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Policy geopoliticsSouth AfricaDeveloping story

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.

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.

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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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