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bohra industries limited (bohraind) hits 52 week high ✌️【Investment】✌️ Provides real-time stock market data to help you select stocks accurately and plan the best investment strategies. 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.”

bohra industries limited (bohraind) hits 52 week high ✌️【Investment】✌️ Expert predictions of stock trends to help you select stocks accurately, achieve stable growth, and quickly recover from losses. 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 Capital Allocation Plans 】.

bohra industries limited (bohraind) hits 52 week high ✌️【Investment】✌️ Free break-even services to create a customized investment plan, helping you recover quickly and achieve growth. 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.

bohra industries limited (bohraind) hits 52 week high ✌️【Investment】✌️ Real-time updates of global stock indices and futures trends to help you plan precise investments. 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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bohra industries limited (bohraind) hits 52 week high ✌️【Investment】✌️ Free stock selection service with professional advisors offering the best investment portfolio for 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.

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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 Capital Allocation Plans 】 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.”

bohra industries limited (bohraind) hits 52 week high ✌️【Investment】✌️ Precise predictions of market trends with real-time stock indices and futures data to help you make wise 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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But with such disdain inside those breakaway parties for Ramaphosa, it would be quite some negotiation.

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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.”

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“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 Capital Allocation Plans 】. But “last recollection, Nelson Mandela never lost an election.”

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