As polling results continue to.........>

SOUTH AFRICA: As polling results continue to trickle through, the results appear

to be broadly inline with expectations, as the incumbent ANC look to win for a

sixth consecutive parliament but with a diminished vote share. Latest AP reports

suggest ANC taking away 55% of the vote with around a third of ballots counted -

toward the lower end, but within the ranges of expectations (55-60%). Final

results will be confirmed on Saturday.

-USD/ZAR has respected the recent range, with the 50-dma coming in as support at

the 14.2906 mark and the downtrendline keeping a top on price action at 14.4449.

-Once votes are finalised, attention will turn to the make-up of the new

government's cabinet, with a lower vote share for the ANC (particularly if the

left wing EFF make material gains) seen as a decent roadblock to pushing through

infrastructure and land reform legislature.