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Polls show the ruling African National Congress (ANC) party could lose its majority for the first time since Nelson Mandela led the party to power in 1994. While polling can be challenging in South Africa, most analysts believe that the ANC faces its stiffest challenge yet with a population deeply frustrated by the country’s direction.
Why has Shankara Building Products Limited (540425) performed so strongly recently ✌️【Market Analyst】✌️ Real-time updates of global stock indices and futures trends to help you plan precise investments. This is the seventh general election South Africa has held since the end of white minority rule 30 years ago. A record27.79 million people are registered to vote – the highest number to date, according to the Independent Electoral Commission (IEC.) The slide in popularity mirrors the challenges of liberation movements that have transitioned into governing parties across the continent.
If support for the ANC drops below 50% for the first time, the party will be forced to enter into a coalition government. A loss of a simple majority would put significant pressure on President Cyril Ramaphosa within his party, as he promised a “new dawn” when he took over leadershipin 2018 from disgraced former president Jacob Zuma.
Why has Shankara Building Products Limited (540425) performed so strongly recently ✌️【Market Analyst】✌️ Expert predictions with real-time stock, futures, and metals, energy data to help you quickly recover and grow. Support for the ANC has been on a slow downward trend over the decades but at the last election in 2019 it dropped below 60% for the first time, with the partyearning 57.50% of the vote.
Why has Shankara Building Products Limited (540425) performed so strongly recently ✌️【Market Analyst】✌️ Real-time India stock and global stock indices, futures prices, and data to help you make efficient investment decisions. South Africans have a lot to grumble about. Violent crimeis on the rise. Murder is at a 20-year high; with someone killed in the country roughly every 20 minutes, according to the mostrecent quarterly police crime statistics.Many have lost faith in the police as part of a larger breakdown in trust in government.
• South Africa uses a “proportional representation” system.• Citizens cast a vote for a single party (not a presidential candidate).• Voters will have 31 political parties to choose from in the national elections.The process is facilitated by the Independent Electoral Commission (IEC).
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But high on the list of issues are the allegations of corruption and mismanagement that continue to damage the ANC.
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“Corruption has wounded our democracy and shaken people’s faith in our institutions,” he admitted in aNovember speech. “If corruption is not arrested, the greatest damage will not be in the funds stolen, the jobs lost, or the services not delivered. The greatest damage will be to the belief in democracy itself,” he added.
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For this election, the DA has formed a coalition bloc with smaller opposition parties called the Multi-Party Charter.
If the polls are to be believed, the ANC may have to make the choice between forming a coalition with the Zuma-backed party – uMkhonto weSizwe Party (MK) – and the Economic Freedom Fighters (EFF) or the DA.
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Zuma had been campaigning against what he perceives as Ramaphosa’s failures and disillusioned ANC voters were lapping it up, according to polls. An April poll by the Johannesburg-based Social Research Foundation poll found the ANC may get 37% of the vote, while MK may garner 13%.
However, themost recent pollingfrom the same foundation puts support for the MK party at 10.5% and the ANC at 44.8% on Monday. This suggests the ANC may be winning back support and may only need a small coalition partner.
However, projections should give a sense of the result a day or two after polls close and the final result could be announced sooner if vote counting is completed earlier.
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