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South African Unions Adamant Ramaphosa Must Retain Presidency

    • ANC in talks with rivals after losing parliamentary majority
    • Any deal must enable party to uphold its pledges, Cosatu says
South African Unions Adamant Ramaphosa Must Retain Presidency

South Africa’s most powerful labor union federation, which is allied with the African National Congress, said any coalition deal struck by the party after its disastrous election performance last week must ensure President Cyril Ramaphosa retain his post and its manifesto pledges are upheld.

The ANC has been thrown into disarray after winning just 40.2% of votes cast on May 29, ceding its majority for the first time in 30 years. That performance leaves it facing a choice between an arrangement with its bitter rival, the centrist Democratic Alliance, or working with populist parties whose policies and public statements have alarmed investors.

 

Author: Editors Desk

Source: Bloomberg

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