R4 billion jet crashed South African economy
Something as ridiculous as going through Pravin Gordhan can only happen in South Africa. Yep, never mind the consequences to poor South Africans and the business sector, especially importers because the ZAR just got flushed down the toilet for the n~th time since the "ousting of apartheid." Over the past four years the the Rand has lost so much value that it's starting to resemble the free fall of the Zimbabwean Dollar under Robert Mugabe's presidency.President Zuma is panicking beyond comprehension because his whim was in fact political suicide leaving him more vulnerable than ever for bringing South Africa on the bring of a recession. His political wrangling arose over a planned nuclear deal and questionable spending at the struggling national airline carrier. And there is speculation that Zuma axed Nene because of his refusal to approve the purchase of new Airbus jets from airline chairwoman, Dudu Myeni, who was known to be a close ally of President Zuma.
However, the South African Rand firmed by as little as one Rand closing of R15.88 which is nowhere near to what it was before 2011. I distinctly remember a time when the 1 ZAR was worth 2 USD but since we've had 5 presidents. It appears that tribalism is beyond good governance seeing that JZ was elected into office not because he was the best man for the job but that it was the Msholozi clan's turn to lead the people of South Africa even though he had no formal education as a child.