IBOV 171,006.10 ▼ 2.68% IPC MEX 69,182.39 ▼ 0.76% MERVAL 2,848,945 — — USD/BRL5.35▼ 0.01% USD/MXN18.75▲ 0.58% USD/CLP990.88▲ 0.31% USD/COP3,162▲ 0.38% USD/PEN3.45▲ 0.10% USD/ARS1,542▼ 0.02% USD/UYU40.21▲ 3.60% USD/PYG5,818▲ 3.40% USD/BOB11.92▲ 3.40% USD/DOP61.04▲ 1.56% USD/CRC451.45▲ 2.55% USD/GTQ7.64▲ 3.31% USD/HNL26.87▲ 0.25% USD/NIO36.62▼ 0.02% USD/VES886.67▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.89▲ 2.49% USD/TTD6.75▲ 2.73% EUR/BRL5.96▲ 0.17% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99% IBOV 171,006.10 ▼ 2.68% IPC MEX 69,182.39 ▼ 0.76% MERVAL 2,848,945 — — USD/BRL 5.34 ▼ 1.32% USD/MXN 18.69 ▲ 0.62% USD/CLP 983.47 ▼ 0.57% USD/COP 3,149 ▲ 3.06% USD/PEN 3.45 ▲ 0.17% USD/ARS 1,537 ▼ 0.28% USD/UYU 40.21 ▲ 3.57% USD/PYG 5,803 ▲ 3.78% USD/BOB 11.97 ▲ 4.93% USD/DOP 60.54 ▲ 1.83% USD/CRC 451.24 ▲ 2.13% USD/GTQ 7.64 ▲ 3.23% USD/HNL 26.87 ▲ 3.37% USD/NIO 36.62 ▲ 2.81% USD/VES 885.08 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.69 ▲ 2.63% USD/TTD 6.71 ▲ 2.07% EUR/BRL 5.95 ▲ 7.53% BRENT 109.58 ▼ 5.38% WTI 100.12 ▼ 1.61% IRON ORE 161.91 — — COPPER 6.65 ▲ 2.24% GOLD 4,073 ▲ 0.85% SILVER 54.49 ▲ 0.70% SOY 1,250 ▲ 0.70% CORN 450.25 ▼ 1.04% WHEAT 614.75 ▼ 0.20% COFFEE 294.35 ▼ 2.19% SUGAR 19.26 ▲ 0.84% ORANGE JUICE 143.20 ▲ 5.45% COTTON 77.90 ▼ 1.47% COCOA 5,581 ▲ 1.66% BEEF 230.73 ▲ 0.33% CATTLE 346.40 ▼ 1.00% LITHIUM 62.43 ▲ 1.89% PETR4 53.31 ▼ 1.06% VALE3 62.88 ▼ 2.33% ITUB4 41.42 ▼ 0.67% BBDC4 15.69 ▼ 1.63% ABEV3 15.40 ▲ 0.20% BBAS3 17.59 ▲ 0.69% B3SA3 15.27 ▲ 1.33% WEGE3 45.78 ▲ 2.81% PRIO3 69.21 ▼ 2.71% SUZB3 47.14 ▼ 0.55% RENT3 31.14 ▼ 1.67% AZZA3 16.72 ▲ 1.15% CSAN3 2.69 ▼ 2.89% RAIZ4 0.34 — 0.00% PCAR3 2.22 ▼ 3.48% GMAT3 3.74 ▲ 2.19% PSSA3 47.75 ▼ 0.89% CVCB3 0.98 — 0.00% POSI3 3.56 ▼ 0.84% SLCE3 16.97 ▼ 2.75% NATU3 5.68 ▼ 3.89% BRKM5 3.80 ▲ 19.50% RANI3 7.34 ▼ 0.54% CSNA3 4.76 ▼ 4.99%
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Thursday, October 29, 2026

Africa South Africa

Political Winds Shift Ahead of South Africa’s Elections

By · April 12, 2024 · 2 min read

As South Africa’s May 29 election nears, a Social Research Foundation survey reveals considerable changes in the political scene.

The African National Congress (ANC), long the dominant force in post-apartheid South Africa, now faces a significant challenge.

The poll reveals a stark decline in ANC support, predicting it might only secure 37% of the vote—a sharp drop from the near 50% levels observed in 2022 and 2023.

This downturn in ANC fortunes suggests they may lose their majority, compelling them to form coalitions with smaller entities.

Meanwhile, Jacob Zuma, South Africa’s former president, has emerged as a pivotal figure in this evolving scene.

His new political vehicle, the Umkhonto we Sizwe party (MKP), is making inroads, capturing 13% voter support and ranking as the third most popular party.

Political Winds Shift Ahead of South Africa's Elections.
Political Winds Shift Ahead of South Africa’s Elections.
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MKP aims to challenge the longstanding dominance of the ANC appealing to voters disillusioned with the current political leadership and ongoing issues within the country.

The correlation between the ANC’s loss and MKP’s gain indicates a migration of voters, disillusioned with the ANC, towards Zuma’s fold.

Records from as early as 2022 showed about a third of ANC supporters were contemplating this shift.

Since its inception following the end of apartheid in 1994, the ANC has enjoyed uninterrupted control, a testament to its historical significance and political acumen.

Zuma’s presidency, from 2009 to 2018, ended amidst controversies involving corruption across government sectors.

Zuma’s legal battles culminated in a 2021 prison sentence

His subsequent legal battles culminated in a 2021 prison sentence for contempt of court, though he was released on medical grounds after two months.

Despite these challenges, his active campaigning for MKP since December has not only revitalized his political career but also endeared him to crucial voter segments.

This snapshot of South Africa’s current political climate underscores a crucial turning point.

Zuma’s enduring influence despite past scandals, combined with the ANC’s potential coalition future, signals a critical juncture for the nation’s democracy and governance.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

Part of our ongoing coverage

Africa: The New Scramble — the great-power contest over the continent.

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