Amogelang Mbatha

Johannesburg, South Africa

Financial journalist with a flair and love for financial markets, business and all that turns the wheels of the economy at large. I'm a financial news-hound!

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Articles

South African Rand Weakens as Traders Await Cabinet Announcement

Jun 26, 2024 | yahoo.com | Mpho Hlakudi |Amogelang Mbatha

Mpho Hlakudi and Amogelang MbathaJune 26, 2024 at 1:44 AM·2 min read(Bloomberg) -- The South African rand weakened for a third day as traders awaited news on the appointment of a cabinet, almost a month after elections stripped President Cyril Ramaphosa’s party of its parliamentary majority. Most Read from BloombergYouTuber Dr Disrespect Was Allegedly Kicked Off Twitch for Messaging MinorVW Latches Onto Rivian in $5 Billion EV Pact to Regain MomentumTrump Could Actually Lose Florida. Here’s Why.
South Africa Election: Rand Weakens as Cabinet Announcement Awaited

Jun 26, 2024 | bloomberg.com | Mpho Hlakudi |Amogelang Mbatha

The South African rand weakened for a third day as traders awaited news on the appointment of a cabinet, almost a month after elections stripped President Cyril Ramaphosa’s party of its parliamentary majority. Negotiations on the formation of a new executive are continuing. The African National Congress, the biggest party in the broad coalition that’s set to govern the country, said the cabinet is expected to be unveiled in the next two days.
South Africa’s ANC courts rivals after election humiliation

Jun 2, 2024 | japantimes.co.jp | Amogelang Mbatha |Ntando Thukwana

South Africa’s African National Congress has begun talks with rivals to form a government following its worst performance in an election since Nelson Mandela led it to power at the end of apartheid in 1994. The ANC obtained 159 of the 400 seats in the National Assembly in the May 29 elections, the electoral commission announced on Sunday, a precipitous decline from the 230 seats President Cyril Ramaphosa’s party won five years ago.
South Africa’s ANC courts rivals after election humiliation

Jun 2, 2024 | thederrick.com | Amogelang Mbatha |Ntando Thukwana
South Africa’s ANC courts rivals after election humiliation

Jun 2, 2024 | miamiherald.com | Amogelang Mbatha |Ntando Thukwana

South Africa's African National Congress has begun talks with rivals to form a government following its worst performance since Nelson Mandela led it to power at the end of apartheid in 1994. The ANC obtained 159 of the 400 seats in the National Assembly in the May 29 elections, the electoral commission announced on Sunday, a precipitous decline from the 230 seats President Cyril Ramaphosa's party won five years ago.
South Africa’s ANC Courts Rivals After Election Humiliation

Jun 2, 2024 | yahoo.com | Amogelang Mbatha |Ntando Thukwana

Amogelang Mbatha and Ntando ThukwanaJune 2, 2024 at 11:33 AM·5 min read(Bloomberg) -- South Africa’s African National Congress has begun talks with rivals to form a government following its worst performance since Nelson Mandela led it to power at the end of apartheid in 1994.
South Africa’s ANC Gets 40% of Parliament Seats in Election

Jun 2, 2024 | bnnbloomberg.ca | Amogelang Mbatha |Ntando Thukwana

(Bloomberg) -- South Africa’s governing African National Congress obtained 159 seats in the nation’s National Assembly in elections held on May 29, according to results announced by the electoral commission on Sunday. The final tally confirms the ANC ceded its parliamentary majority for the first time since Nelson Mandela led the former liberation movement to power three decades ago. The number of seats President Cyril Ramaphosa’s party holds compares with 230 in the last election in 2019.
South African Election: ANC Gets 40% of Parliament Seats, Losing Its Majority

Jun 2, 2024 | bloomberg.com | Amogelang Mbatha |Ntando Thukwana

South Africa’s governing African National Congress obtained 159 seats in the nation’s National Assembly in elections held on May 29, according to results announced by the electoral commission on Sunday. The final tally confirms the ANC ceded its parliamentary majority for the first time since Nelson Mandela led the former liberation movement to power three decades ago.
South Africa’s ANC courts rivals after election humiliation

Jun 1, 2024 | leadertelegram.com | Amogelang Mbatha |Ntando Thukwana

South Africa’s African National Congress has begun talks with rivals to form a government following its worst performance since Nelson Mandela led it to power at the end of apartheid in 1994. The ANC obtained 159 of the 400 seats in the National Assembly in the May 29 elections, the electoral commission announced on Sunday, a precipitous decline from the 230 seats President Cyril Ramaphosa’s party won five years ago.
ANC Support Slips Again With 76% of South Africa Voting Districts in

May 31, 2024 | bloomberg.com | Amogelang Mbatha |Ntando Thukwana

South Africa’s ruling African National Congress has suffered further slippage in support with 76% of voting districts tallied. The electoral commission said the party had polled 41.5% of votes cast on May 29, or a few tenths of a percentage point less than two hours before. That keeps it on track to lose its national majority for the first time since taking power in 1994, as South Africans rebuked it for a decade of sluggish growth and sky-high unemployment.