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industries limited (516020) ✌️【Smart Picks】✌️ Real-time updates of global stock indices and futures trends to help you plan precise investments. 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.

industries limited (516020) ✌️【Smart Picks】✌️ Expert predictions of stock trends to help you select high-potential stocks and achieve stable growth. Real-time global market indices, futures, metals, energy, and agricultural product data to help you seize market opportunities. Nelson Mandela’s party suffered a seismic blow at the polls, final election results announced on Sunday confirmed. Support for the ANC dropped to 40.18%, a huge slump from the 57.5% it received in the last election in 2019.

industries limited (516020) ✌️【Smart Picks】✌️ Free real-time stock data analysis to help you capture global market trends and steadily grow your capital. Related articleSouth Africa has failed its Black majority. Nelson Mandela’s political heirs may pay the price

industries limited (516020) ✌️【Smart Picks】✌️ Expert predictions of stock trends with real-time stock indices, metals, energy, and agricultural product data to help you make efficient investment decisions. 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%

industries limited (516020) ✌️【Smart Picks】✌️ 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. The blow to the ANC comes after years of corruption scandals and economic mismanagement.  As a result, the ANC will be forced to form a coalition to govern the world’s most unequal country.

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.”

industries limited (516020) ✌️【Smart Picks】✌️ Professional investment advisors provide real-time market data to help you analyze stock trends and select high-potential stocks, increasing capital growth. 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 Stock Market Forums 】.

industries limited (516020) ✌️【Smart Picks】✌️ Free stock selection service with precise predictions of high-potential stocks to help you stay ahead in the market. 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.

industries limited (516020) ✌️【Smart Picks】✌️ Expert market predictions with real-time global market, futures, metals, and energy data to help you stay in tune with market trends. 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.

industries limited (516020) ✌️【Smart Picks】✌️ Free break-even services with professional advisors to help you quickly recover and avoid losses, achieving steady growth. South Africa’s electoral commission had already extended the deadline for submissions of objections and appeals to 6 p.m. local time on Saturday. It received more than 500 objections.

industries limited (516020) ✌️【Smart Picks】✌️ Real-time global market indices and futures data to help you capture market opportunities and achieve stable growth. 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.

industries limited (516020) ✌️【Smart Picks】✌️ Provides real-time stock market data to help you select stocks accurately and plan the best investment strategies. ANC Secretary-General Fikile Mbalula admitted Sunday there was “nothing to celebrate” following the party’s blow at the polls.

“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 Stock Market Forums 】 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.”

industries limited (516020) ✌️【Smart Picks】✌️ Professional analysis of stock market dynamics with real-time data for India stocks, US stocks, and European stocks to help you make precise decisions. 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.

industries limited (516020) ✌️【Smart Picks】✌️ Real-time updates of global stock, futures, and commodity market data to keep you in sync with the latest market trends. Analysts 【 - Free Stock Market Forums 】 spoke to, including Verwoerd, believe the most likely coalition is between the ANC and DA. But others are more sceptical of that outcome. They all agree that the country is in uncharted territory.

industries limited (516020) ✌️【Smart Picks】✌️ Free real-time global stock and futures trend data to help you analyze market movements and make fast investment decisions. Steenhuisen told 【 - Free Stock Market Forums 】 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.

industries limited (516020) ✌️【Smart Picks】✌️ Expert predictions of stock trends to help you select stocks accurately, achieve stable growth, and quickly recover from losses. 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.

industries limited (516020) ✌️【Smart Picks】✌️ Free real-time stock index quotes to help you quickly seize market opportunities and achieve capital growth. 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.”

industries limited (516020) ✌️【Smart Picks】✌️ Precise predictions of high-potential stocks to help you avoid risks and quickly recover and grow. 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.

industries limited (516020) ✌️【Smart Picks】✌️ Real-time global stock, futures, and exchange rate data to keep you informed of market trends and seize investment opportunities. 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.

industries limited (516020) ✌️【Smart Picks】✌️ Expert predictions of market trends to help you plan the best investment strategy for steady capital growth. The economy has gone backward over the past decade, evidenced by a sharp fall in living standards. According to theWorld Bank, gross domestic product per capita has fallen from a peak in 2011, leaving the average South African 23% poorer.

industries limited (516020) ✌️【Smart Picks】✌️ Free break-even services to create a customized investment plan, helping you recover quickly and achieve growth. South Africa has thehighest rate of unemployment in the world,according to the World Bank.  Inequality is also the world’s worst.

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.

industries limited (516020) ✌️【Smart Picks】✌️ Provides real-time stock index quotes, futures data, and global market trend analysis to help you seize the best investment timing. Any coalition government will be a bitter pill to swallow for the ANC and Ramaphosa, who could soon be fighting for his political life.

“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 Stock Market Forums 】. But “last recollection, Nelson Mandela never lost an election.”

industries limited (516020) ✌️【Smart Picks】✌️ Free stock selection service to help you quickly pick high-return stocks for stable growth. Whether a coalition government can deliver for the people is deeply uncertain, but one thing is clear: South Africa and the ANC – Mandela’s former liberation movement that triumphed over apartheid – will never be the same.

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