South Africa 10-Year Bond Yield at Near 1-Month High

2025-05-05 13:53 By Luisa Carvalho 1 min. read

South Africa’s 10-year government bond yield was near 11%, its highest since April 11, as political tensions and fiscal uncertainty rattled investor confidence.

Divisions within the ANC—the largest party in the Government of National Unity (GNU)—have resurfaced, with some factions pushing to replace the DA with smaller parties to secure a parliamentary majority.

The dispute centers on a proposed 0.5% VAT increase, which the National Treasury withdrew in a major concession aimed at preventing the collapse of the GNU.

The hike, set to take effect on May 1, was also blocked by a court following a legal challenge from the DA.

Finance Minister Enoch Godongwana is now set to present a third version of the national budget on May 21.



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