ANC, DA coalition will bode well for the SA economy: Analyst

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SABC Specialist Economics researcher, Veli Mthiyane says an African National Congress (ANC) and Democratic Alliance (DA) coalition will bode well for the South Africa’s economy and potential future investment into the country.

“Well, there are two case scenarios here. The first one would be they will please the markets and bolster the investor confidence, which is a coalition with the Democratic Alliance. We do know that the Democratic Alliance (DA), its policies and its posture mainly resonates with the Western markets and its pro-business. So to a certain extent, if the ANC would partner with the Democratic Alliance going towards the formation of the new government, that would bring to a certain extent confidence on the economy.”

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Meanwhile, Political analyst, Tshamano Makhadi says after tonight, the ANC will potentially enter into coalition talks with the DA, EFF or former President Jacob Zuma’s MK party.

“At this point, they are saying they are prepared to speak to anyone. I mean, I listened to the Secretary-General, Fikile Mbalula this morning. One of the things they say is that they will not speak to anyone who wants the president of the ANC, Cyril Ramaphosa, to step down. But if you look at those numbers, whether you’re looking at a DA, EFF, MK, I do think that the ANC can confidently have a discussion with any of the three. Out of those three, I do think that they can make a coalition.”