"South Africa Faces Historic Political Shift as ANC Loses Majority"

Early results from South Africa's national election indicate that the ruling African National Congress (ANC) is set to lose its majority, securing only 43.39% of the vote. This marks a significant political shift since the end of apartheid, potentially forcing the ANC to form alliances with smaller parties to govern. The Democratic Alliance (DA) and Economic Freedom Fighters (EFF) are trailing with 24.83% and 8.83% of the vote, respectively. The news has impacted financial markets, with the U.S. dollar rising against the South African rand and the Johannesburg stock index falling.