Overview

• Cyril Ramaphosa was sworn in for a second term as South African president in a public ceremony in Pretoria.
• The ANC lost its parliamentary majority for the first time since the end of apartheid, necessitating a coalition with five other parties.
• Ramaphosa emphasized the need to tackle unemployment, poverty, and inequality, acknowledging the public's discontent with the ANC's past performance.
• Investors are cautiously optimistic about the new government's potential to implement growth-friendly reforms despite ideological differences.
• Key issues for the coalition include land reform, electricity crisis solutions, and the future of affirmative action policies.