South Africa was pitched into an uncertain political future after election projections signalled the end of the 30-year dominance by Nelson Mandela’s party and a new era of coalition rule.
The African National Congress looked likely to have a blunt choice of partners to retain control and potentially make kingmakers of populists such as Julius Malema, the leader of the Marxist Economic Freedom Fighters, or the party led by the ex-president Jacob Zuma.
The country’s currency, stocks and bonds fell on Thursday after early results put the ANC on 43.3 per cent, well short of a parliamentary majority, dividing opinion on where the party would go for support.
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