Goldman's Coleman Sees S. Africa Political Showdown

The video discusses the political tensions in South Africa, focusing on the potential firing of Finance Minister Pravin Gordhan and its implications. It highlights the economic risks, including possible rating downgrades and currency fluctuations. The discussion also covers the power struggle between President Zuma's traditional governance style and the anti-corruption efforts led by Gordhan. The video concludes with an outlook on the political landscape leading up to the ANC's December conference.

What is the main concern of the business community in South Africa regarding the political tensions?

• Economic instability

• Lack of foreign investment

• Increased taxes

• Rising unemployment

How might the firing of Pravin Gordhan affect South Africa's credit ratings?

• It will stabilize the ratings

• It might result in a downgrade

• It could lead to an upgrade

• It will have no effect

What is the potential consequence of upsetting institutional stability in South Africa?

• Negative outlook from rating agencies

• Higher employment rates

• Increased foreign investment

• Improved economic growth

What recent trend was observed in the South African Rand before the political events?

• It was highly volatile

• It was strengthening

• It was weakening

• It remained stable

What was the exchange rate of the South African Rand to the US dollar before the recent political events?

• 14 Rand per US dollar

• 17 Rand per US dollar

• 13 Rand per US dollar

• 16 Rand per US dollar

What is the primary cause of the power struggle in South African politics?

• Foreign relations

• Constitutional reforms

• Economic policies

• Corruption allegations

What significant political event is expected in December for the ruling party in South Africa?

• A new election

• A leadership succession

• A constitutional amendment

• A trade agreement