South Africa’s biggest political rivals are close to clinching a deal to form a new government two weeks after a shock election result stripped the African National Congress of its parliamentary majority for the first time in three decades. The ANC and the Democratic Alliance have resolved key obstacles to an accord that will allow Cyril Ramaphosa to be reelected as president by lawmakers, according to people familiar with ongoing talks between the two parties who asked not to be identified as the discussions are private. Markets are likely to react positively to a tie-up involving the business-friendly DA, which ... (full story)