Romney concedes defeat
Mitt Romney conceded defeat to Barack Obama in the US Presidential Elections.
CHICAGO/PRETORIA/JOHANNESBURG - Speaking in Boston, Obama's rival is Mitt Romney conceded defeat, in what has been a long and bitter campaign.
He was gracious in defeat. Flanked by his family he congratulated Obama for running an excellent campaign.
He has thanked all of his supporters and his family for supporting him through his campaign.
He wished the president well in his second term and said he hoped the president's principles "will continue to contribute to the good of our nation".
"I believe in America, I believe in the people of America".
Obama has so far defeated Romney in a series of key swing states, though a clutch with Florida and Alaska still to be declared.
CNN made its projection after 6am South African time.
CNN projects that Barack Obama will be reelected president of the United States (US). He will remain in the White House for another four years because we project that he will carry the state of Ohio. By carrying Ohio he wins reelection.
It appears Obama has won the key "swing states" he was after, which include Iowa, Ohio, Virginia, Colarado and Nevada.
Results continue to pour in, but it has yet to be confirmed who has won in Florida and Alaska.
Celebrations are already in full swing.
Obama himself wrote three consecutive tweets moments after the news broke.
He said "This happened because of you".
The second tweet read: We're all in this together. That's how we campaigned, and that's who we are. Thank you. BO
The third was a photograph of him hugging his wife Michelle, with the words "four more years".
In Chicago, there is jubilation all-around and as supporters wait for final confirmation to come through, spirits are high.
CELEBRATIONS IN SOUTH AFRICA
At the US embassy in Sandton, north of Johannesburg, the vibe is the same one would expect at a sports game.
Some people are glued to the screen and the big blue strap-line claiming that CNN is calling this election for Obama.
On one wall is a political map of the states, with some filled.
Others prefer to crunch their own political data on their phones.
But everywhere, people are talking about the election.
Some suggest the American model is one to follow, while others are slightly more cynical.
At the Embassy in Pretoria, Washingtons top envoy to South Africa, Donald Gips, called the election a resounding victory for American democracy.
He said the long lines of voters determined to have their voices heard meant a probable record turnout.
A number senior officials and government figures attended a celebratory breakfast on Wednesday.
Gips is clearly delighted at the Obama win.
He says if Obama is re-elected, he expects to see a different president, one with more experience
As a political appointment, Gips job seems secure.
US political expert Brooks Spector predicted a win for Obama and said the economy proved crucial.
He said Obamas argument, that he still had a job to finish - to clean-up the mess he inherited, won voters over.
He made the argument, people bought it and he closed the deal.
At the US Consulate in Tokai, everyones eyes were fixed on the various plasma screen televisions as they listened to Obamas first address as the reelected US president.
When Obama walked on stage with his wife and daughters, everyone applauded.
Key emphasis by Americans in Cape Town focused on the economy, jobs, education and global warming.
Meanwhile, DA leader Helen Zille believes Obama's win is good news for South Africa.
Obamas win shows that democracy does not have to be destiny. The irony is that Obama probably could not win a presidential election in the country of his fathers birth [Kenya] because his father came from a minority ethnic group.