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ANC Support Drops in South African Poll as Zuma Party Surges

Support for South Africa’s ruling African National Congress is plunging and a party backed by former President Jacob Zuma may become the country’s third-biggest after next month’s election, a new opinion poll shows. The rand weakened. ....

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ANC Support Drops in South African Poll as Zuma Party Surges

(Bloomberg) Support for South Africa’s ruling African National Congress is plunging and a party backed by former President Jacob Zuma may become the country’s third-biggest after next month’s election, a new opinion poll shows. The rand weakened.Most Read from BloombergUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsBond Trader Places Record Futures Bet on Eve of Inflation DataIran’s Better, Stealthier Drones Are Remaking Global WarfareApple’s India iPhone Output Hits $14 Bill ....

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Market jitters: Rand plunges after poll shows surge in support for Jacob Zuma's MK party

The rand by late Wednesday afternoon had fallen to 18.79/dollar from 18.44/dollar earlier. The losses were initially triggered by the poll and then gained momentum after data showed that US inflation picked up pace in March, raising the prospect that US interest rates will remain high for longe. ....

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