What's behind South Africa's Africa's Economic Giants: South 1 day ago   25:09

Al Jazeera English
Finance Minister Nhlanhla Nene was regarded by businessmen and investors as a competent steward of South Africa's economy, the second largest in Africa. His departure - after being fired by President Jazob Zuma - has spooked stock markets, triggering the biggest drop in the value of the rand currency for four years. The shock removal comes a week after the Fitch credit rating agency downgraded South Africa to just one step above junk status. Nene's sacking also follows growing disillusionment and protests against South Africa's ruling party, the African National Congress (ANC). So, how will the ANC cope with the latest blow to the battered economy? Presenter: Jane Dutton. Guests: Mzwanele Manyi, Former cabinet spokesperson for the ANC and President of the Progressive Professional Forum. Nic Borain, Consulting Political Analyst for BNP Paribas Securities in South Africa. - Subscribe to our channel: http://bit.ly/AJSubscribe - Follow us on Twitter: https://twitter.com/AJEnglish - Find us on Facebook: https://www.facebook.com/aljazeera - Check out our website: http://www.aljazeera.com/

Comments 53 Comments

Belinda Mathews
It's not about the people of South Africa, it's all about Politicians lining their wallets with the few people who pay TAXES! Bingo!
Edwin Clarke
The Land of Ham Africa
Vine Thunderhil
Protocols of the Learned Elders of Zion http://JAHTruth.net/illumin
5. The intensified struggle for superiority and shocks delivered to economic life will create, nay, have already created, disenchanted, cold and heartless communities (Matthew 24:12). Such communities will foster a strong aversion towards the higher political and towards religion. Their only guide is gain, that is Gold, which they will erect into a veritable cult, for the sake of those material delights which it can give. Then will the hour strike when, not for the sake of attaining the good, not even to win wealth, but solely out of hatred towards the privileged, the lower classes of the goyim will follow our lead against our rivals for power, the intellectuals of the goyim.
Kazi Kawa
The key issue is the “not knowing” dude. Of course people will speculate!
pay me some alimony or do some time
south africa is doomed!!!
Michelle Yoon
wow... can't believe this government guy!!! can't reason with him...poor people under the current government clowns.. sad..
Nosipho Gugu Ntshangase
Manyi u speaking bullshit sit down
Phil King
I think it should be clear to the liberal world by now why black people who have much lower IQ's than whites and are not capable of governing. My IQ fact statement doesn't mean I am racist, it is a scientific reality, but IQ is not the only virtue.
Terco1s fortnit Fortnite
the market dicede the minister of a country.that is a fact and it is not right.the president must have the capacity to take decision.the market has more pawer of a president and is like that averywer in the world.that is why things do not go well.The market decide everthings.The big company control ur life.so if a president take a decision they stop him creating to the cauntry big pronlems and they can do it in many dinferent way.this time they attack the rand....next time can be something else.thanks for the video
kris hall
another 10 years... another Rhodesia.
kathy oelofse
why you guys got this black guy to speck he does not know what he is talking about.
Grant Majoor
Unconstitutional for market reaction? What a ridiculous statement. I'm sure Hitler also called have argued he was acting inline with his constitution and therefore all that apposed him were unconstitutional. What a load of crap and an insult to the intelligence to  those that watched this piece.
phase two
Yada yada yadi
Many is such an embarrassment to South Africa, why did Al Jazeera invite him to speak?
Lar Cat
Sad story.
Manyi has 25 minutes to explain the reason/s for the sacking and all he can do is make "important points", remind everyone about the constitutional rights of the president, all irrelevant to the question asked.
He raises one straw man after another, beats around the bush but as a former ANC spokesperson, can't tell us why.
At one stage I was half expecting him to blurt out "Oh look over there, a pigeon !"
Samuel T. Steiner
It's unconstitutional for the market to react to the firing of a Finance Minister? Really?
Nevin Holland
the Rosatom and China deals is gonna create a lot of jobs for South Africans it just depends on whether we can trust JZ to put South Africans first
Charls Charls
Blah blah blah; the fact is the government has lent a whole lot of money from investors and now they want to use this money irresponsibly for their own enrichment. As lenders I would stop lending money to them.
Charls Charls
ANC has unfortunately become very corrupt. Hopefully the masses understand how this will impact them in the short and long term.
Apostolos Velios
give back to white
Add Reply

Africa's Economic Giants: South What's behind South Africa's 1 day ago   12:21

Dubbed as Africa's economic giants, Nigeria and South Africa account for one-half of sub-Saharan Africa's GDP, and are potentially two of the biggest drivers of growth for the region as a whole. Their intra-regional and financial links have expanded significantly in recent years, but it is widely recognized that there is still a long road ahead in achieving optimum economic integration.