South African Rand Caught in Turmoil of Split ANC

The transcript discusses the Finance Minister's commitment to his mandate amidst political tensions within the ANC. It highlights the Gupta family's sale of South African businesses, suggesting a potential weakening of President Zuma's influence. The economic challenges facing South Africa, including a weakening currency, rising inflation, and high unemployment, are also addressed. The importance of maintaining investor confidence and avoiding a credit downgrade is emphasized.

How has the political turmoil affected investor confidence in South Africa?

What are the potential consequences of a credit rating downgrade for South Africa?