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South Africa forms historic unity government, reelects Ramaphosa

June 14, 2024

John Haltiwanger

and

Sophia Burke

South African President Cyril Ramaphosa and Pemmy Majodina of the ANC attend a swearing-in ceremony into the National Assembly in Cape Town, South Africa June 14, 2024.

Nic Bothma/Reuters

South Africa officially has a unity government, marking a historic shift in the political makeup of the Rainbow Nation.

The African National Congress, which lost its 30-year outright majority in last month's election, reached an agreement Friday to form a coalition with the Democratic Alliance, its primary rival. The lawmakers also reelected South Africa’s President Cyril Ramaphosa.

“Today, South Africa is a better country than it was yesterday. For the first time since 1994, we've embarked on a peaceful and democratic transfer of power to a new government that will be different from the previous one,” said DA leader John Steenhuisen.

The coalition also includes the Inkatha Freedom Party, but former President Jacob Zuma’s uMkhonto weSizwe, or MK party, despite winning 15% of the vote, boycotted negotiations – as did the left-wing Economic Freedom Fighters.

Given the makeup and opposition to this fragile coalition, this is the dawn of an uncertain political era for the country. We’ll be keeping an eye on whether these unlikely legislative partners manage to hold the coalition together.

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October 23, 2024, Kamagaya, Japan - Japanese Prime Minister and leader of the ruling Liberal Democratic Party (LDP) Shigeru Ishiba reacts to his supporters after he delivered a campaign speech for his party candidate Hisashi Matsumoto for the general election at Kamagaya in Chiba prefecture, suburban Tokyo on Wednesday, October 23, 2024.

(photo by Yoshio Tsunoda/AFLO)

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Global economy at risk if Middle East conflict expands, says World Bank's Ayhan Kose

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While the global economy shows signs of growth and decreasing inflation, the near future involves risks, including the escalation in the Middle East impacting oil prices, strained China-US relations, and an increasingly challenging tariff and trade environment, said Ayhan Kose, World Bank Deputy Chief Economist. He discussed the geopolitical tensions influencing the global economy with GZERO's Tony Maciulis at the IMF and World Bank Annual Meetings in Washington, DC, in a GZERO Global Stage interview.

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Canada's Prime Minister Justin Trudeau shakes hands with Indian Prime Minister Narendra Modi after the family photo with invited guests at the G7 summit in Biarritz, France, August 25, 2019.

REUTERS/Carlos Barria

The US alleges that an Indian intelligence official was involved in the plot to murder the Sikh separatist, an allegation that follows the killing of Hardeep Singh Nijjar, also a Sikh activist, in Canada last year

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South Africa forms historic unity government, reelects Ramaphosa

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