What does the sacking of Minister nene Mean?

ExchangE ratE

low incomE

middlE incomE

highincomE

Bond markEts stock markEts

The rand sees its largest decline since September 11, falling to the lowest it has ever been

Interest rates rising, raising the cost of borrowing for South African entities

Companies dependent on South African growth see their share prices fall

income servicesexpenses

the market has responded

what does this mean for you?

It will be harder to find a job as there is less money to build and grow businesses

The value of your local investments is destroyed

You will pay more tax

There will be less money for grants and state services

Delivery of basic services will decline, meaning less access to services like water and sanitation, which is likely to result in more protests and unrest

There will be less funds available to invest into infrastructure that includes roads and hospitals

The ability to fund state services like basic education and electricity will decline, reducing access for those who need it mostYour food and transport

are going to cost more

It will cost you more to borrow money and you will need to supplement your income

This infographic was created by the Young African Leadership Initiative Mbewu class, a collective that comprises professionals who are leaders in their fields, spanning sectors of government, the financial sector, South African and international corporates and civil society.