RC 261105Cape TalkStephen Grootes
Thursday, 5 November 2026
Local election counting dominated the episode, with the ANC losing township support and coalition headaches looming, while US tech stocks sold off after the midterms.
- 18:12
A political analyst expects an ANC blame game after losing township votes to ActionSA, with leaders angry and reluctant to take accountability, making the 2027 elective conference difficult for the current leadership.
- 18:33
The IEC says final results will only be announced over the weekend, not before 5pm Friday, and only after all objections are addressed; 47% of voting districts had been counted.
- 18:04
The DA looks set to retain uMngeni, the only KwaZulu-Natal municipality it governs outright, projecting about 60% of the vote, up 13 points after narrowly winning by 42 votes in 2021.
- 18:20
Analysts say turning around a metro such as Johannesburg takes about 36 months, starting with trading services and finances, so a shaky two- or three-party coalition could slow service delivery badly.
- 19:59
The Nasdaq fell 5.64% and the Dow 2.89% as AI spending worries mounted after the US midterms, while the JSE's Top 40 rallied about 4% on the day.