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Posts Tagged ‘DA’
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May 23, 2019

South Africa’s parliament elects Cyril Ramaphosa as president

South African legislators elected Cyril Ramaphosapresident on Wednesday and he promised to create jobs and work for the interests of all citizens, not just members of the majority African National Congress (ANC).

The ANC won South Africa’s May 8 general election, enabling the party to pick the country’s president, but its share of the vote fell to a post-apartheid low – reflecting anger at corruption and cronyism under Ramaphosa’s predecessor Jacob Zuma.

Many voters were also dismayed at the racial inequality that remains entrenched a generation since the former liberation movement took power.

“Only one candidate has been nominated. [...]

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May 9, 2019

ANC TAKES EARLY LEAD AS RESULTS START TRICKLING IN

It will still be more than 48 hours before South Africans know the final results.

Nationally, the African National Congress (ANC) is enjoying an early lead followed by the Democratic Alliance (DA) and the Economic Freedom Fighters (EFF).

By 4am on Thursday morning, 887,867 valid votes had been captured.

Party agents sat anxiously with their eyes fixed to their computer screens and monitors showing the early votes.

The ANC has taken an early lead at just over 50% nationally followed by the DA and EFF at 28% and 7%, respectively.

In the Western Cape, the DA was sitting on 60% of the vote so far.

It will still be more than 48 hours before South [...]

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April 25, 2019

South Africa brings forward Eskom bailout to avert default

South Africa’s government has had to bring forward the bailout of state power firm Eskom, after it rushed R5-billion to the struggling utility earlier this month to avert a default and said more cash could be needed soon.

Eskom supplies more than 90% of electricity in Africa’s most advanced economy but is grappling with cashflow problems and a debt mountain which it is struggling to service.

The government in February promised Eskom a R23-billion a year bailout over the next three years, but it only expected to start giving the cash-strapped utility the first tranche of funds between August and October this year.

But by the end of March, Eskom was [...]

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March 15, 2018

WITH BOGEYMAN ZUMA BEHIND, SA STEPS INTO THE POLITICAL UNKNOWN

Over the weekend leader of the Economic Freedom Fighters Julius Malema demonstrated, if another demonstration was necessary, that he intends to make the 2019 elections all about race. At the same time, the election of Cyril Ramaphosa as ANC leader and then president of the country has led to claims that our politics is about to change fundamentally.

It is, obviously, incredibly foolish to attempt to predict the issues and outcomes of the 2019 elections on a date as early as today’s. The land issue could play out in complex and emotive ways, or somehow end up on the back burner as it has for the last 20 years.

Still, the actions of some politicians are rather revealing. [...]

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