What We're Watching

South Africa hangs in the balance: ANC leads but may lose majority

South African president Cyril Ramaphosa casts his vote during the South African elections in Soweto, South Africa May 29, 2024
South African president Cyril Ramaphosa casts his vote during the South African elections in Soweto, South Africa May 29, 2024
REUTERS/Oupa Nkosi

As the votes are being counted in South Africa’s most competitive election since the African National Congress came to power 30 years ago, the ANC is currently leading with 44% of the vote followed by the Democratic Alliance with 25%.

If the ANC fails to capture a clear majority but can scrape out at least 45% of the vote, it will likely be able to reinstate current President Cyril Ramaphosa and only need to make minimal policy compromises.

“If the ANC come in just under a majority, they are likely to approach smaller, ideologically aligned parties … to put together a stable coalition where they would be the dominant party,” says Eurasia Group’s senior Africa analyst, Ziyanda Stuurman.

Meanwhile, former President Jacob Zuma’s uMkhonto weSizwe Party — which has received just 14% of the vote — is calling for an opposition coalition to be formed to rival the ANC. But the second- and the third-largest opposition parties aren’t interested in joining the ranks.

It’s still too soon to call. “We are still early in the counting process, with only 34% of the country’s voting districts reporting results,” Stuurman cautioned. “The two largest provinces in the country have reported less than 30% of their results, and many of the larger rural regions in the country are only reporting about half of their results at this point.”

We’ll be watching through the weekend to see how the soetkoekie crumbles.

More For You

QatarEnergy's liquefied natural gas production facilities, amid the US-Israeli conflict with Iran, in Ras Laffan Industrial City, Qatar, on March 2, 2026.
REUTERS/Stringer

The US-Israeli war with Iran has badly damaged oil & gas producers in the Gulf and consumers in the Indo-Pacific. But not all countries within those regions will feel the pain equally.

A Russian LNG tanker, Arctic Metagaz, damaged earlier this month and currently adrift without crew, floats in international waters in the Mediterranean Sea between Malta and the Italian islands of Lampedusa and Linosa, in this handout picture released on March 13, 2026.
Marina Militare/Handout via REUTERS

700: The tons of fuel and liquefied natural gas aboard a Russian tanker that is currently floating around the Mediterranean Sea unmanned, after a drone attack earlier this month prompted the crew to abandon ship.