What China’s currency devaluation means for South Africa

China's central bank has devalued its currency.

What does this mean for South Africa?

The Money Show’s Bruce Whitfield interviewed Matthew Birtch, Asia Expert and Lecturer at the Gordon Institute of Business Science (Gibs).

Scroll down to listen to the audio.

This affects stock markets around the world.

Matthew Birtch, Lecturer at the Gordon Institute of Business Science

This is the most extreme devaluation in 20 years.

Matthew Birtch, Lecturer at the Gordon Institute of Business Science

This devaluation may become a trend.

Matthew Birtch, Lecturer at the Gordon Institute of Business Science

China is restructuring; this is an attempt to settle things.

Matthew Birtch, Lecturer at the Gordon Institute of Business Science

This article first appeared on 702 : What China’s currency devaluation means for South Africa


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