Illustrative image | South African bank notes. | uMkhonto Wesizwe member wearing a cloth bearing former president Jacob Zuma's face outside the Gauteng Division of the High Court in Johannesburg..
The rand on Wednesday got knocked off the strongest levels it reached yet this year after a Bloomberg report about a new poll showing a surge in support for Jacob Zuma’s uMkhonto Wesizwe party – largely at the expense of the ANC. The Electoral Court earlier this week cleared the way for Zuma to be a parliamentary candidate for MK, dramatically raising the stakes in the election.The poll, conducted by the Social Research Foundation , showed the ANC with only 37% support, while MK got 13%.The SFR three months ago, before it conducted its surveys, was forecasting Zuma’s party would only get 1% or 2% of the vote.