. >> reporter: soweto-- the sprawling black township in south africa's biggest city, johannesburg-- is synonymous with the struggle against apartheid. two decades after the regime of racial separation ended, many cultural divides remain. traditionally, ballet here was for the white and wealthy. black south africans were excluded, leaving a legacy of disinterest. ballet teacher muli mokgele is among those trying to change that. >> growing up, we knew ballet as being a white sport, so it's very much new to us. but i know that in time it will get better. >> reporter: dirk badenhorst judges ballet internationally and organizes ballet competitions in south africa. he's pushing to bring more ballet teachers to soweto. >> are the conditions ideal to do what we are doing? no. is it the perfect way of doing it? no. but if we don't start somewhere, we're never going to have it. >> reporter: one of his recruits is maria de los angelas quintanilla-- known affectionately as miss maria-- an experienced ballet instructor from cuba. she arrived in south africa a few months ago and has already develope

this report from johannesburg. reporter: the governing anc has been handed its first major election setback since it ushered in democracy in 1994. this is the first time the party of nelson mandela won less than 60%, an embarrassment and a major psychological blow, even though it still commands huge support countrywide. >> there have been other issues that affected the african national congress but broadly, the anc has done well. against all odds. reporter: but infighting, court cases, and a host of corruption scandals, some involving president jacob zuma, are widely seen as the reason for the anc's weakening support. >> what i would say to anc is they need to learn from their opposition, they need to take it the citizens of africa very seriously. reporter: the municipal election results show that the anc's power and influence is slowly declining. the party is coming to the realization that it can no longer take it for granted that the country's black majority will follow it blindly. the official opposition democra

we have analysis life from johannesburg live on "countdown."his is bloomberg. ♪ hey how's it going, hotcakes? hotcakes. this place has hotcakes. so why aren't they selling like hotcakes? with comcast business internet and wifi pro, they could be. just add a customized message to your wifi pro splash page and you'll reach your customers where their eyes are already - on their devices. order up. it's more than just wifi, it can help grow your business. you don't see that every day. introducing wifi pro, wifi that helps grow your business. comcast business. built for business. anna: welcome down to "countdown." 6:30 in london. that was a live shot of tokyo. the dollar is fairly flat compared to the 1%, not much in the grand scheme of things. let's tell you what it is featuring in today's additional daybreak, now available on your bloomberg terminal and your mobile. let's take a look at some of the stories from today. we are going all out for the olympics on the front cover of "daybreak." rio olympics kicks off. if you can stay up late enough, you

angie: let's get the latest on this from johannesburg. -- he will not hand himself over. next? >> good morning. he is refusing to hand himself over saying he has done nothing wrong. in the implementation of that unit that was used to find certain companies, they are just wanting to question him. two other officials that were called in said they would not percent themselves to the police unit. we have yet to see what is going to happen but we do know the finance minister did make an adjustment highlighting the economy is at the forefront and that he does not anticipate the economy will grow beyond 0% this year. market the south african is getting a battering. lasts lost 4.8% in the three trading sessions. how will investors react to this latest move? guest: what we did see is when the finance minister released his statement last night we saw an immediate reaction furthering decline when initial reports came through. going to the dollar mark which is a psychological level people have been happy that it has been below. that was the biggest drop since december. >> they are jo

bloomberg news in our johannesburg euro.n the european glows -- close, glencore looking to consume investor slows on the balance sheet. we will talk to an investor with skin in the game. that is next. ♪ david: it is 4:00 p.m. in london. i'm in for vonnie quinn. mark: i am mark barton. you're watching the european close on bloomberg market. ♪ mark: we will take you from washington to london. here is what we are watching today. shares of glencore are falling off for the company posted its lowest profit this decade. can we really sure the investors with his pledge plus $500 million? >> a powerful earthquake hit central italy in the middle of the night. the death toll continues to rise. denmark's biggest pension fund says it is growing increasingly worried about how the markets will react across asset classes. one of the many side

it may also look like they could be in trouble in johannesburg and victoria. seen is that some of the largest districts in johannesburg are trickling in, giving them a slight lead this morning, but we still have that 10% yet to be counted and we will see whether that sways the vote. caroline: i'll pick it up from here, we want to talk market reaction. we have a great chart showing how we have seen a ramp-up in the south african rand on the hope that the anc will have to shake itself up. he is a cultural guide, this is a reference to hemingway, but overall this is a pickup since december -- give us a sense of the market reaction on the back of the election outcome. anna: looks as if we have lost contact. they you very much. amo mbatha. our guest is still with us. boost as we move toward what looks to be a disappointing performance from the amc. when you look at emerging-market currencies, they are these domestic, political stories, whether it is brazil or south africa. but overall you have to lay the dollar and what the fed is doing. what looms largest? >> it h

we will go live to johannesburg for the latest. . vonnie: you are watching bloomberg.is what we are watching. the federal reserve effect is reverberating through markets. janet yellen says the heightened speculation of a rate hike is increasing focus on this week's jobs report. bmw fallen behind mercedes in the luxury car market. we will tell you what it is doing to the flagship seven series to catch up. vonnie: and south africans are losing faith in the african national congress. charges of corruption and incompetence, many doubt they will ever be able to deliver on the promises. almost unthinkable that two months ago, the prospect of a rate increase next month is now back on the table. janet yellen said on friday that the case for an increase is getting stronger. vice chair stanley fischer indicated that tightening is possible. those comments sharp and focus on u.s. data reports this week. particularly payroll reports on friday. >> rates are simply going to normalize. we need to see a time in which interest rates go up. and whether that happens in september or decemb

vonnie: we are going to take you from los angeles to johannesburg and cover stories out of the u.k. and washington in the next hour. minutes of the federal reserve's last meeting dampening prospects for a rate hike, sending the dollar sinking. officials have pushed the odds of a rate increase this year back to below 50%. nejra: u.k. retail sales jumping more than expected after britain voted to the european union. sterling strengthening of the back of that data. self driving cars arrive in pittsburgh, pennsylvania this month, and uber is behind it. to the car service plans replace more than one million human drivers with robotic ones. 30 minutes into the trading day into the u.s. julie hyman is on record watch again. although at the moment it would be difficult for stocks to move less than they are. so little change in the averages at the moment. the dow jones down five points. the s&p up half a point. none of them moving as much as .1% at the moment. a tight range after the release of the fed minutes yesterday led to this revised review that the fed would be on hold at least throug

national congress, south africa's ruling party, could lose control of several cities, including johannesburg, port elizabeth and the capital, pretoria. this would be a historic defeat for the party formerly led by nelson mandela. the a.n.c. has been in power since the end of apartheid in 1994. its main rival is the democratic alliance, south africa's main opposition party for two decades. >> we are here to say, the is only an obstacle. we have to remove them out of the way so we can fight the number one battle of south africa, job creation. reporter: many voters see the d.a. as a wide party, prompting some to turn to the economic fighters party. -- are going to take reporter: the vote is seen as a major test for president zuma. the a.n.c. performs badly, it to step downhim before his term initially -- 2019.ally ends in sudan facing a huge humanitarian crisis, the warning that the number of people fleeing the country to uganda in the past 10 days has more than andled, most of them women children. reporter: mary john keeps close watch over her infant son. the pair, just two out of tens thousan

[indiscernible] the da looked set to create coalitions in johannesburg. 8% left-wing party received of the vote. this is a major boost for the taken 26%, the da has of the national vote. the anc has managed to hold onto 54% with support in rural south africa. that urban men saved the ruling party has failed to a tackle -- to tackle rising unemployment. battle toes an uphill win back support for the general election in 2019. to the dayhree weeks after an attempted coup in turkey and president wretched tie up erdogan -- president recep tayyip erdogan -- the man accused of being behind last month's failed military takeover. tens of thousands of people have already been arrested as part of a nationwide purge. still cracking down on foot to a golden -- on fethullah gulen's record. claimsmer ally says he -- former ally claims he had nothing to do with it. condemnedrepeatedly the coup attempt in turkey and had no knowledge. reporter: president erdogan says he will show no mercy to any organization. >> perhaps the business world is where they are strongest. a project cannot be successful if it

are south african reporter in johannesburg. in the international head of emerging markets for economics. thank you very much. everything that i read says this comes down to what happens with the rating agencies in south africa. gordon said last night, no growth.what do you make of it ? >> i think it is more serious. this is about, power and ultimately what president zuma wants to do is to access levers of spending without blocks in his way that are given out to political connections and clearly this is frustrating that. they have lost control over 85% of their budget so it is even more important that he keeps power. the ultimate and goal isn't to see him in jail, it is to win the elected conference at the end of next year, to help the next leader after him to secure the succession. peter, you dig into andmovements on the rand, we are seeing around the worst performer over the course of the last five days. will we see it go further? what is the volatility? >> well, the real problem with the rand is that the market has pressed up

a few hundred kilometers away, west of johannesburg, lies buffalo dream ranch. here, too, people are fighting the illegal rhino horn trade. veterinarian michelle otto is up early to do some hunting, but only with a tranquilizer gun. that's because rhinos are bred on this farm and their horns are trimmed on a regular basis. the idea is to legalize the trade in horn with the intention of making poaching unprofitable. michelle: this horn part that we're trimming is basically like a fingernail. it's keratin, it's like the hoof of a horse. it's like cutting your own hair, for instance. the section that we're trimming is the part that has no blood supply, it has no nerve endings in that specific section that we're cutting. so, it's basically like just going for a manicure. reporter: 1,300 animals live here on the world's largest rhinoceros farm. rhino horn grows back, so it can be harvested several times. each gram is precisely weighed, catalogued, and then securely stored . after all, the keratin is more valuable than gold or cocaine. in asia, it's considered a mirac

david mckenzie, cnn, johannesburg, south african. >> thank you. >>> this is "cnn newsroom."hy one olympic athlete's name and flag is stirring up mixed emotions at the olympic games. >>> live across the u.s. and around the world this hour, you're watching "cnn newsroom." be the you who doesn't cover your moderate to severe plaque psoriasis. be the you who shows up in that dress. who hugs a friend. who is done with treatments that don't give you clearer skin. be the you who controls your psoriasis with stelara® just 4 doses a year after 2 starter doses. stelara® may lower your ability to fight infections and may increase your risk of infections and cancer. some serious infections require hospitalization. before treatment, get tested for tuberculosis. before starting stelara® tell your doctor if you think you have an infection or have symptoms such as: fever, sweats, chills, muscle aches or cough. always tell your doctor if you have any signs of infection, have had cancer, if you develop any new skin growths or if anyone in your house needs or has recently received a vaccine. a

apartheid remain unfulfilled. .mong them are this family the father lives in a squatter camp near johannesburghe was among the first generation of black men who got a chance to vote. he has been a supporter of the ruling party, but is disappointed with the government will stop his son -- with the government. his son thinks differently. theas chosen to back radical left economic freedom fighters party. [speaking foreign language] it is estimated that over 25% of south africans are unemployed. record-breaking rises in food prices mean some voters are struggling to stay loyal to the anc. -- the partyd founded by nelson mandela has prevailed for nearly 22 years, but it may be struggling to hold onto its positions. brazilian president dilma rousseff is one step closer to being removed from office. a senate impeachment committee has voted to put the suspended later on trial in the fall chamber for breaking budget laws. is facing charges of manipulating government accounts to allow for more public spending in the run-up to her reelection. the trial should reach a verdict by the end of this month. rus

mbatha doing his this from johannesburg.g a downbeat on the growth sector, now answering questions on his own involvement. i was drawn to a story today talking about how politics is interrupting the trade we are seeing in markets. ubs,e a chart here from measuring carry trade performance, dropping from this year's performance or highlighting how politics can be so damaging i suppose you're looking to make money from varied interest rates, the politics and get in the way. megan: it absolutely can do a lot is being given by politics, not a lot of policy. but i do think that what we are seeing is a lot of investors stepping to the sidelines in deciding they're not going to get involved as long as there is so much uncertainty. in the past we had bowls and bears. now we have a large part of politics and a large part of countries, just not sure to stay on the sidelines. usually, i think analysts think that is response to indicators. by thing that is actually driving economics. anna: tell us about uncertainty. using the nature of u

to johannesburg. great to have you here.he finance minister reacted the summons he has received? reporter: good morning. this developing story is very serious. we know the finance minister's spokesperson said he is seeking legal advice. mustahead of the report he report to a police unit. anna: it seems markets are nervous anytime somebody they think they trust such as the finance minister is perhaps a little more distant from the president, in this case jacob zuma. markets were nervous. and then we saw the rand recovered. now, further weakness coming through the rand. our market still nervous around this story? mo: yes, definitely, markets are still nervous. the rand, weakening. we haven't seen that kind of weakness in about three weeks. we had stable local government elections. these new allegations weighing on the rand. we know there are bonds do in 29 aces, which are down points. witharket coming through the reaction is not happy with the news the finance minister could possibly be arrested. anna: we were talking about th

has won in johannesburg, the country's largest city. the party says it will try to form coalitions in the cities where it fell short of a majority. local authorities in belgium say two female police officers were attacked and injured by a man with a machete outside the central police station in charleroi, south of brussels. witnesses say the man was yelling "god is greatest" in arabic. he was shot and killed by a third police officer. both injured officers are said to be out of danger. charleroi is also the city where belgian officials discovered a safe house used by the plotters of the november paris attacks that killed 130 people. an american teenager from virginia has won the first gold medal at the rio olympics. 19-year-old virginia thrasher defeated china's du li with an olympic-record performance in the ten-meter air rifle event today. the medal ceremony was the first following last night's colorful opening ceremonies in a rio soccer stadium, all to the relentless beat of the bossa nova, samba and funk. but not all brazilians are

this is an ongoing story which we spoke to, our reporter in johannesburg just a few minutes ago. market reaction has been extended today. the rand is falling against four major currencies. up byjohannesburg just a few mis ago. 1.3%. he is perceived in the marketplace as a safe care of hands when it comes to the economy. david: we will continue to follow this. time now for a look at some of the biggest business stories in the news now. the housing data, sales fell.usly on -- sales were down 3.2% with an annual rate of 5.4 million homes. this is the first time they declined in five months. inventory is still tight and it would take five months to sell out the current supply of houses. bank of scotland has told about 3000 of its clients that times running out. they are global transaction service customers outside of the u.k. and ireland. rbs acquired the business is in a takeover and multinational companies were forced to find new banks. that is your update. now to u.s. politics. donald trump has been the center .- a shift of his strategy the economic plan is more an evolution in th

in johannesburg, thank you for joining us. take us through this story as the week has unfolded. it start, where are we, and is his job still on the line? heading for its biggest weekly decline since may. we have seen dollar weakness really helping the rand return back to a bit of better footing. what we did see is that initial after theon tuesday reports came out of the finance minister had been summoned by a police unit to come in for questioning. unitall involving a spy that was formed at the tax collecting agency. we know the finance minister refused to present himself for questioning. we did see further declines on wednesday. the rand lost over 4% of its value between tuesday and wednesday. fromdid help were comments the president that came out on thursday in which he expressed that he had full confidence in the finance minister even though he cannot directly intervene in the probe that is currently ongoing. mark: why didn't those comments continue to pump up the rand, to give a boost to government bonds ? is there a fear he could lose his job and investors are worried about

. -- johannesburg. nejra: stocks on track to close out what would be an eerily calm august.ng a close eye on brazil, whether to remove dilma rousseff could come at any moment. nejra: donald trump lending a quick trick to mexico surely before the republican presidential nominee is slated to give a speech on immigration in phoenix. are nearing the halfway point of the trading day. let's head over to the markets desk. abigail: it looks like the

in johannesburg paul continuesly, fox news.the course of the past year we brought you the struggles of a 6-year-old maryland girl battling brain cancer. >> last december she had wish foundation and a fairy tail hunt and loves unikornz. she got a chance to see them. she said she had another dream to ride un corn intoen chanted forest. today that dream came through thanks to days inn farm horse farm in maryland they arranged for her to go on the ride through theen chanted forest she was happy incredible day for her and her family. >> it's amazing. i would say for us we get a lot of joy in just seeing her smile and watching how happy she is and you know she lives for this she loves horses and unikornz and this has been amazing for us. so just seeing her smile and happy has been amazing feeling for us as parents it's always good to see her happy. >> you may recall in december when we first told steve hershorn cancer was in remission it since returned. all of us here pulling for eden and we wish her and her family nothing but the be

is also poised to lose overall control of johannesburg and the capital city of pretoria. the death toll from the bastille day truck attack in nice is now 85. the latest victim died in the hospital. the 56-year-old man, his wife, and their 13-year-old son were killed when a truck driven by a tunisian man barreled down on july 14. islamic state claimed responsibility for that attack. new revelations now about the missing malaysia airline flight 370. ma labor is acknowledging for the first time that one of the pilots had plotted a course on his home flight simulator to the southern indian ocean. now, that's where the missing jet is believed to have gone down, but an official says the simulator included many destinations and that there's no evidence the plane was deliberately crashed. global news 24 hours a day, powered by more than 2,600 journalists and analyst in more than 120 countries. this is bloomberg. von snow vonnie: thanks. getting back now to jobs day. another month of robust jobs growth, and healthy revisions to prior months. if you're looking for a different read

not just the first human life as we know it, here at the cradle of human kind near johannesburg but theika virus itself was discovered here on the continue innocent. in 1947, scientists in uganda in east africa were researching diseases such as yellow fever with monkeys and one became sick with a new virus. the scientists decided to name it after the forest in which the monkey was found. zika. >> and then to the best of our knowledge, it kind of went under the radar screen in africa and in southeast asia. in the first outbreak was in 2010 in the islands of yap. and it was very, very recognized because it was an explosive outbreak. >> 75% of the island nation contracted the zika virus and then it disappeared again. in 2013, 20,000 in poll need yeah were diagnosed with the disease. >> and then in 2015, there was an outbreak in a what we call highly vulnerable region and population and by highly vulnerable, we mean a group of people who have never seen the infection before and no underlying immunity in the population. >> brazil has more than 100,000 suspected cases of zika 1,700 potentiall

in johannesburg paul tillsly fox news.ews. >> 7:28.tching fox5 newsfox5 n morning.rnin the annual 9/11 ride willill begin its final leg of its trip.tr find out why this year may be their find ride. >>> plus mike is back with another look at today'sod weather. here's a live look at rehobothrh beach right now at 7:28. 7 looks beautiful, right.ight stay with us. wus. fox5 news morning saturday will be right back. t back. >> ♪ >> welcome back. time now is 7:31. now hey, here's a live look inside the panda cam, mike. >> the panda just walked up wke the street.e st >> he's like i'll holla' backllc later. i'm going to go relax in thehe corner there where i'm not violated. okay. i want to give christie wear aew shot out. out she tweeted us a couple photos o from the redskins game. g christie i see your pictures.ur she took some selfies after the win and selfies in the stand. >> i'll try and throw some up.tu >>> i'll try and put some in the weather system.m. >> good, good. hi to emil at a.. he says mike's been practicing.pr a faceoff with tucke

joining us now from johannesburg, amogelang mbatha joins us now.know in the latest developments with the firm is that an auditing has confirmed that it is conducting a forensic probe into deals that were commissioned while the minister was the head of the south african revenue service. revenued up the tax agency between 1999-2009. these reports coming after he was summoned by the special police unit to answer allegations that he established a road unit to spy on companies and politicians. that is due to happen on thursday. alix: we have seen the market reaction. , being theordon finance minister, why is he so important? amogelang: this is the man who steered south africa through a recession and has been at the forefront of a campaign to engage with business and agencies to possibly save credit ratings downgrades to a junk status. invested inors have a lot of trust in him. so hearing that he could possibly be arrested or not be be finance minister by the end of the week is unsettling for the markets. was ann: this embarrassment at the end of 2015. m

we're joined from johannesburg. we don'tis is the guy know a lot about. give us a lot of history.frican, a lawyer by training. south africa's richest man, the second richest on the continent. basically he has built his business is and his career on retail, but specifically at the lower or affordable end of the market. companies is the largest food retailer in africa. another big success of his, discount household goods, he was than $5old for more billion, and that transaction made him the largest a name with which we are becoming increasingly familiar. guy: great start, great interview, great to get him on our air. thank you. stay with bloomberg television. up next, it is "the pulse." today it is brexit day. we will be speaking to john holland came, joining us from heathrow. the ceo of heathrow airport. infrastructure investment is a big subject. ferro ande story; jon i will be on bloomberg radio. wrapping up what has been an incredible week. this is bloomberg. ♪ francine: oil advances from august lows. keeping his mojo, billionaire trader paul tudor jones wants to make riskier be

from local elections show the group losing control of the city of port elizabeth, and possibly of johannesburgtoria. it's driven by a poor economy and alleged corruption. >> ( translated ): you saw how the a.n.c. performed in the township here. nothing seems to progress, but go and see how they stay in top hotels, and at the end of the day they give us t-shirts and no service delivery. >> woodruff: these local result> could foreshadow trouble for the a.n.c. in national elections, coming in 2019. there's word that islamic stated fighters have captured somete 3,000 villagers in northern iraq. the u.n. refugee agency reports that it happened thursday as the refugees were trying to reach shelter in kirkuk. u.n. officials say isis militants are using the iraqis as human shields against attacks by government forces. and it's officially opening night at the summer olympics inn brazil. the run-up in rio de janeiro has been marked by political and economic turmoil, and worries about zika and pollution. even today, the olympic torch was forced to detour after thousands of protesters blocked the copacaba

centerancial johannesburg and the industrial hub port elizabeth have been lost. the boj's next move, including the 2% inflation target and whether it may be delayed. this is bloomberg. ♪ ♪ a quick look at what we are watching and asia over the next five days. tuesday, the end of an era in 's lastraghuram rajan meeting as governor. he boosted investor confidence in india. reports courtly earnings on wednesday. the stock had a roller coaster ride last week, rallying 16% following a two-day drop. this is the first set of earnings out of the new leadership. on thursday, the reserve bank of new zealand makes a decision. surveys expect a cut in benchmark rates by 25 basis points. another cut is expected in november to take rates to 1.75%. on friday, the latest picture of china's economy when it releases retail and industrial production data for july. the previous month showed an increase for both. we will see if there is momentum ase in the slow transition well as recovery. let's head to japan, a survey has found economists expect the boj to increase its stimulus progr

. -- johannesburg. nejra: stocks on track to close out what would be an eerily calm august. matt: keeping a close eye on brazil, whether to remove dilma rousseff could come at any moment. nejra: donald trump lending a quick trick to mexico surely before the republican presidential nominee is slated to give a speech on immigration in phoenix. are nearing the halfway point of the trading day. let's head over to the markets desk. lastil: it looks like the day of august is a down day for u.s. stocks. three major averages all trading lower near session lows. these losses are somewhat modest, but importantly for the dow and s&p 500, today's declines have put these two indexes on pace for monthly declines. for the dow, the first since january. s&p 500, the first since february. we have a few hours left. one pressure on stocks today is certainly oil. oil absolutely plunging after department of energy data earlier today showed surprise the old. three-time expectation to $2.3 million barrels. we can see that fund. a correlation between stocks and crude. nejra: we just got some news. i

. >> david mckenzie joins us live from johannesburg, south africa, with more on this.ich just seems extraordinary. how did they get them ready for the olympics? >> it was a real privilege to spend time with the refugee team in their training camp. you're right. not only have they never competed. some of them were not even runners. they were picked from football teams in the refugee camps. some felt this was a good opportunity. what they did is took a truck through the camp saying, come, we're going to train. we're going to run. we'll have races, and the winners could be going to the rio olympics. and the contrast from that camp, which has a lot of problems, including security problems on the border of south sudan, and the olympic stadium where they will be competing in just a few days is quite extraordinary. some of them didn't have any kit when they arrived at the camp. it had to be donated. some runners for the shorter distances when they were given spikes to run on the track, they thought that was just a running shoe and went and trained in the hill ngong with that.

vonnie: we are going to take you from los angeles to johannesburg and cover stories out of the u.k.meeting dampening prospects for a rate hike, sending the dollar sinking. officials have pushed the odds of a rate increase this year back to below 50%. nejra: u.k. retail sales jumping more than expected after britain voted to the european union. sterling strengthening of the back of that data. self driving cars arrive in pittsburgh, pennsylvania this month, and uber is behind it. how the car service plans