Page 7 - SA Chamber UK - MAY Newsletter 2024

leadership, the economy, and the impact on the possible outcomes in the next elections
through the emergence of breakaway parties.

This is probably the most unknown situation South Africa has been in as the expected
outcome is NOT clear and morphing as we get closer to the 29 May.
th
South Africa’s experience of coalitions is not a happy one. We have seen them in several
metropolitan regions which has been a mess with deliverable outcomes disappearing
and infighting rising.

The pre-planned and now existing agreement created between several smaller parties
and the DA will be an interesting ‘coalition’ to watch over the next five years. This could
be a solution if the outcome for the ANC is closer to 40% than 50%; it may offer a way to
‘allow’ the ANC to work with the DA.

So many options are possible and so many solutions are feasible, but what is best for the
country, the economy, and the people of South Africa?

During the event, Daniel looked at the impact on GDP, unemployment, rise of social
grants, NHI, education, sales of SA stocks to foreign clients and government debt. South
Africa is still attractive to FDI for many reasons: manpower, natural resources, rule of law,
first world financial services, language, high interest rates and high returns on investment.

How will the SA political landscape change? Next month we will know ‘the what’ but not
how it will play out over the next weeks, months and year to five years.

We would like to thank Daniel for an interesting talk and Streathers Solicitors for hosting
the event at their offices in Baker Street. The networking was on a roll, and no-one
wanted to move on from their discussions, a ‘broom’ was eventually needed!! We had
so much to talk about to try and bring issues into sensible order in our brains; the wine
and biltong helped that journey.

Watch this video of the event (click the image below)

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SA CHAMBER UK NEWSLETTER MAY 2024