South African finance minister Pravin Gordhan is in court next week. Prosecutors accuse him of corupt practices whilst he was head of the national tax authority in 2010.
South Africa's demise toward full "junk" status looks almost inevitable after S&P has cut the country's credit rating as the first of three major agencies following the sudden dismissal of the finance minister.
Jacob Zuma is facing massive protests after culling critics from his cabinet in a midnight reshuffle. A quarter of the country is unemployed and two ratings agencies have downgraded South African debt to "junk" status.
South African President Jacob Zuma turned 75 on Wednesday as a sea of demonstrators welled up in Pretoria calling on him to quit. The opposition is hoping to chip away at his solid parliamentary majority.
South African President Jacob Zuma has ordered Finance Minister Gordhan to return from an overseas trip. The recall spooked foreign exchange markets and fueled speculation about a cabinet reshuffle.
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