South Africa’s New Unity Government Strengthens Ties with Business Community

President Ramaphosa emphasizes stronger collaboration between government and business for economic recovery.

South African President Cyril Ramaphosa has emphasized the importance of fostering closer ties between the country’s new 10-party unity government and the business community, highlighting the potential positive outcomes for the nation’s economy.

The president’s remarks come as the country shifts toward a more business-friendly approach following the African National Congress (ANC) losing its parliamentary majority in the May 29 elections. For the first time in three decades, a coalition government of national unity was formed to lead South Africa, signaling a new era of governance aimed at revitalizing the economy through increased collaboration with private sector leaders.

Source: https://www.bloomberg.com/news/articles/2024-08-28/south-africa-s-ramaphosa-lauds-closer-government-business-ties

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