Brazil's leftist President Dilma Rousseff suffered a humiliating loss in a crucial impeachment vote in the lower house of Congress on Sunday.
She will now almost certainly be forced from office months before the nation hosts the Olympics, according Reuters.
The Money Show’s Bruce Whitfield interviewed Dr Lyal White, Director at the Centre for Dynamic Markets at the Gordon Institute of Business Science.
White spoke about the economics of this development and possible scenarios.
Scroll down for quotes from the audio below.
The vice-president is also facing impeachment.— Dr Lyal White
It’s the economic crisis that brought about this political one.— Dr Lyal White
It’s like Brazil needs an enema!— Bruce Whitfield
We look to Brazil and the dire consequences it’s now dealing with after being downgraded to “junk”.
Comparing Madagascar and Mauritius – a tale of two islands, by the Gordon Institute of Business Science's Dr Lyal White.
Bruce Whitfield interviews Misha Glenny, author of a new book about an ordinary man who became Brazil’s most wanted criminal.
The rise of Mexico seems unstoppable. The same can happen in South Africa, says Dr Lyal White (Gibs).
South Africa has the three most violent cities in Africa, according to a Mexican study. Johannesburg isn't one of them.
Head of the Centre for Enteric Diseases at the NICD Dr Thomas says that Listeriosis is problematic because it isn’t notifiable.
This year we're going to hit a million downloads of free textbooks in SA - James van der Westhuizen, country manager for Bookboon.
Shaun Abrahams is no longer the National Director of Public Prosecutions and President Zuma can't appoint his replacement.
The company lost around R100 billion leaving the JSE reeling in one of the biggest private sector business scandals.
Your money, and Steinhoff… Bruce Whitfield interviews Certified Financial Planner Peter Calitz.
The Money Show’s Bruce Whitfield interviews Sygnia Group CEO Magda Wierzycka.
Western Cape Premier Helen Zille says the government plays a crucial role in the provision of affordable housing in the province.