Donald Trump is the new president of the United States
Donald Trump has pulled off a surprise victory in the 2016 United States presidential election, and is set to become the new US president on 20 January 2017.
Trump won many key swing states, including Florida, which many saw as the state which would determine the election outcome.
Many experts and media houses predicted an easy win for Democratic Party candidate Hillary Clinton, but Republican Party hopefuls warned that these polls were misleading.
A Trump presidency is not good news for South Africa. Global investment firm Nomura said a Trump win spells uncertainty for markets linked to the United States.
The Republicans also won the House and Senate.
With a lot of uncertainty, a Trump presidency could see South Africa become a negative trade market as investors move to “safe” markets.
The rand has already weakened significantly after it emerged that Trump was likely to be the winner of the presidential race – showing investor uncertainty.
The Clinton campaign has conceded to the loss, CNN reported.
The rand traded at R13.52 against the dollar, down 2.62%.
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