The Fort Worth Press - South African parties strike coalition deal

USD -
AED 3.672498
AFN 65.000261
ALL 81.533073
AMD 358.401722
ANG 1.789785
AOA 916.999868
ARS 1541.754401
AUD 1.422809
AWG 1.8
AZN 1.715223
BAM 1.754262
BBD 2.010754
BDT 123.994851
BGN 1.747831
BHD 0.376995
BIF 2999.094065
BMD 1
BND 1.280239
BOB 12.025456
BRL 5.3544
BSD 0.998309
BTN 95.006951
BWP 13.810517
BYN 2.942546
BYR 19600
BZD 2.007794
CAD 1.39826
CDF 2314.497801
CHF 0.828735
CLF 0.025054
CLP 989.301933
CNY 6.66605
CNH 6.65915
COP 3168.57
CRC 453.954273
CUC 1
CUP 23.960319
CVE 98.902577
CZK 21.85315
DJF 177.776183
DKK 6.710525
DOP 61.334505
DZD 135.412508
EGP 56.047103
ERN 15
ETB 163.677738
EUR 0.89788
FJD 2.24275
FKP 0.751792
GBP 0.750805
GEL 2.567503
GGP 0.751792
GHS 11.635281
GIP 0.751792
GMD 73.49797
GNF 8835.888903
GTQ 7.629042
GYD 209.205434
HKD 7.84651
HNL 26.802228
HRK 6.76901
HTG 130.803902
HUF 328.696495
IDR 18183
ILS 3.11695
IMP 0.751792
INR 95.228019
IQD 1513.526119
IRR 1864650.000277
ISK 121.939959
JEP 0.751792
JMD 158.350301
JOD 0.70902
JPY 158.055034
KES 129.920061
KGS 87.448009
KHR 4079.381097
KMF 442.000259
KPW 899.999961
KRW 1338.920003
KWD 0.311201
KYD 0.832018
KZT 454.497345
LAK 22469.582065
LBP 89401.597474
LKR 331.94455
LRD 169.711646
LSL 16.642972
LTL 2.95274
LVL 0.60489
LYD 6.423981
MAD 9.821192
MDL 17.970463
MGA 4535.934522
MKD 55.229912
MMK 2099.638249
MNT 3597.631144
MOP 8.067326
MRU 40.444177
MUR 47.470212
MVR 15.459736
MWK 1731.104723
MXN 18.75381
MYR 4.059596
MZN 63.896673
NAD 16.643047
NGN 1345.949727
NIO 36.73971
NOK 9.277865
NPR 152.022209
NZD 1.78277
OMR 0.384501
PAB 0.998309
PEN 3.443763
PGK 4.475938
PHP 63.878503
PKR 276.21656
PLN 3.94746
PYG 5843.547208
QAR 3.639535
RON 4.799198
RSD 105.546025
RUB 80.57679
RWF 1478.109555
SAR 3.750664
SBD 8.064705
SCR 13.854054
SDG 601.499925
SEK 9.88831
SGD 1.28162
SHP 0.750582
SLE 22.950037
SLL 20969.504398
SOS 570.559796
SRD 37.615503
STD 20697.981008
STN 21.976051
SVC 8.735469
SYP 13001.999685
SZL 16.638487
THB 33.763501
TJS 9.194224
TMT 3.51
TND 2.995112
TOP 2.40776
TRY 49.837599
TTD 6.776484
TWD 32.577014
TZS 2647.437993
UAH 45.526629
UGX 4347.533602
UYU 40.163236
UZS 11994.959121
VES 887.00815
VND 25814
VUV 119.133003
WST 2.76699
XAF 588.970444
XAG 0.019042
XAU 0.00024847375
XCD 2.70255
XCG 1.799297
XDR 0.707052
XOF 588.970444
XPF 106.970674
YER 236.174987
ZAR 16.644755
ZMK 9001.201804
ZMW 20.141626
ZWL 321.999592
SSP 5745.303054
MXV 2.114197
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

South African parties strike coalition deal
South African parties strike coalition deal / Photo: © AFP

South African parties strike coalition deal

South Africa's newly elected parliament met Friday and was expected to re-elect President Cyril Ramaphosa to form an unprecedented coalition government after his humbled ANC cobbled together a deal.

Text size:

The leader of South Africa's second largest party, John Steenhuisen of the centre-right the Democratic Alliance (DA), said it had reached an agreement with the ANC to form a multi-party coalition government

"The DA has reached agreement on the statement of intent for the formation of a government of national unity," he said, adding that the DA and the Zulu nationalist IFP would back the coalition, which they are calling a government of national unity.

"We will be supporting President Cyril Ramaphosa in his election for the president of the republic of South Africa," Steenhuisen said, during a pause in the opening session of South Africa's seventh parliament since the advent of post-apartheid democracy in 1994.

Earlier, Chief Justice Raymond Zondo had opened the first sitting, swearing in MPs in batches ahead of planned votes on the election of a speaker, deputy speaker and the president.

Members of the leftist Economic Freedom Fighters (EFF) party took the oath wearing red overalls and in some cases rubber boots and plastic construction worker helmets.

But they will not be supporting the incoming administration, having refused to countenance joining an alliance with right-wing or white-led parties.

Ramaphosa, the fifth African National Congress president in 30 years, had called for a government of national unity after his party lost its absolute majority in last month's general election.

But the EFF and other leftist parties shunned the deal.

ANC secretary general Fikile Mbalula, anticipated on Thursday that the government would "gravitate to the centre" -- backed by the DA, the Inkatha Freedom Party (IFP) and other smaller groups.

"We have reached a breakthrough on the common agreement that we need to work together," Mbalula told a news conference in Cape Town.

EFF chief Julius Malema, a former ANC youth leader who wants to nationalise land and some privately owned businesses, said his group was not ready to join hands with right-wing parties.

Graft-tainted former president Jacob Zuma's new party, uMkhonto weSizwe (MK), has disputed the May 29 election results and its MPs boycotted Friday's first sitting of the 400-member assembly.

Ramaphosa is now expected to win the secret ballot of MPs to confirm his re-election. If that happens, he would be sworn in next week in Pretoria and then unveil his new cabinet.

- Post-apartheid democracy -

For three decades since the defeat of apartheid, the late Nelson Mandela's ANC has held an absolute majority and elected a president from its own ranks.

But the former liberation movement -- weakened by corruption and recent governments' poor economic performance -- has seen support collapse, leaving it with only 159 seats.

Backing from the free market DA and its 87 MPs will secure a comfortable majority, especially with the addition of 17 more from the Zulu nationalist IFP, which is also joining the coalition.

"At the heart of this government of national unity statement is a shared respect and defence of our Constitution and the rule of law," Steenhuisen said.

The coalition agreement extended to Johannesburg's Gauteng province and KwaZulu-Natal. It included a consensus mechanism to deal "with the disagreements that will inevitably arise".

"Make no mistake about it. This is not the end of the process. And the road ahead will not be an easy one," Steenhuisen said, explaining that the two-week deadline imposed by the constitution to form a government did not leave enough time to iron out all details.

- Millionaire businessman -

A former trade unionist turned millionaire businessman, 71-year-old Ramaphosa first came to power in 2018 after Zuma was forced out under the cloud of corruption allegations.

Once described by Mandela as one of the most gifted leaders of his generation, Ramaphosa played a key role in the negotiations that brought an end to apartheid in the early 1990s.

Upon taking the reins of the country, he promised a new dawn for South Africa. But critics say he has disappointed.

Under his watch unemployment has reached an almost record high, pushing the ANC towards its worst election result ever.

C.M.Harper--TFWP