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Top Blue Chip Stocks Pro Level Stock Alerts ✌️【Career Goals】✌️ Precise predictions of market trends with real-time stock indices and futures data to help you make wise investment decisions. Related articleSouth Africa has failed its Black majority. Nelson Mandela’s political heirs may pay the price

Top Blue Chip Stocks Pro Level Stock Alerts ✌️【Career Goals】✌️ Free global stock market data to help you plan the best investment strategies and seize market opportunities. The official opposition party, the centrist Democratic Alliance (DA), received 21.8% of the vote. Former President Jacob Zuma’s newly formed uMkhonto weSizwe Party (MK) had nearly 14.59% of the vote. Another ANC splinter party – the far-left Economic Freedom Fighters (EFF) – had nearly 10%, with results at 9.52%

Top Blue Chip Stocks Pro Level Stock Alerts ✌️【Career Goals】✌️ Expert predictions with real-time stock, futures, and metals, energy data to help you quickly recover and grow. 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.”

Top Blue Chip Stocks Pro Level Stock Alerts ✌️【Career Goals】✌️ Real-time India stock and global stock indices, futures prices, and data to help you make efficient investment decisions. 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 Stock Market Query 】.

Top Blue Chip Stocks Pro Level Stock Alerts ✌️【Career Goals】✌️ Expert predictions with real-time stock trend analysis to help you quickly select high-potential stocks and grow capital. 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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“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 Market Query 】 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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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 Stock Market Query 】. But “last recollection, Nelson Mandela never lost an election.”

Top Blue Chip Stocks Pro Level Stock Alerts ✌️【Career Goals】✌️ Free stock market strategies and analysis based on real-time data, empowering you to choose profitable investment options and avoid risks. Our expert predictions will help you stay in tune with the latest market trends. Whether a coalition government can deliver for the people is deeply uncertain, but one thing is clear: South Africa and the ANC – Mandela’s former liberation movement that triumphed over apartheid – will never be the same.

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