South Africa’s New Unity Government Sparks Cautious Optimism Amid Economic Concerns

South Africa’s new unity government, formed by President Cyril Ramaphosa with former opposition leader John Steenhuisen heading a key ministry, has garnered cautious optimism from industry and financial markets. Reuters reports that many citizens and political analysts express concerns about the coalition’s ability to achieve economic growth and social reforms, marking the first coalition cabinet in three decades involving the Democratic Alliance and other parties.