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

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Is Naspers too dependent on Tencent?

Is Naspers too dependent on Tencent?

We interviewed Naspers CEO Bob van Dijk about the perceived over-reliance of his company on Chinese behemoth Tencent.

Naspers owned Tencent now world’s 11th the most valuable brand (1st in China)

Naspers owned Tencent now world’s 11th the most valuable brand (1st in China)

Internet services company Tencent Holdings, in which Naspers has a 34 percent stake, has surpassed Facebook in brand value.

Naspers owned Tencent buys stake in Kim Kardashian game developer Glu Mobile

Naspers owned Tencent buys stake in Kim Kardashian game developer Glu Mobile

The Chinese tech-firm will pay R1.5bn for a 15 percent stake in the US developer famous for its hit "Kim Kardashian: Hollywood”.

Chinese economic growth hits 24-year low

Chinese economic growth hits 24-year low

“The country's period of miraculous break-neck growth is over,” said the state-run Xinhua News Agency.

Will Africa see its own version of China's Alibaba success story?

Alibaba has just become the biggest IPO in history, Jonathan Cherry asks if we could have a similar story coming out of Africa

Popular articles
Investing in increasingly wealthy Mauritius (Africa’s most functional democracy)

Investing in increasingly wealthy Mauritius (Africa’s most functional democracy)

Bruce Whitfield interviews Nikiwe Bikitsha, who is on a fact-finding mission in Mauritius courtesy of Standard Bank.

Sassa cards will be functional beyond expiry date

Sassa cards will be functional beyond expiry date

Sassa says text messages making the rounds asking beneficiaries to come and renew their Sassa cards is a hoax.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Chris Hani's killer Clive Derby-Lewis dies

Chris Hani's killer Clive Derby-Lewis dies

Clive Derby-Lewis (80) was handed a life sentence behind bars but was granted medical parole in May last year.

How to make your first million

How to make your first million

Warren Ingram discusses his new book in which he shares practical ways for ordinary people to achieve financial freedom.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?