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Policy geopoliticsSouth AfricaDeveloping story

Early counts on Nov 5 show ANC vote share sharply reduced to about 31–32% in local elections

On 5 Nov 2026 early tallies from South Africa's municipal elections showed the African National Congress (ANC) with about 31–32% of the national vote in preliminary counts, sharply down from prior municipal results and narrowly ahead of the Democratic Alliance (DA); counting and verification continued across constituencies.

On 5 Nov 2026 early tallies from South Africa's municipal elections showed the African National Congress (ANC) with about 31–32% of the national vote in preliminary counts, sharply down from prior municipal results and narrowly ahead of the Democratic Alliance (DA); counting and verification continued across constituencies.

Preliminary results indicating the ANC near 31–32% raise uncertainty about control of major metros and imply more coalition bargaining at municipal level. That could affect near-term political stability, local service delivery and investor sentiment toward South African political risk; fiscal or national policy shifts would depend on final results and subsequent coalition outcomes.

IEC to continue counting; final results and official declarations expected by Sunday, Nov 8, 2026, followed by up-to-two-week coalition negotiations for municipal governments.

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Developing story

Developing story supported by 2 independent public publishers; further confirmation is being sought.

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Price Discovery

South Africa sovereign curve

Latest server-calculated mid yield by maturity. Points are observed Price Discovery levels, not an interpolated valuation curve.

12 priced bonds
8.06%7.26%6.46%5.66%4.86%20272033204020462052Soaf 27 · Sept 2027 · 5.288%Soaf 28 · Oct 2028 · 5.482%Soaf 29 · Sept 2029 · 5.537%Soaf 30 · Jun 2030 · 5.795%Soaf 32 · Apr 2032 · 5.833%Soaf 41 · Mar 2041 · 7.047%Soaf 44 · Jul 2044 · 7.333%Soaf 46 · Oct 2046 · 7.423%Soaf 47 · Sept 2047 · 7.528%Soaf 48 · Jun 2048 · 7.565%Soaf 49 · Sept 2049 · 7.573%Soaf 52 · Apr 2052 · 7.641%
Move across the curve to inspect a bondAs of
BondMid pxYield
  • Soaf 27Sept 202799.6255.288%
  • Soaf 28Oct 202897.8755.482%
  • Soaf 29Sept 202998.1885.537%
  • Soaf 30Jun 2030100.2505.795%
  • Soaf 32Apr 2032100.1885.833%
  • Soaf 41Mar 204192.8757.047%
  • Soaf 44Jul 204480.7507.333%
  • Soaf 46Oct 204675.0007.423%
  • Soaf 47Sept 204780.3757.528%
  • Soaf 48Jun 204886.6257.565%
  • Soaf 49Sept 204980.3137.573%
  • Soaf 52Apr 205296.1887.641%

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