South Africa’s Finance Chief Spells Out Fiscal Limits, Reforms

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South Africa’s Finance Minister Enoch Godongwana outlined the nation’s fiscal parameters as the newly formed coalition government gathered for the first time in a closed-door meeting to map out priority areas from economic reform to investment.

President Cyril Ramaphosa convened the first Cabinet Lekgotla meeting of the government of national unity (GNU) following his party’s May 29 electoral defeat. His executive, which now includes 11 opposition parties, has been meeting in the capital, Pretoria, to formulate policy priorities which he will outline during the opening of parliament on Thursday.

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