Skip to content
Market intelligence
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.

Sources & verification

Developing story

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

Public references supporting this brief.

Was this brief useful?
Back to the briefing

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%

Indicative levels only. Full bid/ask context and trading actions remain inside MSA Trader.

Open Price Discovery
All market intelligence