{"id":67343,"date":"2024-05-31T07:09:13","date_gmt":"2024-05-31T07:09:13","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/anc-has-no-good-options-as-majority-vanishes"},"modified":"2024-05-31T08:00:09","modified_gmt":"2024-05-31T08:00:09","slug":"anc-has-no-good-options-as-majority-vanishes","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/anc-has-no-good-options-as-majority-vanishes","title":{"rendered":"ANC has no good options as majority vanishes"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>Just hours after South African President Cyril Ramaphosa predicted that the ANC would easily retain its three-decade stranglehold on politics, it was clear that voters had other ideas, sending the country into uncharted territory.<\/p>\n

Early results from Wednesday\u2019s election show the African National Congress hemorrhaging support in Gauteng and KwaZulu-Natal, the two most populous provinces, and an extrapolation of the tallies by a state research body suggests it will win just 42% of the national vote.<\/p>\n

If that projection proves accurate, the party will lose the outright majority it has held in every election since apartheid ended and have to partner with at least one of its main rivals to retain power or form a minority government, meaning it will no longer have carte blanche to determine policy.<\/p>\n

The prospect of the ANC tying up with either the populist Economic Freedom Fighters or the uMkhonto weSizwe Party (MKP), which is headed by scandal-tainted former President Jacob Zuma, spooked financial markets \u2014 the rand, the country\u2019s bonds and its stock market tumbled after the projections were announced.<\/p>\n

The securities will likely rebound should the ANC partner with the business-friendly Democratic Alliance, which looks set to retain its position as the main opposition.<\/p>\n

That could prove tricky because the two parties have long had an adversarial relationship, clashing over everything from health and education policy to the management of the national budget.<\/p>\n

\u201cIt\u2019s a big deal,\u201d said Sanusha Naidu, a Cape Town-based research associate at the Institute for Global Dialogue. \u201cDepending on how the coalitions pan out, it could have a major bearing on the markets and how the next administration approaches macroeconomic and other policies.\u201d<\/p>\n

Ramaphosa hasn\u2019t been seen in public since he voted in Soweto, near Johannesburg, on Wednesday.<\/p>\n

He refused to discuss coalition options in the lead-up to the election because he was adamant the ANC would be able to continue governing on its own. Formal cooperation talks are unlikely to begin until final results are released this coming weekend, and uncertainty will reign until they are concluded.<\/p>\n

Many of the votes tallied so far are from the largely rural Eastern Cape, an ANC stronghold and the birthplace of the country\u2019s first two Black presidents, Nelson Mandela and Thabo Mbeki.<\/p>\n

\u201cThe projected result is a significant blow for the ANC, but it is the start of a new era of coalition politics in the national government,\u201d said Mike Davies, the founder of political-advisory company Kigoda Consulting.<\/p>\n

\u201cThe exact policy implications will depend on the coalition agreements, but it is clear that the ANC will no longer have the power to drive through contested policies or rubber stamp cabinet decisions using its parliamentary majority. This will complicate the legislative process, but could also enable greater accountability.\u201d<\/p>\n

Both DA leader John Steenhuisen and EFF head Julius Malema have indicated they would be prepared to work with the ANC.<\/p>\n

\u201cIt\u2019s too early to discuss coalitions. We are waiting for the results,\u201d Helen Zille, the chairwoman of the DA\u2019s federal council, said in an interview. \u201cWe will have a meeting on Saturday and Sunday to discuss the way forward.\u201d<\/p>\n

The 112-year-old ANC led the fight against White-minority rule and has held a parliamentary majority since it won the country\u2019s first democratic election under Mandela in 1994.<\/p>\n

But its triumphant first 15 years in power was followed by an era of corruption, mismanagement and economic stagnation. Many South Africans grew disillusioned with the party\u2019s failure to fully address apartheid\u2019s legacy of racial inequality, a theme that both the MKP and EFF have hammered.<\/p>\n

South Africa\u2019s economy grew by an average of less than 1% a year over the past decade as widespread blackouts and decaying infrastructure crippled output.<\/p>\n

While Ramaphosa\u2019s administration has made halting progress in addressing those challenges, it\u2019s been less successful in creating jobs, tackling crime or turning around dysfunctional municipalities \u2014 key drivers of the ANC\u2019s poor performance.<\/p>\n

The projections by the state-run Council for Scientific and Industrial Research show that the MKP, a new party led by the charismatic Zuma, has also eaten into the ANC\u2019s support, particularly in his home province of KwaZulu-Natal.<\/p>\n

Zuma was president for almost nine years before the ANC forced him to step down in 2018 and replaced him with Ramaphosa.<\/p>\n

\u201cUntil there is clarity on the make up of the next administration and the cabinet, particularly the identity of the next finance minister, there will be uncertainty,\u201d said Yvonne Mhango, Africa Economist at Bloomberg Economics.<\/p>\n

\u201cAnd until that happens, the rand and the nation\u2019s bonds will trend weaker.\u201d<\/p>\n

For now, ANC Chairman Gwede Mantashe is putting on a brave face, telling reporters that he expects the party\u2019s share of the vote to increase as more results come in.<\/p>\n

\u201cLet us not project now,\u201d he said. \u201cYou can\u2019t project when votes are coming in.\u201d<\/p>\n

For More News And Analysis About South-Africa<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. Just hours after South African President Cyril Ramaphosa predicted that the ANC would easily retain its three-decade stranglehold on politics, it was clear that voters had other ideas, sending the country into uncharted territory. Early results from Wednesday\u2019s election show the African National Congress hemorrhaging support in Gauteng and KwaZulu-Natal, the two […]<\/p>\n","protected":false},"author":84,"featured_media":67342,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[274,315,275],"class_list":["post-67343","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-south-africa","tag-south-africa-2"],"yoast_head":"\nANC has no good options as majority vanishes - South Africa<\/title>\n<meta name=\"description\" content=\"Just hours after South African President Cyril Ramaphosa predicted that the ANC would easily retain its three-decade str ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/anc-has-no-good-options-as-majority-vanishes\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ANC has no good options as majority vanishes\" \/>\n<meta property=\"og:description\" content=\"Just hours after South African President Cyril Ramaphosa predicted that the ANC would easily retain its three-decade str ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/anc-has-no-good-options-as-majority-vanishes\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-31T07:09:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-31T08:00:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2024\/05\/sm_1717129673.828519.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"768\" \/>\n\t<meta property=\"og:image:height\" content=\"432\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/anc-has-no-good-options-as-majority-vanishes#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/anc-has-no-good-options-as-majority-vanishes\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"ANC has no good options as majority vanishes\",\"datePublished\":\"2024-05-31T07:09:13+00:00\",\"dateModified\":\"2024-05-31T08:00:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/anc-has-no-good-options-as-majority-vanishes\"},\"wordCount\":830,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/anc-has-no-good-options-as-majority-vanishes#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2024\/05\/sm_1717129673.828519.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-South-Africa\",\"South-Africa\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/anc-has-no-good-options-as-majority-vanishes#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/anc-has-no-good-options-as-majority-vanishes\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/anc-has-no-good-options-as-majority-vanishes\",\"name\":\"ANC has no good options as majority vanishes - 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