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.
The Money Show’s Bruce Whitfield interviews Stuff magazine’s Toby Shapshak.
Nkosinathi Nkomo came up with a system that could turn grey water into usable water amidst the Cape Town water crisis.
The Money Show’s Bruce Whitfield interviews the former CEO of Africa’s largest retailer by far.
A policing expert explains that the airport shooting may be linked to the shooting at a Stellenbosch nightclub this past weekend.
Independent Marketing Consultant in the Technology Space, Andrew Fraser says this looks like a leak and not a hack.
The incident happened in the early hours of Wednesday morning.