Stable GNU together with policy certainty will maximise business confidence
After having held highly successful free, fair and peaceful watershed elections on 29 May, South Africa has now embarked on the formation of a Government of National Unity (GNU) to navigate an election outcome in which no single party achieved a majority. To manage the new political dynamics and provide stability, a GNU is now being formed.
Prof Raymond Parsons, economist from the North-West University (NWU) Business School, says high-growth economies typically build their prosperity on sturdy and stable political foundations.