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vision corporation limited (531668) signs major deal ✌️【Smart Trading】✌️ Free real-time stock index quotes to help you quickly seize market opportunities and achieve 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.

vision corporation limited (531668) signs major deal ✌️【Smart Trading】✌️ Free stock market analysis and data updates to help you select the best investment portfolio. Achieve steady growth and avoid losses with expert predictions and real-time market insights. 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.

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vision corporation limited (531668) signs major deal ✌️【Smart Trading】✌️ Free stock selection service with expert predictions and real-time market insights, providing you with the best investment strategies for long-term success. 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%

vision corporation limited (531668) signs major deal ✌️【Smart Trading】✌️ Real-time updates on global stock trends and expert market analysis to help you select profitable stocks and grow your wealth effectively. 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.”

vision corporation limited (531668) signs major deal ✌️【Smart Trading】✌️ 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. 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 Expert-Led Investment Training 】.

vision corporation limited (531668) signs major deal ✌️【Smart Trading】✌️ 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. 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.

vision corporation limited (531668) signs major deal ✌️【Smart Trading】✌️ Precise stock selection service to help you avoid losses and quickly recover and grow. Provides real-time global market, metals, energy, and agricultural product data to assist you in making informed decisions. 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.

vision corporation limited (531668) signs major deal ✌️【Smart Trading】✌️ Free stock market analysis and real-time data to help you select the best investment portfolio and achieve stable returns. 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.

vision corporation limited (531668) signs major deal ✌️【Smart Trading】✌️ Expert predictions with real-time stock trends, futures prices, and exchange rate changes to help you select stocks accurately and increase investment returns. 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.

vision corporation limited (531668) signs major deal ✌️【Smart Trading】✌️ Free real-time stock data analysis to help you capture global market trends and steadily grow your capital. 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 Expert-Led Investment Training 】 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.”

vision corporation limited (531668) signs major deal ✌️【Smart Trading】✌️ Expert predictions of stock trends with real-time stock indices, metals, energy, and agricultural product data to help you make efficient investment 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.

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vision corporation limited (531668) signs major deal ✌️【Smart Trading】✌️ Professional investment advisors provide real-time market data to help you analyze stock trends and select high-potential stocks, increasing capital growth. Steenhuisen told 【 - Free Expert-Led Investment Training 】 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.

vision corporation limited (531668) signs major deal ✌️【Smart Trading】✌️ Free stock selection service with precise predictions of high-potential stocks to help you stay ahead in the market. 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.

vision corporation limited (531668) signs major deal ✌️【Smart Trading】✌️ Expert market predictions with real-time global market, futures, metals, and energy data to help you stay in tune with market trends. 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.”

vision corporation limited (531668) signs major deal ✌️【Smart Trading】✌️ Free break-even services with professional advisors to help you quickly recover and avoid losses, achieving steady growth. 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.

vision corporation limited (531668) signs major deal ✌️【Smart Trading】✌️ Real-time global market indices and futures data to help you capture market opportunities and achieve stable growth. 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.

vision corporation limited (531668) signs major deal ✌️【Smart Trading】✌️ Provides real-time stock market data to help you select stocks accurately and plan the best investment strategies. 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.

vision corporation limited (531668) signs major deal ✌️【Smart Trading】✌️ Professional analysis of stock market dynamics with real-time data for India stocks, US stocks, and European stocks to help you make precise decisions. 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.

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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 Expert-Led Investment Training 】. But “last recollection, Nelson Mandela never lost an election.”

vision corporation limited (531668) signs major deal ✌️【Smart Trading】✌️ Free real-time global stock and futures trend data to help you analyze market movements and make fast investment decisions. 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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