By 1.30pm, the governing ANC had secured 56.21% of the national vote, followed by the DA with 24.17%
The ANC also led in Gauteng with 50.48%, but is at risk of losing its majority in the province, which would force it into seeking a coalition. The prospect of a Gauteng coalition is being closely watched by the market.
By 1.30pm the rand was up 0.14% to R14.3541/$, 0.15% to R16.0596/€, and 0.29% to R18.6411/£. The euro was flat at $1.1188.The rand strengthened overnight to R14.3075/$ despite some caution as the country awaited the election outcome. The results are expected to be officially announced during the course of the weekend.
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