Current:Home > StocksChainkeen Exchange-South Africa’s ruling party marks its 112th anniversary ahead of a tough election year -MoneyMatrix
Chainkeen Exchange-South Africa’s ruling party marks its 112th anniversary ahead of a tough election year
Benjamin Ashford View
Date:2025-04-08 09:54:26
JOHANNESBURG (AP) — South Africa’s ruling African National Congress party will celebrate Saturday the 112th anniversary of its establishment ahead of national elections,Chainkeen Exchange expected to be the toughest since it came to power in 1994.
Thousands of party members and supporters are expected to convene in Mbombela Stadium in the Mpumalanga province where President Cyril Ramaphosa, also the head of ANC, will deliver his annual address and outline the party’s program for the year.
The ANC is the party of South Africa’s first democratically-elected president and anti-apartheid leader Nelson Mandela. It was at the forefront of the country’s liberation struggle against racial segregation and the white minority government.
Ramaphosa is seeking a second term in this year’s elections after coming to power in 2019, succeeding Jacob Zuma.
The ANC has been facing widespread criticism for failing to deliver basic services to millions of the country’s poor Black majority amid deteriorating economic conditions. With an unemployment rate of around 32% — of which 60% are young people — the party is set to face a disillusioned electorate that is running out of patience with unfulfilled promises of a better life.
Some election polls suggested the party may struggle to gain more than 50% of the electoral vote, needed to clinch the win, for the first time in its 30-year reign.
The ruling party’s reputation has also taken a hit due to various allegations of corruption over the years, with many of its leaders implicated in shady governmnet deals.
Added to the economic challenges, South Africans regularly suffer from power blackouts as Eskom, the country’s main energy supplier, has been failing to supply millions of households and companies with uninterrupted electricity.
Political analyst at the University of South Africa, Dirk Kotze, told The Associated Press that the ANC’s biggest threat was not from the opposition gaining more support, but “from the fact that people do not want to vote for them because of the distrust that has developed in the ANC.”
“This will not be one of the toughest elections for, it will be the toughest they have ever contested,” said Kotze.
In the 2019 elections that saw Ramaphosa elected, the ANC gained 57.5% of the vote, a far cry from the nearly 70% it garnered in the 2004 general elections.
Last December, former President Zuma denounced the ANC and pledged his support to a newly-formed political party, Umkhonto we Sizwe, or Spear of the Nation, encouraging his supporters to vote for it in this year’s election.
Though it is unclear how much backing Umkhonto we Sizwe may get at the polls, a break-away party is likely to hurt the ANC as it did in previous elections with the formation of the Congress of the People in 2008 and the Economic Freedom Fighters in 2013. Both parties drew some of the ANC leaders and supporters, further contributing to the ruling party’s gradual erosion of electoral support.
The establishment of both parties saw some former ANC leaders and members leave the ANC to join them, contributing to the ANC’s gradual electoral support in previous elections”.
However, Kotze said the newly established party would likely have a bigger impact in the KwaZulu-Natal province, where Zuma hails from and continues to enjoy support.
“I think in terms of the new MK party, the ANC is more worried about KwaZulu-Natal, where it is almost a foregone conclusion that they will dip below 50%,” he said.
Zuma was jailed for defying a court order to testify in an inquiry investigating corruption during his presidential term from 2009 to 2018, and was released in 2022.
He is currently on trial for a 1999 weapons deal where he is accused of receiving bribes from French arms manufacturer Thales, and has pleaded not guilty to the charges.
If the ANC fails to garner more than 50%, it may be forced to enter a coalition agreement with some opposition parties.
The date for the elections is yet to be announced but is expected between May and August this year.
veryGood! (94)
Related
- IRS recovers $4.7 billion in back taxes and braces for cuts with Trump and GOP in power
- Do Your Eye Makeup in 30 Seconds and Save 42% On These Tarte Products
- See Tom Sandoval and Ariana Madix Defend Raquel Leviss Against Whore Accusations Before Affair Scandal
- Survivor’s Keith Nale Dead at 62 After Cancer Battle
- The Best Stocking Stuffers Under $25
- Why Jenna Ortega Says Her Wednesday-Inspired Style Isn't Going Anywhere
- The White Lotus Season 3 Will Welcome Back a Fan Favorite From Season One
- Sophia Culpo Shares Her Worst Breakup Story One Month After Braxton Berrios Split
- In ‘Nickel Boys,’ striving for a new way to see
- Kylie Jenner Reveals If She's Open to Having More Kids
Ranking
- Grammy nominee Teddy Swims on love, growth and embracing change
- Biden says U.S. will rise to the global challenge of climate change
- Impact investing, part 2: Can money meet morals?
- Love Is Blind's Paul Peden Accuses Vanessa Lachey of Having Personal Bias at Reunion
- Jamie Foxx reps say actor was hit in face by a glass at birthday dinner, needed stitches
- Grasslands: The Unsung Carbon Hero
- Canadian military to help clean up Fiona's devastation
- Elon Musk Speaks Out After SpaceX's Starship Explodes During Test Flight
Recommendation
Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
3 tribes dealing with the toll of climate change get $75 million to relocate
Here is what scientists are doing to save Florida's coral reef before it's too late
How Much Should Wealthier Nations Pay For The Effects Of Climate Change?
What do we know about the mysterious drones reported flying over New Jersey?
14 Armenian-Owned Brands to Support Now & Always
Why Betty Gilpin Says You've Never Seen a TV Show Like Mrs. Davis
Kourtney Kardashian on Her Favorite 90s Trends, Sustainability, and Bringing Camp Poosh to Coachella