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.
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:
Headline: Rand hits new low as it touches R16 to the dollar
Headline: South African rand hits record low, bank stocks dive after minister's sacking
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
Headline: South African troubles mount as rand collapses
5- PoundSterling Live
Headline: South African Rand Crisis Stoked as Locals Transfer Money Out
6- Irish Times
Headline: Zuma appoints third South African finance minister in week
7- The Wall Street Journal
Headline: Anglo American Job Cuts Strike at Core of South Africa’s Mining Industry
Headline: Zuma Sparks Outrage in South Africa by Axing Finance Chief
Headline: South Africa's Credit Rating Downgraded to One Level above Junk Status
Headline: Fitch downgrades 4 South African banks
Headline: South Africans march against Zuma after finance U-turn
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.