re not going to sit alongside the Democratic Alliance [DA} and Freedom Front Plus [FF+] in government as the Economic Freedom Fighters, and we’re not desperate for positions in government,”. These comments would seem to put another nail in the coffin of the 'gov't of national unity' (GNU) proposed by the governing African National Congress (ANC).

  • Earlier today, DA spox Werner Horn said that in relation to the prospect of the EFF, far-right anti-immigrant Patriotic Alliance (PA) or Jacob Zuma's MK Party in gov't that “...even the smallest inclusion of those three parties, well, in terms of the current resolution of the federal executive, it will be very difficult, if not impossible, for us to be included.”
  • The idea of a GNU with the DA, EFF, and MK directly involved appears dead on arrival. There is the prospect of parties supporting such an arrangement in a confidence and supply agreement, but even this may be too much of a push given the animosity between the centrist DA and the far-left EFF and MK.
  • With the prospect of a GNU receding, the ANC could be forced back to the diametrically-opposed options of a deal with the liberal DA, or an agreement with EEF and/or MK that risks a market backlash and could see President Cyril Ramaphosa removed.
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Edited to remove faulty website link. Wires reporting comments from Deputy President of the extreme-left Economic Freedom Fighters (EFF), Floyd Shivambu, stating that “We’re not going to sit alongside the Democratic Alliance [DA} and Freedom Front Plus [FF+] in government as the Economic Freedom Fighters, and we’re not desperate for positions in government,”. These comments would seem to put another nail in the coffin of the 'gov't of national unity' (GNU) proposed by the governing African National Congress (ANC).

  • Earlier today, DA spox Werner Horn said that in relation to the prospect of the EFF, far-right anti-immigrant Patriotic Alliance (PA) or Jacob Zuma's MK Party in gov't that “...even the smallest inclusion of those three parties, well, in terms of the current resolution of the federal executive, it will be very difficult, if not impossible, for us to be included.”
  • The idea of a GNU with the DA, EFF, and MK directly involved appears dead on arrival. There is the prospect of parties supporting such an arrangement in a confidence and supply agreement, but even this may be too much of a push given the animosity between the centrist DA and the far-left EFF and MK.
  • With the prospect of a GNU receding, the ANC could be forced back to the diametrically-opposed options of a deal with the liberal DA, or an agreement with EEF and/or MK that risks a market backlash and could see President Cyril Ramaphosa removed.