{"id":50042,"date":"2026-11-05T09:07:41","date_gmt":"2026-11-05T07:07:41","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=50042"},"modified":"2026-11-05T09:07:41","modified_gmt":"2026-11-05T07:07:41","slug":"rand-gains-on-local-election-results-us-midterms","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-gains-on-local-election-results-us-midterms\/","title":{"rendered":"Rand gains on local election results, US midterms"},"content":{"rendered":"<div>The South African (SA) Rand strengthened on Thursday on early signs that \u200bthe pro-business Democratic Alliance (DA) party had \u200cperformed strongly in local municipal elections and optimism over the overwhelming victory by Democrats in a United States \u200b(US) midterm vote.<\/div>\n<div><\/div>\n<div>The Rand \u200btraded at 16.3425 per Dollar , up about \u20600.5% from its previous close.<\/div>\n<div><\/div>\n<div>ETM Analytics \u200bsaid in a research note that markets \u200bwere interpreting early results from Wednesday&#8217;s municipal elections &#8220;as a potential shift towards investor-friendly coalitions in major economic \u200bcentres&#8221;<\/div>\n<div><\/div>\n<div>With 19% of votes counted, S\u200bA&#8217;s former liberation movement, the African National Congress, \u200cheld \u2060about 31.4% of the vote, while the DA had 30.5%, the election commission&#8217;s website showed.<\/div>\n<div><\/div>\n<div>A leading research organisation predicted the final \u200btally would \u200bgive \u2060the African National Congress a similar percentage of the national vote.<\/div>\n<div><\/div>\n<div>On Wednesday, the \u200b<span class=\"x_spanWithBackgroundColor\">rand<\/span>\u00a0gained more than 1% \u200bas \u2060Democrats seized control of both the House and the Senate.<\/div>\n<div><\/div>\n<div>SA&#8217;s benchmark 2035 government \u2060bond \u200bwas stronger in early deals, \u200bwith the yield down 13.5 basis points to 8.33%.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":13745,"template":"","meta":{"_acf_changed":false,"_members_access_role":[],"_members_access_error":"","_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-50042","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"SA Rand strengthened on Thursday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/50042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":2,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/50042\/revisions"}],"predecessor-version":[{"id":50044,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/50042\/revisions\/50044"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/13745"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=50042"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=50042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}