{"id":882913,"date":"2026-11-06T07:32:03","date_gmt":"2026-11-06T05:32:03","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=882913"},"modified":"2026-11-06T07:32:03","modified_gmt":"2026-11-06T05:32:03","slug":"money-flooding-back-into-south-africa-and-the-end-of-an-era-for-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/5-things\/882913\/money-flooding-back-into-south-africa-and-the-end-of-an-era-for-south-africa\/","title":{"rendered":"Money flooding back into South Africa, and the end of an era for South Africa"},"content":{"rendered":"\n

The rand strengthened on Thursday on early signs that the pro-business Democratic Alliance (DA) party had performed strongly in local municipal elections and on optimism over the overwhelming victory by Democrats in a US midterm vote.<\/p>\n\n\n\n

ETM Analytics \u200bsaid in a research note that markets \u200bwere interpreting early results from Wednesday’s municipal elections “as a potential shift towards investor-friendly coalitions in major economic \u200bcentres”.<\/p>\n\n\n\n

With 19% of votes counted, South \u200bAfrica’s former liberation movement, the African National Congress, \u200cheld \u2060about 31.4% of the vote, while the DA had 30.5%, the election commission’s website showed.<\/p>\n\n\n\n

A leading research organisation predicted the final \u200btally would \u200bgive \u2060the ANC a similar percentage of the national vote.<\/p>\n\n\n\n

On Wednesday, the \u200brand gained more than 1% \u200bas \u2060Democrats seized control of both the House and the Senate.<\/p>\n\n\n\n

South Africa’s benchmark 2035 government \u2060bond \u200bwas stronger in early deals, \u200bwith the yield down 13.5 basis points to 8.33% [Reuters<\/a>]<\/p>\n\n\n\n

On Friday, 6 November 2026, the rand was trading at R16.52 to the dollar, R22.20 to the pound, and R18.51 to the euro. Gold is trading at $4,045.08, while oil prices are at $99.91 a barrel.<\/p>\n\n\n\n

5 important things happening in South Africa today<\/h2>\n\n\n\n
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Money flooding back into South Africa: <\/strong>The main South African index is up 6.7% on the week, easily outperforming its emerging-market peers. An index of developing nation stocks has dropped 1.3%. [Daily Investor<\/a>]<\/p>\n\n\n\n

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The end of an era for South Africa:<\/strong> South Africa is unlikely to return to a system of single-party government for a long time, former apartheid-era negotiator and newly appointed ambassador to the United States Roelf Meyer believes. [EWN<\/a>]<\/p>\n\n\n\n

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2026 election results: Predictions look spot-on:<\/strong> At the close of the day on Thursday, the Independent Electoral Commission (IEC) had counted 67.5% of the votes, with the national picture aligning with the CSIR\u2019s call. The ANC continues to hold its lead over the DA at 31.7% of total votes \u2013 the exact prediction from the CSIR \u2013 versus the DA\u2019s 25.2%. The CSIR predicted a 25.8% outcome for the DA. The predictions for the other leading parties are similarly close, with all of the top five being within 1 percentage point of the projections. [BusinessTech<\/a>]<\/p>\n\n\n\n

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Ramaphosa’s smart city in South Africa is only shacks and open land six years later:<\/strong> The Lanseria Smart City in Gauteng is the first planned by Ramaphosa. He announced plans for the \u201ctruly post-apartheid city\u201d in his 2020 State of the Nation Address. Progress on the Lanseria Smart City project has been slow. MyBroadband has regularly revisited the site and observed little progress over the years.[MyBroadband<\/a>]<\/p>\n\n\n\n

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Hope for AGOA:<\/strong>\u00a0Exporters Western Cape chairperson Terry Gale says that the outcome of the US midterm elections has opened a fresh opportunity for South Africa to avert its impending exclusion from the African Growth and Opportunity Act (AGOA). [Engineering News<\/a>]<\/p>\n","protected":false},"excerpt":{"rendered":"

Here are five important things happening in and affecting South Africa on Friday, 6 November 2026.<\/p>\n","protected":false},"author":92,"featured_media":847676,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"posted","_sma_x_autopost_error":"","_sma_x_post_id":"2118578635716104242","_sma_facebook_post_id":"191437357620492_2262687101218355","_sma_instagram_post_id":"17927509206204025","_sma_x_attempts":1,"footnotes":""},"categories":[20398],"tags":[18993,853],"class_list":["post-882913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-5-things","tag-5-important-things-happening-in-south-africa-today","tag-south-africa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/882913","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=882913"}],"version-history":[{"count":1,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/882913\/revisions"}],"predecessor-version":[{"id":882928,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/882913\/revisions\/882928"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/847676"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=882913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=882913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=882913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}