JOHANNESBURG, May 30 Reuters South Africa39;s rand slipped and the country39;s stocks and bonds came under pressure on Thursday after projections showed the governing African National Congress ANC was set to lose its parliamentary majority in this week39;s election.

At 0940 GMT, the rand traded at 18.6400 against the dollar , around 1 weaker than its previous close. The currency is down around 2 since the start of the year.

On the Johannesburg Stock Exchange, the bluechip Top40 index was down nearly 2 compared to a 1.3 decline across wider emerging markets, while both local and international bonds also came under pressure.

The Council for Scientific and Industrial Research projected that the ANC would get 42 of the national vote, while broadcaster eNCA estimated the ANC would get around 45 of the vote.

So far, the election commission has only released results from just over 16 of polling stations. Those partial results put the ANC at 42.5 of the vote, the biggest opposition party Democratic Alliance at 25.7 and radical leftists the Economic Freedom Fighters at 8.5.

If the final results were to resemble the early picture, the ANC would be forced to make a deal with one, or more, other parties to govern a situation that could lead to unprecedented political volatility in the coming weeks or months.

Early results pointed to the ruling ANC securing a vote share closer to the low end of projections, increasing the chances that it will need to rely on one of the larger…