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00:00A score of just over 40% of votes.
00:03The worst South Africa's ANC party has seen since the end of the apartheid in 1994.
00:09The results prompting the party's political opponents to call for the ANC's leader and
00:13current president Cyril Ramaphosa to step down.
00:16But his allies are showing a united front.
00:18If you come to us with a demand that Ramaphosa must step down as president, that is not going
00:23to happen.
00:25Voters say they've grown frustrated with the ANC over the years because of rising joblessness
00:29inequality and recurrent power outages.
00:33After losing its three-decade-old absolute majority, the ANC will now have to form a
00:38coalition government.
00:40The party's already started negotiations with the Democratic Alliance, who took over 20%
00:45of votes.
00:46And we remain committed to working constructively with those that are prepared to stand with
00:51us in putting the country first.
00:55Former President Jacob Zuma's party, Omkutuwe Sizwe, won a strong 14.6% of the vote, followed
01:01by Julius Malema's EFF, Economic Freedom Fighters, with a score close to 10%.
01:07Both parties say they're open to working with the ANC, under the right conditions.
01:12These results disrupted the markets, sending the runs plummeting.
01:15Investors, meanwhile, wait to see how the new coalition government will play out.
01:20Will it be to both of their advantage to combine with a solid 62% of the vote?
01:27Or would the ANC rather just scrape by at above 50 with a combination of small parties?
01:34These elections also mark a further decline in voter turnout, with less than 60% of voters
01:39casting their ballots this year, compared to 66% in 2019 and over 90% in the country's
01:46first democratic elections 30 years ago.