Hopes are high for the new government of national unity (GNU) cabinet, but South Africa mustn’t get carried away by the significance of the moment. The key question is whether the 32-person cabinet is fit for purpose and, especially, whether the business-friendly DA can shift South Africa’s growth dial with just the six ministries it has been granted.

Judging from the positive response of both the bond and the equity markets early in the week, the business and investor community is cheered by the finalisation of a cabinet heavily dominated by the ANC and the DA...

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