South Africa's ANC Loses Majority in Historic Election
TL;DR Summary
South Africa's ruling African National Congress (ANC) lost its parliamentary majority for the first time in 30 years, securing only 40% of the vote in the recent general elections. The Democratic Alliance (DA) and the Economic Freedom Fighters (EFF) gained 21.8% and 9.5% respectively, while the new uMkhonto weSizwe party, founded by former president Jacob Zuma, garnered 14.6%. The ANC's decline is attributed to systemic issues like unemployment, power outages, crime, and corruption. Current leader Cyril Ramaphosa will need to form a coalition to maintain power, amid economic challenges and investor scrutiny.
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