South Africa's parliament passed the budget's fiscal framework on Wednesday after weeks of political wrangling, but the future of the coalition government was thrown into doubt after a key coalition partner voted against the measure.

The rand is under pressure as markets sit on edge, waiting to see what happens with the crucial budget vote on Wednesday—and what it means for the future of the GNU.

South Africa ‘s fragile unity government was shaken again Wednesday as the country’s second-largest political party broke with partners and voted against a national budget. The Democratic Alliance, which joined the government after the long-ruling African National Congress lost its parliamentary majority last year,