Sygnia, the asset manager cofounded by Magda Wierzycka, said the ANC was voted out of power for mismanaging the economy among other things, warning that much would depend on what political choices and compromises are made in the weeks ahead.

“The final election results reflected years of neglect and mismanagement of the economy, as well as a lack of strategic planning, with ANC support falling to 40%,” said Sygnia on  Wednesday. “The options facing the ANC at the time of writing are to form coalitions or to govern as a minority government.”..

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