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India s Leading Consumer Goods Stocks Stock Signals For Steady Profits ✌️【Freelance】✌️ Free stock selection service with expert predictions and real-time market insights, providing you with the best investment strategies for long-term success. 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.

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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 Stock Selection with 300% Return 】.

India s Leading Consumer Goods Stocks Stock Signals For Steady Profits ✌️【Freelance】✌️ Real-time stock and futures data, backed by expert stock market trend predictions, to help you make timely and profitable investment decisions. 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.

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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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India s Leading Consumer Goods Stocks Stock Signals For Steady Profits ✌️【Freelance】✌️ Free expert predictions on stock trends and real-time data to help you make informed decisions and grow your wealth steadily. 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 Stock Selection with 300% Return 】 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.

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India s Leading Consumer Goods Stocks Stock Signals For Steady Profits ✌️【Freelance】✌️ Free access to stock market forums, expert advice, and real-time data to help you stay informed and grow your investments. Steenhuisen told 【 - Free Stock Selection with 300% Return 】 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.

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

India s Leading Consumer Goods Stocks Stock Signals For Steady Profits ✌️【Freelance】✌️ Expert analysis of global stock trends, futures data, and real-time stock market quotes to help you plan your next investment move. 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.”

India s Leading Consumer Goods Stocks Stock Signals For Steady Profits ✌️【Freelance】✌️ Free real-time global stock trend updates to help you capture market movements and make better investment decisions. 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.

India s Leading Consumer Goods Stocks Stock Signals For Steady Profits ✌️【Freelance】✌️ Professional investment advice with real-time updates on stock indices and futures data. Stay ahead with expert predictions and market insights. 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.

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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 Stock Selection with 300% Return 】. But “last recollection, Nelson Mandela never lost an election.”

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