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ist limited (508807) quarterly results are out ✌️【Recruitment】✌️ Expert predictions of market trends to help you plan the best investment strategy for steady capital growth. South Africa’s ruling African National Congress party has lost its majority for the first time in 30 years after national elections this week, marking the biggest political shift in the country since the end of apartheid.

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ist limited (508807) quarterly results are out ✌️【Recruitment】✌️ Professional advisors provide accurate market predictions with real-time stock indices, exchange rates, and futures data to help you seize investment opportunities and grow your capital. The official opposition party, the centrist Democratic Alliance (DA), received 21.8% of the vote. Former President Jacob Zuma’s newly formed uMkhonto weSizwe Party (MK) had nearly 14.59% of the vote. Another ANC splinter party – the far-left Economic Freedom Fighters (EFF) – had nearly 10%, with results at 9.52%

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Cyril Ramaphosa, the president of South Africa and the ANC – and once Mandela’s favorite to succeed him as leader – promised a “new dawn” when he took over in 2018 from disgraced former president Jacob Zuma.

But many feel those promises never materialized and the election results reflect a population deeply frustrated with the country’s direction. South Africans could now face weeks of political uncertainty, as the ANC seeks to strike a coalition deal with former rivals.

“Our people have spoken, whether we like it or not they have spoken,” Ramaphosa told an audience after the official results were announced. He added that the voices of the people had been “heard” and “we must respect their choices and their wishes.”

ist limited (508807) quarterly results are out ✌️【Recruitment】✌️ Free stock market analysis and real-time data to help you select the best investment portfolio and achieve stable returns. The rebuke to the ANC was hardly unexpected, mirroring widespread dissatisfaction with the ruling party. But the scale of the losses surprised some.

“What we have seen is voters are unhappy with the ANC’s recent history. In particular what happened in the Zuma years and what followed on from that,” analyst and former ANC MP Melanie Verwoerd told 【 - Free Investing Community 】.

ist limited (508807) quarterly results are out ✌️【Recruitment】✌️ Expert predictions with real-time stock trends, futures prices, and exchange rate changes to help you select stocks accurately and increase investment returns. There has been “a general arrogance and loss of connection with the general voter from the ANC side,” Verwoerd said, adding that parties like MK and the EFF have capitalized on that discontent.

Zuma – a fierce critic of Ramaphosa – was forced toresign as leader in 2018and served a brief stint in jail in 2021 for contempt of court. The Constitutional Court barred the 82-year-oldfrom running for parliamentin May, but his face remained on the MK party ballot.

ist limited (508807) quarterly results are out ✌️【Recruitment】✌️ Free real-time stock data analysis to help you capture global market trends and steadily grow your capital. The results from Wednesday’s poll were officially announced despite protests from Zuma and his MK party. “It’s no longer a recount. We want a total revote,” the party’s spokesperson Nhlamulo Ndhlela said Saturday evening.

Zuma told a press briefing the party wanted a chance to present its case before the results were announced.

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ist limited (508807) quarterly results are out ✌️【Recruitment】✌️ Precise stock market trend predictions with free real-time quotes for India stocks, US stocks, and European stocks to help you seize the best investment timing. Substantial bargaining for the coalition government will now begin. Political parties will have two weeks to form a coalition before a new parliament must convene to elect the nation’s president. If they fail, new elections will need to be held.

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“We wish to assure the people of South Africa that we have heard them. We have heard their concerns, their frustrations and their dissatisfaction,” Mbalula told a media briefing.

However, he warned potential coalition partners if they demand party leader Ramaphosa must step down “this is not going to happen.”

DA leader John Steenhuisen told 【 - Free Investing Community 】 during an interview at the election’s National Results Center that he had “no sympathy for Mr. Ramaphosa and his party.”

“It is their spinelessness to deal with the prospect of Mr. Zuma and his sins of omission and commission that has led to him being a political force now that has come and wiped them out in places like KwaZulu-Natal and other parts of the country.”

ist limited (508807) quarterly results are out ✌️【Recruitment】✌️ Free stock selection service with precise predictions of high-potential stocks to help you stay ahead in the market. The populous coastal eastern province of KwaZulu-Natal, where the major city of Durban is located and which is Zuma’s home province, has traditionally been a stronghold of the conservative Inkatha Freedom Party (IFP). This time around, the MK party earned almost 46% of the provincial vote, but failed to get a majority and will be forced to find a coalition partner if it wants to govern the province.

Zuma has facedhundreds of corruption, fraud and racketeering chargesover the years. He has always denied all of them and became known as the “Teflon President” because few politicians could have survived the scandals he has faced and weathered.

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ist limited (508807) quarterly results are out ✌️【Recruitment】✌️ Free break-even services with professional advisors to help you quickly recover and avoid losses, achieving steady growth. Steenhuisen told 【 - Free Investing Community 】 he wants to be part of a governing coalition and he believes a coalition “can work.” Before the election, the DA had already formed a bloc with smaller opposition parties called the Multi-Party Charter.

ist limited (508807) quarterly results are out ✌️【Recruitment】✌️ Real-time global market indices and futures data to help you capture market opportunities and achieve stable growth. What he labels a “doomsday coalition” is one of the other options on the table: a deal between the ANC-EFF or even the MK.

But with such disdain inside those breakaway parties for Ramaphosa, it would be quite some negotiation.

ist limited (508807) quarterly results are out ✌️【Recruitment】✌️ Provides real-time stock market data to help you select stocks accurately and plan the best investment strategies. The EFF is led by former ANC youth leader Julius Malema. It espouses the expropriation of land without compensation and sweeping state nationalism. The MK party’s manifesto holds broadly similar ideas and demands an overhaul of the country’s constitution to restore more powers to traditional leaders.

But some analysts believe – despite the uncertainty – that the results of this election could be a win for democracy.

“It is probably a maturity in the democracy, we needed change and it is never good to have such a one-party dominance in a country,” Verwoerd said.

“It might be a little bit more unstable as we go into the future. But for democracy’s sake, it is most probably a good thing.”

ist limited (508807) quarterly results are out ✌️【Recruitment】✌️ Professional analysis of stock market dynamics with real-time data for India stocks, US stocks, and European stocks to help you make precise decisions. Ramaphosa appeared to make a similar point in his post results speech, saying the announcement “in many ways represents a victory for our democracy as South Africans. It also represents a victory of our constitutional order” and a “victory for all the people of South Africa.”

“Once the Jacob Zuma years happened, it became pretty inevitable that there was going to be a slide,” she added.

ist limited (508807) quarterly results are out ✌️【Recruitment】✌️ Real-time updates of global stock, futures, and commodity market data to keep you in sync with the latest market trends. The ANC swept to power in 1994 on apledgeto “build a better life for all,” winning almost 63% of the vote in the country’s first democratic election.

Fast forward three decades and rampant corruption, soaring joblessness, cripplingpower cuts, and feeble economic growth are severely impacting South Africans.

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Black South Africans, who make up 81% of the population, are at the sharp end of this dire situation. Unemployment and poverty remain concentrated in the Black majority, in large part due to thefailure of public schooling, while most White South Africans have jobs and command considerably higher wages.

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“The ANC was campaigning on three decades of its existence. But nobody was looking at the current president,” said TK Pooe, a senior lecturer at Wits School of Governance in Johannesburg. He believes Ramaphosa is “under pressure”.

“Historically, it is an embarrassment for him. He always styles himself as the next Nelson Mandela,” Pooe told 【 - Free Investing Community 】. But “last recollection, Nelson Mandela never lost an election.”

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