{"id":50864,"date":"2026-11-13T08:56:41","date_gmt":"2026-11-13T06:56:41","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=50864"},"modified":"2026-11-13T08:57:09","modified_gmt":"2026-11-13T06:57:09","slug":"sa-minister-reassures-investors-after-local-election-outcome","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/sa-minister-reassures-investors-after-local-election-outcome\/","title":{"rendered":"SA Minister reassures investors after local election outcome"},"content":{"rendered":"<p>Finance Minister Enoch Godongwana has moved to reassure investors and citizens that state operations remain firmly intact following South Africa\u2019s (SA) local government elections, despite major political realignments that produced a historic number of hung municipalities.<\/p>\n<p>&nbsp;<\/p>\n<p>Addressing delegates at the TEHA CEO Dialogue summit in Johannesburg on Thursday, Godongwana downplayed fears of governance paralysis, asserting that democratic coalition-building processes will yield stability in due course. &#8220;People were worried that there&#8217;s going to be elections and it&#8217;s going to be doomsday, no, we woke up and we are still going to have a country that&#8217;s properly run,&#8221; Godongwana told the summit. &#8220;We have an election for the first time in our country&#8217;s history where 123 municipalities hung. We are also learning how the democratic practice functions, but I can tell you now you don&#8217;t need to be panicking. The outcome of whatever happens is a stable local government, with some few exceptions.&#8221;<\/p>\n<p>&nbsp;<\/p>\n<p>Beyond domestic politics, the Godongwana turned his focus to continental economic growth, contending that Africa does not suffer from a shortage of domestic savings or available capital. Instead, he noted that unlocking robust capital mobilisation requires deploying appropriate investment instruments, strengthening investor perceptions, and establishing a confirmed, bankable pipeline of infrastructure and development projects.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8211;ChannelAfrica&#8211;<\/p>\n","protected":false},"featured_media":22816,"template":"","meta":{"_acf_changed":false,"_members_access_role":[],"_members_access_error":"","_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-50864","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"SA's Finance Minister Enoch Godongwana reassures investors of stability despite 123 hung municipalities","published_date":"2026-11-13 08:55:56","news_description":"SA's Finance Minister Enoch Godongwana reassures investors of stability despite 123 hung municipalities","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/50864","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":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/50864\/revisions"}],"predecessor-version":[{"id":50865,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/50864\/revisions\/50865"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/22816"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=50864"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=50864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}