South africas president , jacob zuma . The rand is poised to surge. We talk you through whats at stake. Plus formula milk is big business in hong kong. We assess the obstacles there to Breast Feeding. Welcome to World Business report. Im sally bundock. Also in the programme chinas appetite for stout beer is soaring. Rico is back with the reasons why. But first President Zuma of south africa faces another vote of no confidence in parliament. This time it will be a Secret Ballot. Mr zuma has been under constant pressure over everything from Corruption Allegations to a controversial Cabinet Reshuffle that saw his widely respected finance minister, pravin gordhan, fired earlier this year. That prompted two Credit Rating agencies, Standard Poors and fitch, to downgrade south africas Credit Worthiness to junk, hugely increasing borrowing costs. And injune, the economy, once the continents largest, fell into a second recession in a decade. Figures out yesterday show the countrys Unemployment
Where now for south africa . After last weeks massive Cabinet Reshuffle, President Zuma may face another vote of No Confidence. We talk you through whats at stake. Third time unlucky . Toshiba shares plunge in tokyo again on reports it may miss its results deadline, for the third time. Welcome to World Business report. Ina in a moment we will look at the Property Market in beijing as well. We begin in south africa where the parliaments speaker is considering a No Confidence vote request from the opposition of president jacob zuma. This comes after the countrys finance minster, Pravin Gordhan, and many other cabinet members, were sacked last week by the president which has had a big impact. Lets talk you through the reaction. Within hours of mr gordhans removal, the south african currency, the rand, fell sharply and was down over 5 against the dollar for the week. The Share Markets were also impacted seeing their biggest drop since 2015 with Government Bonds and Banking Stocks falling h