So a tremendous Financial
crisis and an Economic crisis hits South Africa in December 2015, as the South Africa Credit Rating
downgraded and the South African Currency (The Rand) tumbles and stumbles
amidst finance minister changes; effectively leading to political brinkmanship. The South African rand tumbled to new lows, particularly against the US Dollar (16 ZAR to 1 US Dollar). The South African President Jacob Zuma had earlier fired the Finance Minister, replacing him with a new one,only to fire and replace the newly appointed Finance Minister again; due to Political pressure and of course the ensuing Financial Crisis that followed the appointment. A political intrigue is developing around the economy and Zuma's leadership ( especially on Financial and Economic matters) is on the spotlight. Infact on 16th December 2015, there were widespread protests in major cities across South Africa; with demand for Zuma to step down for causing Financial and Market turmoil in his action regarding Finance Minister and also on corruption.
From a Credit Rating downgrade of South Africa on 4th December 2015 to an almost a “Junk” status level, To South African Rand tumble and stumble after removal of a “respected” Finance Minister on 11th December 2015 and being replaced with an “unknown” person (David Van Rooyen), To South Africa having the Third Finance Minister (Pravin Gordhan) within a week by 13th December 2015, To what investment analysts call “the irredeemable loss of Investor confidence on President Jacob Zuma’s ability to steer the South African Financial and Economic situation”, To Capital flight from South African economy as South Africans move assets abroad at record pace, To the downgrade of Leading South African Banks, To thousands of job cut announcement by Anglo-American PLC on 8th December 2015 in the Mining Industry, To political brinkmanship in South Africa regarding Financial, Economic and Political crisis: South Africa could not have been in a worse Financial and Economic situation; even though the worst case scenario is still to come.
From a Credit Rating downgrade of South Africa on 4th December 2015 to an almost a “Junk” status level, To South African Rand tumble and stumble after removal of a “respected” Finance Minister on 11th December 2015 and being replaced with an “unknown” person (David Van Rooyen), To South Africa having the Third Finance Minister (Pravin Gordhan) within a week by 13th December 2015, To what investment analysts call “the irredeemable loss of Investor confidence on President Jacob Zuma’s ability to steer the South African Financial and Economic situation”, To Capital flight from South African economy as South Africans move assets abroad at record pace, To the downgrade of Leading South African Banks, To thousands of job cut announcement by Anglo-American PLC on 8th December 2015 in the Mining Industry, To political brinkmanship in South Africa regarding Financial, Economic and Political crisis: South Africa could not have been in a worse Financial and Economic situation; even though the worst case scenario is still to come.
It is thus very important to
note that the worst case Financial and Economic scenario in South Africa is still to come.
When posting the prophecy of
The LORD back then on 27th September 2015, I stated as follows: ‘“The
First message that was imparted in my heart from this communication of The LORD
is that there is a very serious
financial crisis and by extension an economic crisis coming to the nation of
South Africa. A financial crisis that is going to hit the South African Rand
very hard. Meaning that the South African Financial system will be
shaken very hard by this upcoming financial crisis; essentially leading to a
financial crash. So perhaps it means that the
South African Rand loses its value so much until it becomes almost
unrecognizable”’
I also stated as follows
when posting the prophecy of The LORD across on 27th September 2015
(almost 3 months ago): ‘“The
Second message that was imparted in my heart from this communication of The
LORD is that when this financial
crisis (and by extension economic crisis) hits South Africa, there will be a
very tremendous political blame game; essentially becoming a campaign tool and
a campaign agenda.”’
While posting and sharing
across the prophecy of The LORD back then on 27th September 2015, I
titled it as follows: ‘“Prophecy of A Very Serious And A
Catastrophic Financial Crisis And Economic Crisis Coming To The Nation Of South
Africa”’
ALL THESE WORDS OF THE PROPHECY OF THE LORD HAVE SHOCKINGLY BEEN CAPTURED IN THE SUBSEQUENT GLOBAL NEWS REPORTAGE THAT HAS REPORTED AS FOLLOWS:
(a)- ‘“The Rand has hit new lows against the dollar and the pound on Friday. Around noon it was trading at R16,04 against the dollar, and R24 to the pound. The currency has been in free-fall since President Jacob Zuma fired Finance Minister, Nhlanhla Nene, on Wednesday evening. The rand fell 9.6% against the U.S. dollar this past week after President Jacob Zuma on Wednesday unexpectedly replaced Finance Minister Nhlanhla Nene with a little-known parliamentarian.”’
(b)- ‘“Old Mutual and Investec became the biggest FTSE laggards after the rand crashed to a record low following the ousting of South Africa’s finance minister Nhlanhla Nene by President Jacob Zuma.The announcement weighed heavily on London-listed companies with exposure to the rand. Shares in Anglo-African Old Mutual tumbled 21.2p, or 10.9pc, to 174.2p, dragging the FTSE 100 stock to a one-year low, while South African bank Investec slumped 11.1pc to 469.9p - its sharpest one-day fall in seven years.”’
(c)- ‘“Reaction by opposition parties was swift, suggesting that Zuma had lost control and should be recalled as president by the ruling African National Congress. Mmusi Maimane, the leader of the main opposition Democratic Alliance party, said: “Zuma must stop playing Russian roulette with our economy. “How much longer can South Africa afford Zuma to hold office? We need change and a new plan for South Africa.” The radical left-wing Economic Freedom Fighters, led by populist firebrand Julius Malema, said Zuma had turned South Africa into a “joke” and a “banana republic”. “The EFF calls for the immediate resignation of Zuma before he plunges the country into a deeper crisis,” the party said in a statement. Bantu Holomisa, leader of the United Democratic Movement, said the president had “lost control” and the ANC “should recall Zuma immediately”. With Zuma’s announcement made late at night, local analysts were still absorbing the stunning flip-flop and its likely effect on the markets.”’
(d)- ‘“South Africa's main opposition leader Mmusi Maimane criticized the sacking on Twitter saying that Mr Zuma "has again proven himself to be a President incapable of making the right decisions". Another opposition party, the Economic Freedom Fighters, said the president appointed Mr Van Rooyen because he knows he “will not stand up to him when he wants to do wrong things.”’
(e)- ‘“Nene’s firing “just highlighted how reckless Zuma is with the country’s finances”, said Craig Thompson of Nyon, Switzerland-based brokerage Continental Capital Partners SA. “Until there’s a credible plan to turn around the deficit and get the economy on a growth track, the rand will be on the back foot.” Even with the appointment of Gordhan there’s speculation the damage has been done. In a continent marred by corruption and political cronyism, South Africa was known for choosing its finance ministers on merit - a reputation that may now be ruined.
(f)- ‘“South African President Jacob Zuma named his second finance minister in four days on Sunday, reappointing Pravin Gordhan following market turmoil that sent the rand to record lows and bond yields to the highest in seven years. The U-turn has piled political pressure on the president who has been seen as streetwise, with deep criticism coming in from both the ruling coalition and the opposition, the markets having delivered a resounding rejection of the move.”’
(g)- ‘“It may well have been the case that an unprecedented amount of criticism from within the ANC, as well as the gravity of the financial market sell-off, forced a re-think from President Zuma,” Razia Khan, head of Africa economic research at Standard Chartered Plc in London, said by e-mail on Sunday. “Markets will welcome this news, with a strong likelihood that South African assets will rally. However, further reassurances will likely be needed for any deeper, sustained rally in South African markets.”’
(h)- ‘“The market turmoil could not have come at a worse time for South Africa as investors brace for the first U.S. Federal Reserve interest rate increase in almost a decade and a potential exodus of capital from emerging markets.”’
(i)- ‘“The rand breached 16 to the U.S. dollar for the first time, government bond yields rose and bank stocks dived further in the wake of Nene's dismissal. Political observers pointed to challenges the then-finance minister made to Zuma on two key deals that provoked his unceremonious removal from government. He clashed with the president over apparently shady plans to spend trillions of Rands on Russian nuclear technology without any due process to the deal.”’
(j)- ‘“Zuma’s announcement late Wednesday that lawmaker David van Rooyen would replace Nhlanhla Nene sparked public outrage and drove the rand to a record low against the dollar, while stocks slid and bonds tumbled. #ZumaMustFall was the top trending Twitter hashtag in South Africa and talk shows were flooded with calls for Zuma to resign. The Congress of South African Trade Unions, the country’s largest labor group and staunch supporter of the ruling African National Congress, said it was “shocked and disconcerted.”’
(k)- '"Thousands of protesters marched through South African cities on Wednesday demanding President Jacob Zuma's resignation after he triggered economic turmoil by sacking billions of rand off the country’s stock market by swapping finance ministers twice in less than a week."'his respected finance minister."'
(l)- ' ''The protests come after a series of major corruption scandals on his watch and days after he wiped
THE LINK TO THE GLOBAL NEWS CHANNELS REPORTAGE ON THE FINANCIAL AND ECONOMIC CRISIS THAT TAKES SHAPE IN SOUTH AFRICA:
1- ENCA
Headline: Rand hits new low as it touches R16 to the dollar
https://www.enca.com/south-africa/rand-hits-new-low-it-touches-r16-dollar
2- Reuters
Headline: South African rand hits record low, bank stocks dive after minister's sacking
http://www.reuters.com/article/us-safrica-markets-idUSKBN0TU1ST20151211
3- Daily Mail
Headline: South African economy in meltdown: Rand plunges to a record low after finance minister is sacked by Jacob Zuma after clashing over spending
http://www.dailymail.co.uk/news/article-3356380/South-African-economy-meltdown-Rand-plunges-record-low-finance-minister-sacked-Jacob-Zuma-clashing-spending.html
4-Yahoo News
Headline: South African troubles mount as rand collapses
http://news.yahoo.com/south-african-troubles-mount-rand-collapses-143931046.html
5- PoundSterling Live
Headline: South African Rand Crisis Stoked as Locals Transfer Money Out
https://www.poundsterlinglive.com/zar/3118-south-african-rand-in-crisis-as-locals-transfer-money
6- Irish Times
Headline: Zuma appoints third South African finance minister in week
http://www.irishtimes.com/news/world/africa/zuma-appoints-third-south-african-finance-minister-in-week-1.2466155
7- The Wall Street Journal
Headline: Anglo American Job Cuts Strike at Core of South Africa’s Mining Industry
http://www.wsj.com/articles/anglo-american-job-cuts-strike-at-core-of-south-africas-mining-industry-1450174147
8-Bloomberg
Headline: Zuma Sparks Outrage in South Africa by Axing Finance Chief
http://www.bloomberg.com/news/articles/2015-12-10/zuma-sparks-outrage-in-south-africa-by-firing-finance-minister
9-Capital Talk
Headline: South Africa's Credit Rating Downgraded to One Level above Junk Status
http://www.capetalk.co.za/articles/10153/south-africa-s-credit-rating-downgraded-to-one-level-above-junk-status
10-Times Live
Headline: Fitch downgrades 4 South African banks
http://www.timeslive.co.za/local/2015/12/13/Fitch-downgrades-4-South-African-banks
11-Times Live
Headline: South Africans march against Zuma after finance U-turn
http://www.timeslive.co.za/politics/2015/12/16/South-Africans-march-against-Zuma-after-finance-U-turn
SHALOM!!!
NOTE: This thus becomes the moment for the people and the nation of South Africa (and indeed the people and the nations of the entire earth) to embrace Repentance for the forgiveness of their sins through the Precious Blood of The LORD Jesus Christ, and thereby walking in Righteousness (Right before The LORD by following the ways and the Requirements of The LORD), Holiness (Set Apart for the glory and honour of The LORD), Truth (According to the Word of God in The Bible) and Complete Surrender to The LORD Jesus Christ in preparing the way for the coming of The LORD Jesus Christ.
ALL THESE WORDS OF THE PROPHECY OF THE LORD HAVE SHOCKINGLY BEEN CAPTURED IN THE SUBSEQUENT GLOBAL NEWS REPORTAGE THAT HAS REPORTED AS FOLLOWS:
(a)- ‘“The Rand has hit new lows against the dollar and the pound on Friday. Around noon it was trading at R16,04 against the dollar, and R24 to the pound. The currency has been in free-fall since President Jacob Zuma fired Finance Minister, Nhlanhla Nene, on Wednesday evening. The rand fell 9.6% against the U.S. dollar this past week after President Jacob Zuma on Wednesday unexpectedly replaced Finance Minister Nhlanhla Nene with a little-known parliamentarian.”’
(b)- ‘“Old Mutual and Investec became the biggest FTSE laggards after the rand crashed to a record low following the ousting of South Africa’s finance minister Nhlanhla Nene by President Jacob Zuma.The announcement weighed heavily on London-listed companies with exposure to the rand. Shares in Anglo-African Old Mutual tumbled 21.2p, or 10.9pc, to 174.2p, dragging the FTSE 100 stock to a one-year low, while South African bank Investec slumped 11.1pc to 469.9p - its sharpest one-day fall in seven years.”’
(c)- ‘“Reaction by opposition parties was swift, suggesting that Zuma had lost control and should be recalled as president by the ruling African National Congress. Mmusi Maimane, the leader of the main opposition Democratic Alliance party, said: “Zuma must stop playing Russian roulette with our economy. “How much longer can South Africa afford Zuma to hold office? We need change and a new plan for South Africa.” The radical left-wing Economic Freedom Fighters, led by populist firebrand Julius Malema, said Zuma had turned South Africa into a “joke” and a “banana republic”. “The EFF calls for the immediate resignation of Zuma before he plunges the country into a deeper crisis,” the party said in a statement. Bantu Holomisa, leader of the United Democratic Movement, said the president had “lost control” and the ANC “should recall Zuma immediately”. With Zuma’s announcement made late at night, local analysts were still absorbing the stunning flip-flop and its likely effect on the markets.”’
(d)- ‘“South Africa's main opposition leader Mmusi Maimane criticized the sacking on Twitter saying that Mr Zuma "has again proven himself to be a President incapable of making the right decisions". Another opposition party, the Economic Freedom Fighters, said the president appointed Mr Van Rooyen because he knows he “will not stand up to him when he wants to do wrong things.”’
(e)- ‘“Nene’s firing “just highlighted how reckless Zuma is with the country’s finances”, said Craig Thompson of Nyon, Switzerland-based brokerage Continental Capital Partners SA. “Until there’s a credible plan to turn around the deficit and get the economy on a growth track, the rand will be on the back foot.” Even with the appointment of Gordhan there’s speculation the damage has been done. In a continent marred by corruption and political cronyism, South Africa was known for choosing its finance ministers on merit - a reputation that may now be ruined.
(f)- ‘“South African President Jacob Zuma named his second finance minister in four days on Sunday, reappointing Pravin Gordhan following market turmoil that sent the rand to record lows and bond yields to the highest in seven years. The U-turn has piled political pressure on the president who has been seen as streetwise, with deep criticism coming in from both the ruling coalition and the opposition, the markets having delivered a resounding rejection of the move.”’
(g)- ‘“It may well have been the case that an unprecedented amount of criticism from within the ANC, as well as the gravity of the financial market sell-off, forced a re-think from President Zuma,” Razia Khan, head of Africa economic research at Standard Chartered Plc in London, said by e-mail on Sunday. “Markets will welcome this news, with a strong likelihood that South African assets will rally. However, further reassurances will likely be needed for any deeper, sustained rally in South African markets.”’
(h)- ‘“The market turmoil could not have come at a worse time for South Africa as investors brace for the first U.S. Federal Reserve interest rate increase in almost a decade and a potential exodus of capital from emerging markets.”’
(i)- ‘“The rand breached 16 to the U.S. dollar for the first time, government bond yields rose and bank stocks dived further in the wake of Nene's dismissal. Political observers pointed to challenges the then-finance minister made to Zuma on two key deals that provoked his unceremonious removal from government. He clashed with the president over apparently shady plans to spend trillions of Rands on Russian nuclear technology without any due process to the deal.”’
(j)- ‘“Zuma’s announcement late Wednesday that lawmaker David van Rooyen would replace Nhlanhla Nene sparked public outrage and drove the rand to a record low against the dollar, while stocks slid and bonds tumbled. #ZumaMustFall was the top trending Twitter hashtag in South Africa and talk shows were flooded with calls for Zuma to resign. The Congress of South African Trade Unions, the country’s largest labor group and staunch supporter of the ruling African National Congress, said it was “shocked and disconcerted.”’
(k)- '"Thousands of protesters marched through South African cities on Wednesday demanding President Jacob Zuma's resignation after he triggered economic turmoil by sacking billions of rand off the country’s stock market by swapping finance ministers twice in less than a week."'his respected finance minister."'
(l)- ' ''The protests come after a series of major corruption scandals on his watch and days after he wiped
THE LINK TO THE GLOBAL NEWS CHANNELS REPORTAGE ON THE FINANCIAL AND ECONOMIC CRISIS THAT TAKES SHAPE IN SOUTH AFRICA:
1- ENCA
Headline: Rand hits new low as it touches R16 to the dollar
https://www.enca.com/south-africa/rand-hits-new-low-it-touches-r16-dollar
2- Reuters
Headline: South African rand hits record low, bank stocks dive after minister's sacking
http://www.reuters.com/article/us-safrica-markets-idUSKBN0TU1ST20151211
3- Daily Mail
Headline: South African economy in meltdown: Rand plunges to a record low after finance minister is sacked by Jacob Zuma after clashing over spending
http://www.dailymail.co.uk/news/article-3356380/South-African-economy-meltdown-Rand-plunges-record-low-finance-minister-sacked-Jacob-Zuma-clashing-spending.html
4-Yahoo News
Headline: South African troubles mount as rand collapses
http://news.yahoo.com/south-african-troubles-mount-rand-collapses-143931046.html
5- PoundSterling Live
Headline: South African Rand Crisis Stoked as Locals Transfer Money Out
https://www.poundsterlinglive.com/zar/3118-south-african-rand-in-crisis-as-locals-transfer-money
6- Irish Times
Headline: Zuma appoints third South African finance minister in week
http://www.irishtimes.com/news/world/africa/zuma-appoints-third-south-african-finance-minister-in-week-1.2466155
7- The Wall Street Journal
Headline: Anglo American Job Cuts Strike at Core of South Africa’s Mining Industry
http://www.wsj.com/articles/anglo-american-job-cuts-strike-at-core-of-south-africas-mining-industry-1450174147
8-Bloomberg
Headline: Zuma Sparks Outrage in South Africa by Axing Finance Chief
http://www.bloomberg.com/news/articles/2015-12-10/zuma-sparks-outrage-in-south-africa-by-firing-finance-minister
9-Capital Talk
Headline: South Africa's Credit Rating Downgraded to One Level above Junk Status
http://www.capetalk.co.za/articles/10153/south-africa-s-credit-rating-downgraded-to-one-level-above-junk-status
10-Times Live
Headline: Fitch downgrades 4 South African banks
http://www.timeslive.co.za/local/2015/12/13/Fitch-downgrades-4-South-African-banks
11-Times Live
Headline: South Africans march against Zuma after finance U-turn
http://www.timeslive.co.za/politics/2015/12/16/South-Africans-march-against-Zuma-after-finance-U-turn
SHALOM!!!
NOTE: This thus becomes the moment for the people and the nation of South Africa (and indeed the people and the nations of the entire earth) to embrace Repentance for the forgiveness of their sins through the Precious Blood of The LORD Jesus Christ, and thereby walking in Righteousness (Right before The LORD by following the ways and the Requirements of The LORD), Holiness (Set Apart for the glory and honour of The LORD), Truth (According to the Word of God in The Bible) and Complete Surrender to The LORD Jesus Christ in preparing the way for the coming of The LORD Jesus Christ.
PREPARE THE WAY FOR THE COMING OF THE LORD JESUS CHRIST IN
ABSOLUTE REPENTANCE, RIGHTEOUSNESS, HOLINESS, TRUTH AND COMPLETE SURRENDER TO
THE LORD JESUS CHRIST (YESHUA/YAHUSHUA HA MASHIACH). TIME IS ABSOLUTELY OVER;
THE MESSIAH JESUS CHRIST IS IMMINENTLY COMING TO PICK HIS BRIDE!!!
REPENTANCE PRAYER:
Precious Jesus,
I acknowledge today that you are LORD and savior of all
mankind,
and today I have recognized my shortfall,
I repent and turn away from all sin.
Please cover me with your precious blood,
and establish your word in my life,
that I may be found in righteousness and holiness
and write my name in your book of life
and baptize me with the power of the Holy Spirit
in the mighty name of Jesus Christ.
AMEN.
Your Brother in Christ,
And A Servant (A Shepherd) of The LORD: Kevin Mirasi.
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