S&P Downgrades South African Credit Rating to Junk

The transcript discusses the political and economic challenges facing South Africa, focusing on the dismissal of the Finance Minister and its impact on policy continuity. Concerns are raised about the fiscal deficit, growth priorities, and rising debt. The potential for social transformation is contrasted with the need for economic stability. The transcript also addresses the economic turmoil caused by political instability, the depreciation of the Rand, and the role of commodities in improving the economic outlook.

What are the implications of rising contingent liabilities for South Africa's budget?

In what ways could Jacob Zuma's cabinet appointments affect the country's stability?