Rand on a roll as ANC takes pole position in SAElections2019 | Fin24
With close to two-thirds of the ballots counted, the ANC had 56.8% of the vote, according to the Independent Electoral Commission’s website. That majority could rise to 57.7%, a research institute projected, well above the 54.5% in nationwide municipal elections in 2016. The main opposition party, the Democratic Alliance, had 22.5%, down from 27%.The rand advanced 0.4% to 14.
Ramaphosa needs a decisive win to quell opposition in the faction-riven ANC to give him the clout to restructure debt-ridden state-owned companies and combat corruption. A loss of support could have emboldened his critics and limited his policy options.Voting for the 400-member National Assembly and nine provincial legislatures ran until 21:00 on Wednesday, with final results scheduled to be released by May 11. A first meeting of the new parliament has been provisionally set for May 22.
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