In a significant move, President Cyril Ramaphosa has sanctioned the National Small Enterprise Amendment Act. This law aims to strengthen the country's small business sector and tackle challenges such as unemployment, economic disparity, and violent crime. The bill marks a new chapter for South African politics, with a coalition government steering through change after the recent elections.
In an unprecedented move, South Africa's African National Congress (ANC) intends to establish a National Unity Government after losing its parliamentary majority. President Cyril Ramaphosa highlights the need for remarkable leadership to navigate the nation's crucial period, proposing a broad multiparty alliance. This decision aims to stabilize the political landscape while addressing longstanding economic and social challenges.
President Cyril Ramaphosa declared the 2024 elections a testament to South Africa's strong democracy as the African National Congress (ANC) lost its 30-year majority. The ANC won 159 seats, with the MK Party gaining 58 seats. The Democratic Alliance (DA) increased its seats to 87, while the Economic Freedom Fighters (EFF) dropped to 39 seats. The elections were deemed free and fair by the IEC.
