South Africa’s currency slides amid fatal riots. What’s going on?

South Africa’s currency slides amid fatal riots. What's going on?

The South African rand has depreciated rapidly as the government prepares to deploy more troops, amid widespread violence following the arrest of former President Jacob Zuma.

Zuma has spoken about his alleged mistreatment by the court system and has denied any wrongdoing. He has been imprisoned for contempt of court.


After seven days of rioting, 72 people have died and more than 1,200 have been arrested. Can the South African economy hope to recover?

More World News

Lebanese president defies U.S. and French pressure; “social explosion” imminent

Afghanistan: Taliban offers ceasefire for return of prisoners. Will Biden say yes?