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South African anti-apartheid activist Mamphela Ramphele formed a new political party on Monday, claiming that the dream of a “rainbow nation” is dying under the ruling African National Congress. After reminiscing about the hope and optimism that surrounded the first all-race elections in 1994, Ramphele charged that South Africa is being “undermined” by a “massive failure of governance.” Ramphele, 68, is a doctor and former World Bank managing director who served seven years under house arrest during apartheid.