South Africa's Zuma Fires Finance Minister Gordhan

The transcript discusses ongoing conflicts within South Africa's Treasury, highlighting the strained relationship between the President and the Finance Minister since a cabinet reshuffle in 2015. It addresses issues with state-owned companies like SAA and the national electricity provider, as well as internal disputes within the tax agency. The appointment of Malusi GABA as the new Finance Minister raises questions about potential impacts on South Africa's credit rating by Moody's. The transcript also touches on political connections influencing these developments.

What factors may have contributed to the tensions within the tax agency?

What is the current credit rating of South Africa according to Moody's?