Buybacks have gotten a bad rap from both Republicans and Democrats. But stocks would be trading at a massive discount without them.Marketsread more
Fiat Chrysler and France's Renault could soon partner up to take on the sweeping changes to the global auto industry, according to a report in the Financial Times. The...Autosread more
Microsoft shares have gained 133% since November 2015, outperforming a tech "basket of unicorns" over that stretch.Technologyread more
The president's state visit comes amid tensions with carmaker Toyota over potential auto tariffs. Trump has repeatedly threatened Japanese and European carmakers with tariffs.Traderead more
When commercial real estate investor Manny Khoshbin spent $2.2 million on the fastest production car in the world, he had no idea it would very quickly also become the...Autosread more
The IRS is about to release a new draft of Form W-4, which will more closely reflect the changes stemming from the Tax Cuts and Jobs Act. For workers, that means they'll need...Personal Financeread more
The Mega Millions jackpot has spilled over $400 million. It would be the ninth largest winning since the game began in 2002.Personal Financeread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
The biggest U.S. gasoline price surge in years is running out of steam just in time for the start of the summer driving season.Energyread more
The federal minimum wage has remained $7.25 per hour since 2009. But several states, and even some companies, have since taken matters into their own hands to pay employees a...Workread more
Stocks rose on Friday, but notched weekly losses as investors worried the U.S.-China trade war is hurting economic growth.US Marketsread more
* South Africa holds parliamentary election on May 8
* ANC trying to preserve majority
* Three polls predict it will succeed
JOHANNESBURG, April 30 (Reuters) - South Africa's ruling African National Congress (ANC) appears headed for victory in next month's election, as President Cyril Ramaphosa seeks to strike a reforming tone, with three opinion polls showing support ranging between 51 and 61 percent.
The three pollsters, which used different methodologies and turnout assumptions for the May 8 parliamentary vote, put support for the biggest opposition party, the Democratic Alliance (DA), at between 19 and 24 percent.
Facing huge pent-up demand for better living standards for the country's black majority, the ANC is seen by some critics as having failed to live up to the heady promises of Nelson Mandela's era. The party's image was severely tarnished under Ramaphosa's predecessor, Jacob Zuma.
One of the polls, by Citizen Surveys, found unemployment, crime, poverty, corruption and housing were the most pressing issues that voters felt South Africa faced in the first quarter.
Polling data released on Monday by Ipsos, on Tuesday by the Institute of Race Relations (IRR) and last week by Citizen Surveys all suggest the ANC will hold onto its electoral majority. The IRR and Citizen Surveys found support for the ANC had declined slightly in recent months.
The three pollsters say their latest data give a snapshot of voting intentions in recent weeks and stress those intentions could change before ballots are cast.
Ipsos, which conducted 3,600 face-to-face interviews from mid-March to mid-April, put forward a scenario where 61 percent of people voted for the ANC if turnout was 71 percent. It gave its margin of error as a maximum of 2 percent.
Citizen Surveys had a similar scenario where 61 percent of people voted for the ANC under a 77 percent turnout assumption, with undecided voters allocated according to party preference. It conducted face-to-face interviews with 1,300 adults in March and said its margin of error was around 2.5 percent.
The IRR, which was in the field in mid-April and spoke to 2,375 registered voters, found support for the ANC stood at 51 percent under 71.9 percent turnout. It gave its margin of error as around 2.8 percent and spoke to people over the telephone using random sampling.
The IRR prefaced its findings with the comment that support for bigger parties like the ANC and DA tends to rise just before an election.
On a provincial level, the IRR's data suggested the ANC was below securing a full majority in the Gauteng province where the commercial capital Johannesburg is located and that the DA's majority in the Western Cape was under threat.
Currently the ANC controls eight of South Africa's nine provinces, with the DA in power in the Western Cape.
(Editing by James Macharia and Frances Kerry)