The Leader of South Africa’s main opposition party, the Democratic Alliance, John Steenhuisen, says investor confidence in a potential coalition between their party and the African National Congress (ANC) is well-founded.
According to the report, Steenhuisen is willing to engage in discussions that prioritize the country’s well-being. The recent election results showed that for the first time since 1994, the ANC has lost its majority in parliament, securing only 40.2% of the votes, creating uncertainty in the country’s political landscape.
The Democratic Alliance, maintained its majority in the Western Cape province, a stronghold it has governed since 2009.
In the recent election, the DA secured 55.3% of the votes in the province, slightly down from 55.5% in 2019, as reported by the Electoral Commission of South Africa.
In a related development, the African National Congress, South Africa’s ruling party, lost control of KwaZulu-Natal, the nation’s second-most populous province, as voters emphatically favored the party of former President Jacob Zuma.