Early results show ANC losing majority in South African election

The African National Congress (ANC) may lose its parliamentary majority for the first time in 30 years, according to partial results from South Africa’s national election.

With 16.7% of votes counted, the ANC has 42.5%, the Democratic Alliance (DA) 25.8%, and the Economic Freedom Fighters (EFF) 8.5%.

A new party led by former president Jacob Zuma, uMkhonto we Sizwe (MK), has 8%.

If the ANC loses its majority, it will need to form a coalition, potentially causing political instability.

The final results are expected to confirm the ANC as the largest party, but not with a clear majority.

This uncertainty has already affected South African markets, with the rand and equity index dropping significantly.

The ANC’s decline in support is attributed to high unemployment, crime, power blackouts, and corruption. In the previous 2019 election, the ANC secured 57.5% of the vote.

The final election results are anticipated within a week, after which the new parliament will elect the next president, likely to be Cyril Ramaphosa, though his leadership could be challenged.

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