South Africans vote today in most-competitive election since apartheid ...Middle East

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South Africans vote today in most-competitive election since apartheid
source : forex live ( Middle East ) () 26
The South African rand is in focus today as the nation holds a national election that could bring a change unseen in 30 years.The ANC has held a majority in parliament since apartheid ended 30 years ago but that could change today. The party is polling in the mid-40% range in the country's proportional representation system. In the previous election, the party won 57.5% but it's likely to fall below half this time and that will lead to some kind of power-sharing agreement in the 400-seat parliament.The polls close in about 4 hours at 1700 GMT and results are expected to start trickling in within hours of that.Barring a big surprise, I wouldn't expect a significant move in the rand. The rule

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