The Government of National Unity hit turbulence in early 2025 as the Democratic Alliance threatened to exit the coalition over fundamental disagreements on the NHI, land reform, and BELA Act provisions — testing the fragile consensus that defined post-election governance.
Finance Minister Godongwana finalised GNU agreement on the 2025/26 budget, balancing deficit reduction with social protection commitments after three days of intensive talks.
The ConCourt ruling on procedural flaws in the Expropriation Act reignited GNU tensions over land reform, giving Parliament 18 months to rectify the legislation.
Intense internal factional debate at the ANC's National General Council failed to produce a binding resolution on ending cadre deployment, kicking the issue to 2027.
Pietermaritzburg High Court dismissed Zuma's permanent stay application in August, allowing the landmark corruption trial to proceed with documentary evidence.
The 2026 SONA prioritised Vulindlela reforms — telecom spectrum, port privatisation, and wage bill reduction — amid rising service delivery protests and sluggish GDP growth.
The EFF and MK Party-sponsored no-confidence motion failed 227–189 in March 2026, preserving the Ramaphosa-led GNU but exposing the coalition's shrinking parliamentary buffer.
Moody's positive outlook revision sent the rand surging to R17.82/USD in September, boosting JSE equities 2.4% in a single session.
The MPC voted 4-2 for a 25bp cut in November 2025, opening a cautious easing cycle as inflation fell to within the 3–6% target band.
The 30-year port concession marks SA's largest infrastructure privatisation, drawing union protests and coalition tension over the privatisation of state assets.
Q4 data confirmed 2025 full-year growth at 1.6%, driven by agriculture and finance — but economists warn 3%+ sustained growth is needed to dent unemployment.
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