The pro-business DA rejects the budget leaving the ANC to rely on other parties to get it passed in parliament.

South Africa's rand was hovering near a three-month low on Thursday after being hit by a double-whammy of U.S. President Donald Trump's announcement of new and higher tariffs and the passing of a contentious budget vote that has threatened the ruling coalition's future.

Leaders of South Africa’s Democratic Alliance will meet to discuss its involvement in the nation’s coalition government after lawmakers passed a budget framework that second-biggest party opposed.