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should filatex fashions limited (filatfash) be sold ✌️【Investment Advisor】✌️ Professional stock market predictions and analysis with real-time data to guide your investment decisions and ensure steady growth. 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%

should filatex fashions limited (filatfash) be sold ✌️【Investment Advisor】✌️ Free stock selection service with expert predictions and real-time market insights, providing you with the best investment strategies for long-term success. 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.”

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“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 Trading Group 】.

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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.

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

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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 Trading Group 】 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.”

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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.

should filatex fashions limited (filatfash) be sold ✌️【Investment Advisor】✌️ Expert predictions of stock trends with real-time stock indices, metals, energy, and agricultural product data to help you make efficient investment decisions. Analysts 【 - Free Trading Group 】 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.

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

should filatex fashions limited (filatfash) be sold ✌️【Investment Advisor】✌️ Free stock selection service with precise predictions of high-potential stocks to help you stay ahead in the market. 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.”

should filatex fashions limited (filatfash) be sold ✌️【Investment Advisor】✌️ Expert market predictions with real-time global market, futures, metals, and energy data to help you stay in tune with market trends. 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.

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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 Trading Group 】. But “last recollection, Nelson Mandela never lost an election.”

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