Elections: If SA isn't happy, neither is the rand, index suggests

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Elections: If SA isn't happy, neither is the rand, index suggests
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Elections: If SA isn't happy, neither is the rand, index suggests | Fin24

The researchers analysing SA's mood over the election period say the country was on an emotional roller coaster on election day – but South Africans were nonetheless happier than on previous days, and stayed happier for longer.

Roodt and Greyling earlier told Fin24 they would be monitoring the index for any suggestive patterns. The day after voting, a note was issued discussing the country's Tweets on election day. According to the note, anecdotally, the researchers had noticed the rand's value mimicking the country's mood."So far, we are seeing higher levels of happiness compared hourly to previous days.

"As we keep on measuring the affected happiness daily, we will be able to test this relationship scientifically."They would also be watching the happiness index for a correlation between mood and voter behaviour, the note added."By tonight we will know whether the international theory, happier people are more likely to vote, is indeed true for South Africa as well."

Roodt said it was potentially useful to see whether happiness correlated with other measures of economic health.

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