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Opposition "Moonshot Pact" Under Pressure Over Comments Re: Potential Cooperation W/ANC

SOUTH AFRICA
  • Tensions are simmering between members of the opposition "Moonshot Pact" aiming to oust the ruling African National Congress (ANC). ActionSA issued an ultimatum to the Democratic Alliance (DA) and the Inkatha Freedom Party (IFP) to publicly rule out teaming up with the ANC if the next election returns hung parliament or see it exit the pact. This came after DA leader John Steenhuisen said that he would be ready to talk with the ANC to avert a "doomsday scenario" involving the participation of the radical Economic Freedom Fighters (EFF) in the next government, while IFP leader Velenkosini Hlabisi said that his party might consider entering a "grand coalition" including the ANC.
  • The Independent Electoral Commission (IEC) asked the Constitutional Court to review the Electoral Court's decision to allow ex-President Jacob Zuma to run in the upcoming parliamentary election. It is unclear if the apex court will be able to reach a verdict before the election.
  • South African Reserve Bank (SARB) Governor Lesetja Kganyago defended its stance on inflation, arguing that focusing on the +4.5% Y/Y mid-point of the target range is the right thing to do, even as it raises the risk of keeping rates higher for longer.
Political Risk BulletEM BulletHomepageBulletPolitical RiskEmerging Market News
Political Risk BulletEM BulletHomepageBulletPolitical RiskEmerging Market News

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