South Africa awaits election results, coalition race begins
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South Africans await confirmation of a historic election outcome that will dismantle a 30-year ANC majority. The ANC's support dropped to 40% in the recent election, down from 57.5% in 2019. The ANC must now share power, likely with a major political rival, to maintain its position. Political parties will have two weeks to form a new ruling coalition after the official announcement of results. The ANC had won every national election since 1994, but its support has dwindled due to economic stagnation and rising unemployment. The Democratic Alliance received 21.8% of the votes, while the new party uMkhonto we Sizwe (MK) led by former President Jacob Zuma secured 14.6%. The Economic Freedom Fighters (EFF) received 9.5% of the votes. The DA and the Inkatha Freedom Party are discussing their next steps, but no coalition talks have begun yet. MK is considering challenging the results in court.
#SouthAfrica #Elections #Anc #Coalition #DemocraticAlliance #UmkhontoWeSizwe #EconomicFreedomFighters
https://www.investing.com/news/economic-indicators/south-africa-awaits-election-results-coalition-race-begins-3466790
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