Herman Mashaba offers Geordin Hill-Lewis a deal, and important notice for anyone who owes over R3,000 in licence fees
The rand strengthened on Monday as softer oil prices eased inflation concerns, while investors assessed local municipal election results and coalition talks.
The rand traded at 16.4875 against the dollar, up about 0.4% from its previous close.
Oil prices steadied Monday after US President Donald Trump suggested new attacks on Iran were unlikely, but supply concerns lingered as vessels near the Strait of Hormuz came under attack.
As a net fuel importer, South Africa is highly exposed to global oil price movements, so sustained crude gains can raise domestic fuel costs, stoke inflation and pressure the rand.
South Africa’s African National Congress (ANC) suffered a significant setback in last week’s municipal elections, according to results released on Sunday, weakening its position in coalition talks to form city governments.
“Looking ahead to the coming week, the balance of risks remains tilted against the rand. Investors will continue to focus on offshore equity market developments as a barometer of risk appetite,” said ETM Analytics.
“While coalition negotiations will serve as a reminder that, although the ANC lost ground, SA’s municipal and metropolitan political landscape will remain difficult to manage.”
South Africa’s benchmark 2035 government bond was flat in early deals, with the yield at 8.3%. [Reuters]
On Tuesday, 10 November 2026, the rand was trading at R16.36 to the dollar, R22.01 to the pound, and R18.38 to the euro. Gold is trading at $4,113.84, while oil prices are at $91.42 a barrel.
5 important things happening in South Africa today
Herman Mashaba offers Geordin Hill-Lewis a deal: Herman Mashaba offered Geordin Hill-Lewis a deal where the DA runs Johannesburg and Ekurhuleni, and ActionSA runs Tshwane. However, there is one caveat. He said that it was impossible for him to work with Helen Zille, and that the DA should select an alternative mayor for Johannesburg. [Newsday]
Important notice for anyone who owes over R3,000 in licence fees: The Gauteng Department of Roads and Transport (GDRT) is giving motorists who owe more than R3,000 in motor vehicle licence penalties and arrears the chance to settle these over time. [TopAuto]
Shoprite’s plan to offer debit cards: Shoprite has entered into an agreement in principle with Investec to establish a banking partnership, expanding the financial services offered by South Africa’s largest retailer. Part of the agreement would involve Shoprite offering expanded transactional accounts with Investec acting as the banking sponsor. [BusinessTech]
Data from South Africa’s top courier company leaked on the dark web: Ransomware group MedusaLocker has published stolen internal documents from The Courier Guy, South Africa’s most popular courier company. The Courier Guy was hit by a data breach in August and was listed on the threat actor’s dark web leak site. [MyBroadband]
Chicken producers in deep trouble: South Africa’s poultry industry fears the government could sacrifice local producers in its efforts to secure better trade terms with the US, particularly if it continues to allow duty-free imports of American chicken while negotiating to protect other export industries. [Business Day]
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