South African President Cyril Ramaphosa named a new Cabinet late on June 30, marking the beginning of the country's new coalition government, AP reported.
The agreed coalition consists of Ramaphosa's African National Congress (ANC), main former opposition party the Democratic Alliance (DA), and nine other parties, it said. This agreement came a month after South Africa concluded its national elections on May 29.
Notably, this is not the first time that South Africa has seen a coalition government. In 1994, despite winning a clear majority, ANC chief Nelson Mandela invited other parties to join the government. The conditions this time were not the same, as ANC needed help from other lawmakers to reelect Ramaphosa for a second term, as per the AP report.
(With inputs from AP and Bloomberg)
Catch all the Business News , Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.