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SOUTH AFRICA: DA Leader Plays Down Potential For Coalition Exit Over BELA Bill

SOUTH AFRICA
  • Democratic Alliance (DA) leader John Steenhuisen played down the severity of his party's conflict with the African National Congress (ANC) over the controversial Basic Education Laws Amendment (BELA) Bill, suggesting that it was "not necessarily an existential threat" to the government of national unity (GNU). Steenhuisen said that the DA would not leave the governing coalition unless the GNU took disastrous economic decisions or compromised the constitutional order. The leader noted that the alternative would be to "hand the country over to the breakers," namely the radical EFF and MK parties. Separately, President Cyril Ramaphosa, who is due to sign the education bill into law today, told lawmakers that all coalition leaders confirmed to him that "the GNU is here to stay." The potential for an amicable resolution to this week's conflict between key GNU members was positive news for local markets.
  • Electricity and Energy Minister Kgosientsho Ramokgopa said that nuclear power is part of South Africa's energy mix and the development of 2,500 MW of new nuclear energy generation as part of the transition to cleaner energy sources remains firmly on the table.
  • The National Treasury holds an auction for inflation-linked bonds today.
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