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Top related persons:
Jacob Zuma - 1 Long - 1 Nelson Mandela - 1 Cyril Ramaphosa - 1
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South Africa Matatiele London Johannesburg
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ANC - 2 Marxist Economic - 2 Fighters - 2 World Bank - 2 African National Congress - 1 Democratic Alliance - 1 Deloitte - 1 country's Council for Scientific - 1

Search resuls for: "Marxist Economic"


5 mentions found


☆ South Africa's ruling ANC loses majority in country's most sweeping political shift in 30 years
  + stars: | 2024-06-01 | by ( Ruxandra Iordache | ) www.cnbc.com   time to read: +1 min
South Africa's governing African National Congress lost its parliamentary majority of 30 years, in the country's most sweeping political shift since the end of the apartheid. The six-months-old uMkhonto weSizwe party of the country's former president Jacob Zuma, established in December, clinched 14.6% of votes. The result marks a meteoric fall for ANC from the 57.5% wrested during the previous election of 2019 — at the time, the party's weakest feat since South Africa's first democratic vote in 1994. In 2022, the World Bank named South Africa "the most unequal country in the world." "Top-of-mind issues for voters are unemployment, loadshedding, corruption, and crime, which have all taken a toll on the country's growth performance for years," analysts at Deloitte said at the start of the month.
Persons: Jacob Zuma, Long Organizations: African National Congress, ANC, Democratic Alliance, Marxist Economic, Fighters, World Bank, Deloitte Locations: South Africa
☆ South Africa's ruling ANC set to lose majority in pivotal vote, early projection shows
  + stars: | 2024-05-30 | by ( Ruxandra Iordache | ) www.cnbc.com   time to read: +2 min
Residents line up to cast ballots in the national election on May 29, 2024 in Matatiele, South Africa. South African's governing African National Congress appears set to lose majority control in the country's most seismic political transition since the end of the apartheid. The International Monetary Fund projects that South Africa's gross domestic product will climb by 0.9% in 2024. The democratic process is going to emerge victorious," ANC leader and South Africa's incumbent President Cyril Ramaphosa, 71, said Wednesday on social media. The U.S. dollar was up 1.31% against the South African rand at 8:30 a.m. London time, following the report.
Persons: Nelson Mandela, Cyril Ramaphosa Organizations: Reuters, country's Council for Scientific, Industrial Research, ANC, Democratic Alliance wresting, Marxist Economic, Fighters, African National, ANC —, World Bank, Monetary Fund, South, National Union of Mineworkers, Associated Press, U.S Locations: Matatiele, South Africa, London, Johannesburg
☆ South African rand weakens ahead of anti-government protest
  + stars: | 2023-03-20 | by ( ) www.reuters.com   time to read: +1 min
JOHANNESBURG, March 20 (Reuters) - The South African rand weakened against the dollar on Monday ahead of planned protests by the Marxist Economic Freedom Fighters (EFF) party. At 0743 GMT the rand traded at 18.4350 against the dollar, 0.16% weaker than its previous close. South African security forces on Monday said 87 people had been arrested over the past 12 hours over public violence. The Marxist Economic Freedom Fighters (EFF) party has called for a national shutdown to protest crippling power cuts and demand the resignation of President Cyril Ramaphosa. "This constitutes a risk event for the country and could harm sentiment on South African markets if the outcome is bad," ETM Analytics said in a note.
☆ South Africa's EFF marches to demand president's resignation
  + stars: | 2023-03-20 | by ( ) www.reuters.com   time to read: +3 min
[1/5] Members of the political party, Economic Freedom Fighters (EFF), gather at Church Square after calling for a "National Shutdown" and demanding resignation of President Cyril Ramaphosa in Pretoria, South Africa March 20, 2023. REUTERS/Alet PretoriusJOHANNESBURG, March 20 (Reuters) - Thousands marched through the streets of South Africa's cities on Monday to demand that President Cyril Ramaphosa resign, as security forces guarded malls and roads to prevent violence and looting. The Marxist Economic Freedom Fighters (EFF) party, whose supporters are mainly poor and working class Black South Africans who feel marginalised since the governing African National Congress (ANC) ended white minority rule in 1994, had called for a national shutdown. South African security forces said on Monday that 87 people had been arrested in the last 12 hours over public violence ahead of planned protests. Parliament said in a statement on Sunday that the South African military would deploy 3,474 troops for a month until April 17 to prevent and combat crime in cooperation with the police.
☆ South African authorities arrest 87 ahead of anti-government protest
  + stars: | 2023-03-20 | by ( ) www.reuters.com   time to read: +1 min
JOHANNESBURG, March 20 (Reuters) - South African security forces said on Monday that 87 people had been arrested in the last 12 hours across the country over public violence ahead of planned protests by the Marxist Economic Freedom Fighters (EFF) party. The EFF has called for a national shutdown to protest crippling power cuts and demand the resignation of President Cyril Ramaphosa. The party's main constituency are the poor and working class Black South Africans who feel left out of the country's prosperity since the governing African National Congress (ANC) ended white minority rule in 1994. Parliament said in a statement on Sunday that the South African military would deploy 3,474 troops for a month until April 17 to prevent and combat crime in cooperation with the police. "Law enforcement officers are on high alert and will continue to prevent and combat any acts of criminality," NatJOINTS said.
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