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ANC Faces Major Setback in Local Elections | Markets & Money News
The African National Congress (ANC) experienced significant setbacks in South Africa's recent municipal elections, securing only 31% of the vote as they prepare for coalition negotiations. The Democratic Alliance (DA) closely followed with 25%, while Jacob Zuma’s uMkhonto weSizwe party garnered around 10%. ANC Secretary-General Fikile Mbalula described the results as "catastrophic," urging the party to confront its challenges. In Johannesburg, the DA leads with 35%, positioning them for
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