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South Africa’s ANC leans towards unity government but meets resistance

South Africa’s ANC leans towards unity government but meets resistance

THE African National Congress is leaning towards trying to form a government of national unity for South Africa, it said, but the second-largest party said it would not join a government that included some of its smaller rivals. The ANC, which has run the country since Nelson Mandela led it to victory in the 1994 elections that marked the end of apartheid, lost its parliamentary majority in last week's election for the first time in the democratic era. Punished by voters over persistent poverty and joblessness, rampant crime, rolling power blackouts and corruption, the ANC is still the largest party…
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South African election early results see ANC losing majority, DA and MK performing well

South African election early results see ANC losing majority, DA and MK performing well

THE African National Congress appeared poised to lose a parliamentary majority it has held for 30 years, partial election results indicated, as South African voters punished the former liberation movement after years of national decline. While the party of Nelson Mandela looked likely to remain the largest political force, such an outcome would push it into a coalition with other parties, the first time it would share power in the country's post-apartheid history. With results in from 29.5% of polling stations, the ANC's share of the vote in Wednesday's election stood at 42.5%. It won 57.5% of the votes in the previous…
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What are the key issues for investors in South Africa’s 2024 election?

What are the key issues for investors in South Africa’s 2024 election?

South Africans vote in a national election on May 29 and, for the first time since the end of apartheid 30 years ago, polls suggest the ruling African National Congress party (ANC) is at risk of losing its parliamentary majority. Investors are paying close attention. WHY IS A MAJORITY IMPORTANT? If the ANC gets less than 50% support it would have to seek one or more coalition partners to govern Africa's most industrialised economy. The new parliament will choose South Africa's next president. The new government will set fiscal and economic policy for the coming five years, and investors want to see if the…
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South Africa’s ANC likely to lose parliamentary majority in May vote, survey shows

South Africa’s ANC likely to lose parliamentary majority in May vote, survey shows

SOUTH Africa's African National Congress (ANC) is likely to lose its parliamentary majority in May for the first time since Nelson Mandela led it to power at the fall of apartheid 30 years ago, a survey showed, opening up the prospect of coalition rule. South Africans go to polls on May 29 to elect a new National Assembly, which will then choose the next president. A survey of voter opinion in February by Johannesburg-based think tank The Brenthurst Foundation and the SABI Strategy Group estimated support for the ANC at 39%, down from 41% in October and 44% in November…
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