South African Rand Dips as Markets Await New Cabinet Formation
The South African rand experienced a 0.9% decline, anticipating President Cyril Ramaphosa’s new cabinet lineup. The drop is linked to concerns over political friction within the coalition government and a technical market correction. The ANC now must balance political inclusivity with economic priorities to stabilize investor confidence.
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DA Challenges Ramaphosa's Pre-Election Speech in Electoral Court
The Democratic Alliance (DA) has taken legal action against President Cyril Ramaphosa, alleging that his pre-elections national address violated the Electoral Act. The DA is seeking a reduction in votes for the ANC and a substantial fine against Ramaphosa for purportedly using public resources to campaign.
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