KHAYELITSHA, CAPE TOWN – ANC president Cyril Ramaphosa has admitted to the failures and poor electoral performance of the party.He says the loss of an outright majority in the 2024 elections was a ‘sad moment’ and a huge ‘setback’.Ramaphosa was delivering the ANC National Executive Committee’s January 8th statement on Saturday in Khayelitsha, Cape Town.READ | ANC celebrates 113th birthday | Residents want pressing issues addressedHe spoke about the state of the economy, the unemployment crisis and poor basic services.The ANC’s support in last year’s elections declined by a whopping…