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My Profile Top News Reuters top ten news stories delivered to your inbox each day. Subscribe You are here: Home > News > International > Article Home Business & Finance News U.S. Politics International Technology Entertainment Sports Lifestyle Oddly Enough Environment Health Science Special Coverage Video Pictures Your View The Great Debate Blogs Weather Reader Feedback Do More With Reuters RSS Widgets Mobile Podcasts Newsletters Your View Make Reuters My Homepage Partner Services CareerBuilder Affiliate Network Professional Products Support (Customer Zone) Reuters Media Financial Products About Thomson Reuters ANC wins big in South Africa Sun Apr 26, 2009 7:17am EDT Email | Print | Share | Reprints | Single Page [-] Text [+] By Stella Mapenzauswa and Serena Chaudhry PRETORIA (Reuters) - South Africa's ruling ANC won a sweeping election victory Saturday and party leader Jacob Zuma pledged that as president he would work with unions and business to ensure stability amid global turmoil. "There will be no surprises in the next administration's program of action," Zuma said in a victory speech. "The electorate has endorsed our call for an equitable, sustainable and inclusive growth path that will bring decent work and sustainable livelihoods," Zuma, who is due to be sworn in as president on May 9, said. Official results of Wednesday's election gave Zuma's African National Congress 65.9 percent of the vote, a big victory but just short of the two-thirds needed to ensure a parliamentary majority big enough to make constitutional changes unchallenged. The margin that would let the ANC change the constitution is largely symbolic. Despite some market concerns over whether the ANC would get the two-thirds majority, the party repeatedly has stressed it has no intention of changing the constitution. Although a newly formed party of ANC dissidents failed to make a dramatic impact, the ruling party has seen its share of the vote fall for the first time since the end of apartheid in 1994. It won nearly 70 percent in 2004. Political analyst Steven Friedman said the result meant the ANC now had to worry more about the opposition than it had since the party took power 15 years ago. "The effect of them not getting the two-thirds, despite the euphoria, really underlines that there has been a drop in the ANC vote," he said. "The ANC has to worry more about the opposition now than it has had to do since democracy." Financial markets wary of a policy shift to the left under a Zuma presidency may welcome a limit on the party's power. RECESSION THREAT But Zuma has done all he can to emphasize that there will be no dramatic change, particularly as South Africa faces its first recession in 17 years as a result of the global financial crisis and cannot afford to discourage investment. In his speech, he addressed both business interests and the leftist allies who helped his rise to power during eight years of struggling against corruption charges, which were dismissed early this month on a technicality. "We are concerned about the potential impact of the global economic crisis. We will work with all stakeholders, especially business and labor, to find ways to prevent and cushion our people against job losses and other difficulties that may arise," he said. Zuma, who said he was not disappointed that the ANC did not achieve a two-thirds majority, also called on South Africans to get over the divisions of the past. Continued... View article on single page Share: Del.icio.us Digg Mixx Yahoo! Facebook LinkedIn Next Article: Italian cruise ship beats off pirate attack Also on Reuters Reinventing MySpace: a new CEO is just the beginning Blog: How do shopping centers spell rent relief? N-O. 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