View full page at metalsmine.com

 

South Africa's ANC loses majority, needs allies

From channelnewsasia.com

South Africa's ruling African National Congress faced a search for allies to help it form a new government Saturday (Jun 1) after it lost its three-decade-old absolute majority in a watershed election. With 99.62 per cent of the votes from Wednesday's election counted, President Cyril Ramaphosa's ANC had only 40 per cent, a catastrophic slump from the 57.5 per cent it won in 2019. This marks a historic turning point for South Africa as the party has enjoyed an absolute majority since 1994 when liberation hero Nelson Mandela led the nation out of white-minority rule and into democracy. South Africa's ruling African ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis