Cyril Ramaphosa Secures Second Term as South African President

Ramaphosa forms historic coalition with opposition parties after ANC loses parliamentary majority.

Overview

Ramaphosa re-elected with support from Democratic Alliance and Inkatha Freedom Party.
The ANC's vote share dropped to 40.2%, leading to the first national coalition government.
Julius Malema of the Economic Freedom Fighters received only 44 votes.
The coalition aims to address economic issues, job creation, and crime.
Financial markets reacted positively to the coalition formation.