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South Africa Elections: 5 Things You Need to Know
Posted
May 7, 2019
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May 7, 2019
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1:19Now Playing25 years into South Africa's democracy, voters this week will decide whether to renew the ANC's mandate to govern for a 6th term. #SAElections2019
Siyabonga Matlala is unequivocal about who he’ll support in South Africa’s May 8 election: the same party he’s backed since apartheid ended a quarter century ago.
“I will always vote African National Congress,” the 49-year-old farm laborer said in an interview in Fisantekraal, a shantytown on Cape Town’s outskirts. “There is no reason to change now.”
The unwavering loyalty of voters like Matlala has underpinned the ANC’s grip on power. That’s helped it weather a succession of scandals under its former leader, Jacob Zuma, and mounting public anger over rampant unemployment and sub-standard government services. Opinion polls show the party is on course to secure a sixth five-year mandate, although with a marginally smaller share of the vote than the 62 percent it won in 2014.
Analysts at banks ranging from Goldman Sachs to Standard Bank say an ANC win of around 60 percent will give Ramaphosa the support needed to introduce reforms to ignite investment and economic growth, spurring a rally in the rand, stocks and bonds. Losing its majority or even a narrow victory may spark capital outflows.
The ANC’s final campaign push illustrated its dominance. On Saturday it staged rallies in six towns, and on Sunday it packed out Johannesburg’s 62,567-seat Ellis Park stadium and screened the proceedings to thousands of other supporters who couldn’t get in and were accommodated in a nearby venue.
A gathering staged by the Economic Freedom Fighters, the third-largest party, at the Orlando stadium in Soweto, southwest of Johannesburg, on Sunday drew about 40,000 people. The main opposition Democratic Alliance filled the nearby 24,000-seat Dobsonville stadium for its final campaign event on Saturday.
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