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.
Dr Khoza is admired by South Africans for her role in the SABC inquiry as a ANC member of parliament.
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Makhabane says Ncwane was feeling weak yesterday and his wife phoned paramedics to check on him.
The EFF lawyer stole the show during the state capture report court battle.
Michiel le Roux speaks about the fascinating story behind the little bank that has the Big 4 shaking in their boots.
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