JOHANNESBURG, June 24 Reuters The South African rand slipped on Monday, as markets waited for President Cyril Ramaphosa to announce the cabinet lineup of his government of national unity.

At 1100 GMT, the rand traded at 18.1275 against the dollar , about 0.9 weaker than its previous close.

Perceived friction between the GNU government of national unity partners is playing a role in todays decline, although the rand was due for a technical correction in any case, Danny Greeff, cohead of Africa at ETM Analytics, said.

The African National Congress lost its parliamentary majority in an election last month, the first time in 30 years, which forced it to seek coalition partners.

Nine other parties have joined the ANC, including the probusiness Democratic Alliance DA, which is favoured by investors.

By adding more parties to the coalition, the ANC is walking a fine line between forming an inclusive government and losing investor confidence by diluting the DAs influence, Greeff said.

Investors want the ANC and the Democratic Alliance to play a leading role in the new government and will be watching Ramaphosas cabinet picks for insights into the balance of power within the coalition, he said.

Ramaphosa said in his weekly newsletter on Monday that the government39;s top priority was economic growth to create jobs.

On the Johannesburg Stock Exchange, the bluechip Top40 index traded around 1.2 stronger than its previous close.

South Africa39;s benchmark 2030 government…