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Policy geopoliticsSouth AfricaDeveloping story

Counting begins in South Africa’s 2026 municipal elections; early tallies show ANC and DA neck-and-neck

On 5 November 2026 ballot counting began in South Africa’s local government elections. Early official-dashboard and media tallies showed the African National Congress (ANC) narrowly ahead of the Democratic Alliance (DA) in national vote share, with partial counts indicating only a small margin separating the two parties as counting continued.

MSA Market DeskEvent 5 November 2026Reviewed 2 min read

The desk brief

On 5 November 2026 ballot counting began in South Africa’s local government elections. Early official-dashboard and media tallies showed the African National Congress (ANC) narrowly ahead of the Democratic Alliance (DA) in national vote share, with partial counts indicating only a small margin separating the two parties as counting continued.

Early, partial tallies indicating a near tie between ANC and DA matter for control of metropolitan councils and the formation of local governing coalitions. Uncertainty in municipal outcomes can influence policy direction on service delivery and local budgets, with potential knock-on effects for investor sentiment toward South African assets; final market impact depends on definitive council control and post-election coalition deals.

IEC final results and municipal council seat allocations, due within seven days of the election.

Sources & verification

Developing story

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

Public references supporting this brief.

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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
7.96%7.19%6.42%5.65%4.88%20272033204020462052Soaf 27 · Sept 2027 · 5.286%Soaf 28 · Oct 2028 · 5.304%Soaf 29 · Sept 2029 · 5.440%Soaf 30 · Jun 2030 · 5.698%Soaf 32 · Apr 2032 · 5.725%Soaf 41 · Mar 2041 · 7.003%Soaf 44 · Jul 2044 · 7.245%Soaf 46 · Oct 2046 · 7.371%Soaf 47 · Sept 2047 · 7.445%Soaf 48 · Jun 2048 · 7.474%Soaf 49 · Sept 2049 · 7.471%Soaf 52 · Apr 2052 · 7.555%
Move across the curve to inspect a bondAs of
BondMid pxYield
  • Soaf 27Sept 202799.6255.286%
  • Soaf 28Oct 202898.1885.304%
  • Soaf 29Sept 202998.4385.440%
  • Soaf 30Jun 2030100.5635.698%
  • Soaf 32Apr 2032100.6885.725%
  • Soaf 41Mar 204193.2507.003%
  • Soaf 44Jul 204481.5007.245%
  • Soaf 46Oct 204675.4387.371%
  • Soaf 47Sept 204781.1257.445%
  • Soaf 48Jun 204887.5007.474%
  • Soaf 49Sept 204981.2507.471%
  • Soaf 52Apr 205297.1257.555%

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