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ANC retains power in South African elections

The South African election ended with very few surprises as the African National Congress (ANC) the ruling party since the first democratic election in 1994, once again secured another term winning the national vote by 57.5% and earning 230 seats in the 6th Parliament.

The ANC’s nearest rivals the Democratic Alliance (DA) which won 20.8% of the vote and the Economic Freedom Fighters (EFF) which managed to 10.8% gaining 84 and 44 seats, respectively. Victory for the ANC did come with a cost, as the lessor voter turnout as well as other parties gaining ground signal that the party will have to reform in order grow popularity again.

South African President Cyril Ramaphosa will be sworn in again as the President of the country on the 25 May 2019 in the City of Tshwane.

 

By Mokgethi Mtezuka

Russia will continue strategic partnership with South Africa

Image: Getty, Alexey NIKOLSKY/AFP

The Russian foreign ministry said on Sunday that Russia will continue to develop strategic partnership with South Africa – this after parliamentary elections in the country.

READ MORE:South Africa takes to the polls

The African National Congress (ANC), South Africa’s ruling party since 1994 won majority votes in the polls, 57.5 % and earned 230 seats out of 400 in the National Assembly lower parliament house.

“Moscow is committed to further development of relations of strategic partnership with South Africa in the political, trade-and-investment, humanitarian and other areas and will continue to coordinate actions within the United Nations, BRICS, the Group of Twenty and other multilateral formats in the interests of ensuring global security and strengthening the polycentric world order,” the ministry said.

 

Source: Tass

Magashule applauds success stories of BRICS countries on agrarian revolution

ANC secretary-general Ace Magashule in his closing address at the BRICS political parties plus dialogue applauded the land reform process mainly land expropriation without compensation, as recently passed by the South African government.

According to Magashule, the African National congress (ANC) is committed to tackle inequalities in South African society. “ Some of the magnificent and successful stories of the Brics countries on agrarian revolution is a testimony to the strategic objectives we want to achieve,” Magashule said.

The secretary-general said that the Freedom Charter contains a very important message, one of land redistribution.  The Freedom Charter was the statement of core principles of the South African Congress Alliance, which consisted of the African National Congress (ANC) and its allies – the South African Indian Congress, the South African Congress of Democrats and the Coloured People’s Congress.

The political dialogue closed up deliberations with an adoption of a 25 point plan, titled the Tshwane 2018 Communique on Addressing Inclusive Economic Development Growth, Peace and Stability, Multilateralism and the Fourth Industrial Revolution.

 

Source: The Citizen

South Africa’s stimulus package to include a set of economic reforms

South Africa proposed a stimulus package that will include a set of economic reforms including mining, telecommunications, tourism and transport says the Presidency.  

According to Bloomberg.com the economic stimulus package taken by the South African leaders is aimed at boosting economic activity and confidence in sectors affected by regulatory uncertainty.

“The stimulus package will re-prioritise government spending, within the existing fiscal framework, towards activities that will stimulate economic stability” Cyril Ramaphosa’s office said in an emailed statement.

The Presidency gave highlights of the measures to be taken. The measures will soon be made known to businesses and labour leaders, the measures were discussed during the meeting held in Pretoria on September the 14th.

South African finance minister, Nhlanhla Nene told Mail and Guardian that the country needs a stimulus package of about R48 billion as proposed by the African National Congress (ANC) to create jobs and increase investments.

 

 

Source: Bloomberg