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South Africa’s ruling ANC set to lose majority in pivotal vote, early projection shows

In Business
May 30, 2024

Residents line up to cast ballots in the national election on May 29, 2024 in Matatiele, South Africa.

J. Countess | Getty Images News | Getty Images

South African’s governing African National Congress appears set to lose majority control in the country’s most seismic political transition since the end of the apartheid.

Early indications from just over 11% of polls show the ANC gaining 42.83% of support. Reuters reported that the country’s Council for Scientific and Industrial Research separately predicted that the ANC will gain roughly 42% of the national vote, off projections made when 8.5% of polling stations had recorded results.

Provisional results are still subject to change.

The U.S. dollar was up 1.31% against the South African rand at 8:30 a.m. London time, following the report.

This breaking news story is being updated.

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