Goldman Sees South Africa's 'Fragile' Coalition Spurring Growth.

South African President Cyril Ramaphosa has announced his new cabinet, which includes business-friendly opposition politicians and retains Enoch Godongwana as finance minister. This move signals Ramaphosa's intention to revive the country's weak economic growth. The African National Congress lost its parliamentary majority in May's elections and was forced to form a coalition government with other parties. The presence of opposition parties in the government may help address issues such as state inefficiency, power shortages, and high unemployment. Financial assets in South Africa have rallied in anticipation of this coalition government. [Extracted from the article]