Ramaphosa Begins Second Term Leading South Africa's First Coalition Government

After losing its parliamentary majority, the ANC has joined forces with opposition parties to address the country's deep inequalities and economic challenges.

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.

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