Thungela Resources, South Africa's largest producer of export coal, sees the new government as a 'net-net positive' for its business, even as its earnings are likely to be hit by a strengthening rand.
From a company point of view, the direction of travel in South Africa is net positive, said Thungela CFO, Deon Smith, who provided its global investors with a pre-close update on Tuesday. The new government of national unity is a coalition comprising the African National Congress , the Democratic Alliance , and the Inkatha Freedom Party , the Patriotic Alliance, and GOOD.South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism. Join our free subscription trial to unlock this story and a world of news aimed to inform, empower, and inspire.