(Bloomberg) — The leader of South Africa’s main opposition Democratic Alliance said that investor optimism about it reaching a coalition deal with the ANC to form the next government isn’t misplaced and that it is open to talks that put the country’s interests first. Most Read from Bloomberg The African National Congress ceded its parliamentary […]
(Bloomberg) — South African Reserve Bank Governor Lesetja Kganyago said he and his fellow monetary policymakers will stick to their job of ensuring price stability, regardless of the political uncertainty caused by last week’s election. Most Read from Bloomberg “We will continue to deliver on that mandate, irrespective of how our post-election politics plays out, […]
The News JOHANNESBURG – Leaders of South Africa’s ruling party are locked in intense tasks over who to partner with in a coalition government after losing the parliamentary majority it held for 30 years. Several senior figures in the African National Congress told Semafor Africa the talks were intense with no obvious, easy solutions following […]
CONAKRY, Guinea — Russian Foreign Minister Sergey Lavrov arrived Monday in Guinea on his latest visit to West Africa, where coups and growing discontent with traditional allies like France and the United States have contributed to some countries’ shift toward Moscow. Lavrov has visited the African continent several times in the past couple of years […]
Since South Africa’s first democratic election in 1994, the African National Congress (ANC) has won over 50 per cent of every vote. This 30 year streak of dominance has now come to an end. With the final results set to be announced today (SUNDAY), the ANC has failed to win a majority. Over the last […]
CAPE TOWN, South Africa (AP) — South Africa’s election has decided little, other than the African National Congress that liberated the country from apartheid in 1994 has lost its 30-year majority. It remained the biggest party, though. With no one holding a majority, South Africa’s party leaders are embarking on coalition talks to form a […]
President Cyril Ramaphosa has described South Africa’s election results as a victory for its democracy, despite his African National Congress (ANC) party losing its majority for the first time. The party, which was once led by Nelson Mandela, won 159 seats in the 400-seat parliament, down from 230 in the previous assembly. It is the […]
Humbled by a stinging election result, South Africa’s African National Congress was talking to everyone in an effort to form a stable coalition government for Africa’s most advanced economy, after it lost its 30-year majority, a top party official said on Sunday. ANC secretary-general Fikile Mbalula said the party was open to all negotiations, even […]
By Nellie Peyton and Olivia Kumwenda-Mtambo JOHANNESBURG (Reuters) – South Africans awaited confirmation on Sunday of a historic election outcome that will dismantle a 30-year African National Congress (ANC) majority, an announcement that will start the clock on a frenzied race to form a new ruling coalition. Voters, angry at joblessness, inequality and power shortages, […]
South Korean President Yoon Suk Yeol told AFP he sees opportunities for greater cooperation with African nations ahead of a summit in Seoul on Tuesday (SONG Kyung-Seok) South Korea will aim to secure critical mineral imports and boost trade ties with Africa as President Yoon Suk Yeol hosts dozens of heads of state from the […]
JOHANNESBURG (AP) — Former President Jacob Zuma threatened Saturday to take legal action seeking to stop the announcement of South Africa’s election results as scheduled Sunday, demanding that allegations of vote-rigging made by his party be addressed first. Zuma spoke after his party announced that it was seeking a re-run of the elections, saying it […]
The African National Congress party has lost its parliamentary majority in a historic election result on Saturday that puts South Africa on a new political path for the first time since the end of the apartheid system of white minority rule 30 years ago. With nearly 99 per cent of votes counted, the once-dominant ANC […]