US EditionSA asset prices burn in market dumpster fire stoked by GNU fallout and Trump tariffs
- Fikile Mbalula stated that the Democratic Alliance could decide to leave the government of national unity after opposing the fiscal framework report in the National Assembly.
- The ANC remains committed to the GNU, despite the DA's rejection of the fiscal framework and the proposed increase in value-added tax as part of revenue proposals.
- The uMkhonto weSizwe Party denied blame for the adoption of the fiscal framework due to absent members and expressed strong opposition to any VAT increase.
- Mbalula criticized the DA for prioritizing its interests and likened their budget rejection to a friend refusing to attend another's wedding.
10 Articles
10 Articles
SA asset prices burn in market dumpster fire stoked by GNU fallout and Trump tariffs
The rand, bond and the JSE all slumped on Thursday after a budget feud between the DA and ANC threatened a breakup of the current GNU and Trump slapped SA with 31% tariffs as part of a trade reprisal against more than 180 countries.
Zille Warns Ramaphosa: Removing DA Ministers Over Budget Vote Will Collapse GNU
DA Federal Council Chairperson Helen Zille has issued a stark warning to President Cyril Ramaphosa, stating that any attempt to remove DA ministers from the executive for voting against the national budget would lead to the collapse of the Government of National Unity (GNU). The ultimatum comes amid growing tensions within the coalition government. The confrontation stems from last week’s parliamentary vote, where DA members rejected the budget,…
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