South Africa's ANC takes early lead in election

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South Africa's ANC takes early lead in election
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Early results show South Africa’s ANC in lead in national polls

South African President Congress Cyril Ramaphosa waves to his supporters as he arrives for the ANC's final rally at Ellis Park Stadium in Johannesburg, South Africa on May 5, 2019.

The Economic Freedom Fighters, founded six years ago by former ANC youth leader Julius Malema, was sitting at eight percent. "The outcome of this election will be a major boost for investors... and investor confidence, it's about confidence and about the future," Ramaphosa said after voting on Wednesday.Support for the ANC has fallen in every election since 2004 with the party taking 54 percent in 2016 municipal elections, compared with 62 percent in 2014's national vote.

"The higher the percentage for the ANC, the more it will give him bargaining power," Dirk Coetzee, a professor at University of South Africa's political science department, said. Of the 47 opposition parties in the race, only the main opposition centrist DA and the radical-left EFF are major players.Its first black leader, Mmusi Maimane, is contesting his maiden general election since taking the helm in 2015 and is expected to make modest gains on the DA's 2014 vote share of 22 percent.

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