* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, May 2, 2026
Earth-News
  • Home
  • Business
  • Entertainment

    Melco Resorts’ Margin Rebound Challenges Optimistic Earnings Expectations

    Peacock Takes Flight: United Unveils Exciting New Inflight Entertainment Channel

    Discover the Top Indie Movies You Can’t Miss in Seattle This May 2026

    Discover the Best Live and Local Entertainment This Week!

    Ballet Arkansas Debuts ‘Origins’ in North Little Rock as Helena Comes Alive with Jazz on the River

    Eye on Entertainment | Entertainment | news8000.com – news8000.com

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology

    Student’s Malicious Software Sparks Major Tech Disruption in Kentwood Schools

    2026 Technology Roundtable: Unveiling the Future of Supply Chain Innovation

    Solar Fab-Tech USA 2026: Powering the Future of Solar Innovation and Manufacturing

    How High Can This Technology Rally Soar?

    Chinese Green Technology Raises National Security Concerns for Europe, Report Warns

    TSS Names Chief Strategy Officer and Chief Technology Officer to Expand AI Infrastructure Push – citybiz

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment

    Melco Resorts’ Margin Rebound Challenges Optimistic Earnings Expectations

    Peacock Takes Flight: United Unveils Exciting New Inflight Entertainment Channel

    Discover the Top Indie Movies You Can’t Miss in Seattle This May 2026

    Discover the Best Live and Local Entertainment This Week!

    Ballet Arkansas Debuts ‘Origins’ in North Little Rock as Helena Comes Alive with Jazz on the River

    Eye on Entertainment | Entertainment | news8000.com – news8000.com

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology

    Student’s Malicious Software Sparks Major Tech Disruption in Kentwood Schools

    2026 Technology Roundtable: Unveiling the Future of Supply Chain Innovation

    Solar Fab-Tech USA 2026: Powering the Future of Solar Innovation and Manufacturing

    How High Can This Technology Rally Soar?

    Chinese Green Technology Raises National Security Concerns for Europe, Report Warns

    TSS Names Chief Strategy Officer and Chief Technology Officer to Expand AI Infrastructure Push – citybiz

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

ANC coalition crossroads: From free-marketeers to Marxists

June 6, 2024
in Business
ANC coalition crossroads: From free-marketeers to Marxists
Share on FacebookShare on Twitter

In the wake of South Africa’s landmark election, the African National Congress faces a pivotal juncture. Struggling with a loss of parliamentary majority, internal debates are rife over coalition prospects with diverse ideological factions. Amidst economic woes and societal unrest, options range from market-friendly alliances to ideological compromises with Marxist and populist groups. As the nation teeters on the brink of political transformation, the ANC’s decisions will shape South Africa’s future trajectory.

Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.

By Nellie Peyton

The African National Congress was holding high-stakes internal talks on Tuesday about which parties it should approach to form South Africa’s next government, with diametrically opposed Marxists and free-marketeers on the menu of options.

After 30 years of dominance since Nelson Mandela led it to power in the 1994 elections that marked the end of apartheid, the ANC lost its majority in last week’s national vote. It remains the largest party but can no longer govern alone.

Voters punished the former liberation movement for high levels of poverty, joblessness and inequality, rampant crime, rolling power cuts and corruption – problems that have held South Africa back and will challenge the next government.

It will have 159 seats out of 400 in the new National Assembly, while the free-marketeer Democratic Alliance (DA) will have 87. The populist uMkhonto we Sizwe (MK) will have 58 seats, the Marxist Economic Freedom Fighters (EFF) 39, the socially conservative Inkatha Freedom Party (IFP) 17 and the far-right Patriotic Alliance (PA) nine.

“The ANC is still trying to make up its mind about what it wants to do,” said Charles Cilliers, co-founder and head of strategy for the PA, which calls for the mass deportation of undocumented immigrants and the return of the death penalty.

“Everyone is reliant on the ANC coming to a decision. There’s a lot of pressure on them from big money, from big business in South Africa, to work with the DA,” he told Reuters.

The DA presents itself as a champion of business and free-market economics and favours scrapping some of the ANC’s flagship Black empowerment measures which it says have not worked.

Often accused of representing the interests of the privileged white minority, the DA rejects that label and says good governance benefits all South Africans.

The new parliament must convene by June 16 and one of its first acts will be to choose the nation’s president. As things stand, that looks likely to be the incumbent, ANC leader Cyril Ramaphosa, although he may come under pressure to quit or prepare for a succession given his party’s poor showing.

A working committee of 27 ANC officials was due to meet on Tuesday to draw up a menu of options to present to the party’s National Executive Committee (NEC) on Wednesday.

SCENARIOS

The Daily Maverick, a South African news website, published details from three internal ANC discussion documents it said it had obtained, outlining scenarios.

According to one of those documents, the preferred option was a confidence-and-supply agreement in which the ANC would hold executive power, with some positions for the IFP, while the DA would have the upper hand in parliament, holding the Speaker’s seat and powerful committee positions.

Under that scenario, the DA and IFP would agree to support the ANC minority government on key votes such as the budget or any confidence motions, in exchange for policy concessions and involvement in the legislative process.

The second-best option, according to the document, was a coalition government incorporating the ANC, DA and IFP. The document said this would risk alienating some ANC supporters and that finding enough common ground on policy would be a challenge.

The least good option, according to the document, was a government of national unity bringing in a much wider array of parties. It said this would carry the risk of instability and collapse, or that one or more parties withdraw, leaving the ANC in effect in a coalition with the EFF and MK parties.

An ANC spokesperson declined to comment on the content of the Daily Maverick report.

An alliance between the ANC and either the EFF or MK has been described as the “doomsday scenario” by the DA, and would be seen as very alarming by financial markets and foreign investors.

The EFF, led by Julius Malema, a firebrand former leader of the ANC’s youth wing who broke away from the party, advocates nationalising mines and banks and seizing land from white farmers to redistribute it to Black farmers.

MK, which performed surprisingly strongly especially in Zuma’s home province of KwaZulu-Natal, also advocates land seizures and nationalisations, as well as scrapping the constitution and introducing a parliamentary chamber made up of traditional rulers.

The party is seen by many analysts as a vehicle for Zuma to seek revenge on the ANC, his former party, after he was forced to quit as president in 2018 following a string of corruption scandals. He has since become an implacable enemy of Ramaphosa.

All of the opposition parties have been vitriolic in their denunciations of the ANC during the election period and inter-party talks are expected to be very challenging. 

Read also:

Coalition consideration: Time for the DA to enter the fray – John Endres
Post-election turmoil: Uncertainty grips markets as coalition talks begin
🔒 FT: ANC weighs coalition options after crushing SA election blow

SOURCE: REUTERS

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : BizNews – https://www.biznews.com/sarenewal/2024/06/05/anc-coalition-crossroads

Tags: businessCoalitioncrossroads
Previous Post

Election ’24: Navigating the era of coalition politics in SA – Katzenellenbogen

Next Post

The United States fears unstable coalition rule in SA…

U.S. National Debt Surpasses 100% of GDP for the First Time

May 2, 2026

Melco Resorts’ Margin Rebound Challenges Optimistic Earnings Expectations

May 2, 2026

Michigan League of Conservation Voters Exposes Utilities’ $156K+ Political Campaign Spending

May 2, 2026

Student’s Malicious Software Sparks Major Tech Disruption in Kentwood Schools

May 2, 2026

Uniting for Fair Play: Harnessing the Power of the Sport & Rights Alliance

May 2, 2026

Experience the Future: OMODA & JAECOO Ecosystem Pavilion Launches in Wuhu, Revolutionizing Global User Connectivity

May 1, 2026

Step Inside Detroit: Navigate the Giant Cardboard Maze Inspired by Iconic City Landmarks

May 1, 2026

NASA Aircraft Uncovers the Tiny Particles That Shape Our Atmosphere

May 1, 2026

What is an ‘Invisible Day?’ Psychologist explains the mental health benefits – ClickOnDetroit | WDIV Local 4

May 1, 2026

Think Sunglasses Are Just Fashion? Uncover the Surprising Benefits They Offer You!

May 1, 2026

Categories

Archives

May 2026
M T W T F S S
 123
45678910
11121314151617
18192021222324
25262728293031
« Apr    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (1,195)
  • Economy (1,217)
  • Entertainment (22,092)
  • General (21,282)
  • Health (10,248)
  • Lifestyle (1,226)
  • News (22,149)
  • People (1,216)
  • Politics (1,235)
  • Science (16,430)
  • Sports (21,714)
  • Technology (16,200)
  • World (1,206)

Recent News

U.S. National Debt Surpasses 100% of GDP for the First Time

May 2, 2026

Melco Resorts’ Margin Rebound Challenges Optimistic Earnings Expectations

May 2, 2026
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version