IEC near-final results show ANC at ~30.8%, DA ~24.6% and many hung councils in 2026 local elections
On 11 November 2026 the Electoral Commission of South Africa’s public results feed showed the ANC with about 30.8% of the vote and the DA about 24.6%, with a large rise in hung municipal councils and no single party commanding a majority in most metros, signalling coalition negotiations for municipal control.
The desk brief
On 11 November 2026 the Electoral Commission of South Africa’s public results feed showed the ANC with about 30.8% of the vote and the DA about 24.6%, with a large rise in hung municipal councils and no single party commanding a majority in most metros, signalling coalition negotiations for municipal control.
The fragmented vote and large number of hung councils mean local government control will depend on post-election coalitions. That raises near-term political uncertainty at the municipal level and could affect subnational service delivery, budget execution and investor attention to South African municipal credit risks. National sovereign financing and FX markets are more likely to respond to major policy or fiscal shifts once coalitions and mayoral administrations crystallise.
Formation of post-election coalitions and the first metro mayoral votes, expected within days–weeks.
Sources & verification
Developing storyDeveloping story supported by 2 independent public publishers; further confirmation is being sought.
- LIVE: Who’s winning your council? Local election results 2026rateweb.co.za (opens in a new tab)
- ANC barely hangs on as DA and ActionSA make gains in final IEC results | Mail & Guardianmg.co.zaSource published (opens in a new tab)
Public references supporting this brief.
Price Discovery
South Africa sovereign curve
Latest server-calculated mid yield by maturity. Points are observed Price Discovery levels, not an interpolated valuation curve.
- 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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