Berliner Boersenzeitung - ANC on track to lose majority after watershed South Africa vote

EUR -
AED 4.279905
AFN 80.997864
ALL 96.983259
AMD 446.248364
ANG 2.085508
AOA 1068.516087
ARS 1504.875152
AUD 1.805244
AWG 2.097705
AZN 2.056576
BAM 1.950035
BBD 2.353143
BDT 141.601341
BGN 1.955022
BHD 0.439362
BIF 3451.410886
BMD 1.16523
BND 1.495279
BOB 8.082035
BRL 6.394086
BSD 1.165454
BTN 101.464574
BWP 16.25879
BYN 3.906051
BYR 22838.505526
BZD 2.340959
CAD 1.615079
CDF 3374.505607
CHF 0.940923
CLF 0.028631
CLP 1123.199905
CNY 8.369144
CNH 8.375393
COP 4704.545702
CRC 588.953641
CUC 1.16523
CUP 30.878592
CVE 110.405964
CZK 24.452932
DJF 207.084795
DKK 7.464582
DOP 72.098607
DZD 151.340944
EGP 56.457365
ERN 17.478448
ETB 164.494642
FJD 2.637502
FKP 0.86193
GBP 0.864094
GEL 3.140285
GGP 0.86193
GHS 12.642826
GIP 0.86193
GMD 83.896238
GNF 10112.450305
GTQ 8.93259
GYD 243.827007
HKD 9.08835
HNL 30.65751
HRK 7.532512
HTG 152.588855
HUF 393.678156
IDR 18977.574601
ILS 3.953683
IMP 0.86193
INR 101.45977
IQD 1526.451135
IRR 49027.046658
ISK 143.393167
JEP 0.86193
JMD 186.598302
JOD 0.826141
JPY 171.856257
KES 150.901946
KGS 101.898857
KHR 4666.746018
KMF 489.979458
KPW 1048.683374
KRW 1622.087389
KWD 0.356187
KYD 0.97122
KZT 627.335217
LAK 25168.965132
LBP 104346.335585
LKR 351.610426
LRD 234.793524
LSL 20.497044
LTL 3.440621
LVL 0.704836
LYD 6.315077
MAD 10.498135
MDL 19.474255
MGA 5119.818772
MKD 61.358587
MMK 2445.273813
MNT 4191.405744
MOP 9.366068
MRU 46.550805
MUR 53.239098
MVR 17.942605
MWK 2024.004217
MXN 21.919535
MYR 4.920735
MZN 74.47008
NAD 20.496808
NGN 1788.056487
NIO 42.822524
NOK 11.974275
NPR 162.344013
NZD 1.975301
OMR 0.448041
PAB 1.165444
PEN 4.14821
PGK 4.923443
PHP 66.62314
PKR 328.594776
PLN 4.243872
PYG 8421.102115
QAR 4.242311
RON 5.059549
RSD 117.17672
RUB 94.12187
RWF 1683.757168
SAR 4.372517
SBD 9.582586
SCR 16.480643
SDG 699.72343
SEK 11.171478
SGD 1.497332
SHP 0.915688
SLE 27.149358
SLL 24434.285473
SOS 665.935837
SRD 43.871237
STD 24117.905797
STN 24.427777
SVC 10.197849
SYP 15149.880719
SZL 20.485433
THB 37.974266
TJS 10.832579
TMT 4.078305
TND 3.406329
TOP 2.72908
TRY 47.645183
TTD 7.898579
TWD 35.116518
TZS 2916.57056
UAH 48.228466
UGX 4154.716139
USD 1.16523
UYU 46.69195
UZS 14591.583999
VES 159.196042
VND 30668.850278
VUV 139.117759
WST 3.120914
XAF 654.020512
XAG 0.031226
XAU 0.000351
XCD 3.149092
XCG 2.10039
XDR 0.812311
XOF 654.006522
XPF 119.331742
YER 279.975572
ZAR 20.594285
ZMK 10488.467424
ZMW 27.125568
ZWL 375.203544
  • RBGPF

    0.0000

    75.92

    0%

  • CMSC

    0.2400

    23.39

    +1.03%

  • NGG

    0.2800

    70.98

    +0.39%

  • RYCEF

    -0.5000

    14.3

    -3.5%

  • VOD

    0.0100

    11.71

    +0.09%

  • GSK

    0.5500

    39.62

    +1.39%

  • AZN

    0.4200

    79.54

    +0.53%

  • BTI

    -0.2500

    57.47

    -0.44%

  • SCS

    0.1900

    16.24

    +1.17%

  • RIO

    0.2300

    60.59

    +0.38%

  • RELX

    -0.0300

    47.79

    -0.06%

  • CMSD

    0.2400

    23.59

    +1.02%

  • JRI

    -0.0300

    13.28

    -0.23%

  • BCE

    0.0100

    25.58

    +0.04%

  • BCC

    3.4200

    88.06

    +3.88%

  • BP

    -0.2300

    33.82

    -0.68%

ANC on track to lose majority after watershed South Africa vote

ANC on track to lose majority after watershed South Africa vote

South Africa's ruling ANC was on course to lose its 30-year-old unchallenged majority on Thursday after voters queued long into the night to cast their ballots, preliminary results and projections showed.

Text size:

With almost a quarter of votes tallied, the ANC was leading but with a score of 43 percent -- well below the 57 percent it won in 2019 -- followed by the liberal Democratic Alliance (DA) at 25 percent, according to authorities.

The leftist Economic Freedom Fighters (EFF) was in third place with nine percent of the vote, trailed by former South African president Jacob Zuma's uMkhonto weSizwe (MK) on eight.

The final results are not expected to be known before the weekend.

"The broad church of the ANC has taken a substantial knock. This is a shock to the system for the ANC and ultimately will also be a shock to the system for the average South African, who has only known ANC rule since 1994," said political analyst Daniel Silke.

"It redraws the political boundaries of South Africa and creates a degree of uncertainty".

If President Cyril Ramaphosa's party is confirmed as dropping below 50 percent, it would force him to seek coalition partners to be re-elected to form a new government.

That would be a historic evolution in the country's democratic journey, which was underlined by newspaper headlines on Thursday.

"SA on the cusp of shift in politics," read the front page of daily BusinessDay. "The people have spoken," headlined The Citizen.

- New chapter -

The ANC has dominated South Africa's democracy with an unbroken run of five presidents from the party.

The party remains respected for its leading role in overthrowing white minority rule, and its progressive social welfare and black economic empowerment policies are credited by supporters with helping millions of black families out of poverty.

But over three decades of almost unchallenged rule, its leadership has been implicated in a series of large-scale corruption scandals, while the continent's most industrialised economy has languished and crime and unemployment figures have hit record highs.

"The people in power are hopefully going to come down and we will have a new political party," Shaun Manyoni, a 21-year-old student, said as he enjoyed a morning beer outside his university in Johannesburg on Thursday.

Ramaphosa's opponents from both the left and the right came to the polls on Wednesday hoping either to replace the ANC with an opposition alliance or force the party to negotiate a coalition agreement.

"Zuma ran this country perfectly ... so let's put him back and let South Africa run again," Don Naidoo, a middle-aged small business owner from the province's largest city of Durban, told AFP.

Voting was marked by hours-long queues in many districts, which in some cases forced polls to remain open well beyond closing time.

The Independent Electoral Commission (IEC) said a last-minute rush in urban voting and high turnout were to blame for the late finish.

Almost all votes had been counted by 3:00 pm on Thursday, but most had yet to be validated, IEC's head Sy Mamabolo told a press conference.

While, the process was "proceeding well", officials said they expected it would take longer than the usual 24 hours to reach an 80 percent tally, due to delays caused by the new three-ballot system.

- What bedfellows? -

If the ANC gets close to 50 percent it could shore up a majority by allying itself with some of the four dozen smaller and regional parties contesting the election.

But this appeared increasingly unlikely.

A projection by the respected Council for Scientific and Industrial Research (CSIR), showed it was in line to win less than 42 percent, a share that could force it to partner with a bigger rival.

Yet, experts were split on who the ANC would prefer as bedfellows and on whether the poor performance threatened Ramaphosa's leadership.

"His power is gone within the ANC," said analyst Sandile Swana, predicting that the party would patch up ties with one or both of the radical left groups led by former ANC figures: firebrand Julius Malema's EFF or Zuma's MK.

In a major upset, the latter was leading with 43 percent of preferences in Zuma's home province of KwaZulu-Natal, a key electoral battleground.

Siphamandla Zondi, a politics professor from the University of Johannesburg said MK was a natural partner for the ANC.

"They have similar policies and similar tendencies," he said.

But analyst and author Susan Booysen said the rift between Ramaphosa and Zuma, who has long been bitter about the way he was forced out of office in 2018, was "too far reaching" to mend.

The ANC might prefer the centre-right DA, which pledged to "rescue South Africa" through better governance, free market reforms and privatisations, to the leftist EFF, which is perceived as "too erratic" and "unpredictable" in its demands, she added.

Swana said he expects pressure from civil society to push for a convention to publicly discuss the makeup of a coalition.

"We don't want politicians to talk among themselves," he said.

(A.Lehmann--BBZ)