i also wanted to thank south africa the things. i oftentimes cannot come pleaded with 11 propositions added to it. south africans are also members of the north number and come chinese a seizure. >> what's the reaction to this news? some of the human rights organizations, as well as south africans, democratic official opposition party in south africa has not taken south africa to court saying that minutes of international relations had no place in the phallus -- in the policy to help you communicate. it was described as astounding. organizations inc. is a take back to human rights. not only in south africa, but also on the african continent. >> thank you for that. there are less than three weeks to go in the u.s. presidential race. mccain has been bruising. hillary clinton and donald trump took time out thursday to trade jokes at an annual charity cymer. >> it is an american tradition. a strategic moment that gives candidates a chance to lighten them move by putting away their claws, and poking at each other. after he took the mic a

and, south africa calls it quits.nts to leave the international criminal court that prosecutes war criminals. the icc ordered south africa to arrest the wanted president of sudan last year and pretoria has resented it ever since. anchor: thanks very much for your company. dead in the water. the ceta trade deal between the e.u. and canada seems to have sunk without a trace, as the canadian international trade minister walks out of talks in brussels. all this after frantic efforts to persuade the belgian region of wallonia to reverse its opposition to the deal. , but it refused so the planned ratification by, e.u. member states next week now looks unlikely. the e.u.'s trade commissioner is perhaps whistling in the dark, saying she still hopes to find a solution. reporter: it was day two of the summit in brussels, where big european decisions are usually made among leaders of e.u. member states. but this time is different, and it is as much about discord in the -- says much about discord in the e.u. when the small belgia

this is about south africa. this is the rand and these are the big banks in south africa. g against every single major currency in the world. that's the most since the day after brexit. it's more than two standard deviations below its main after south african prosecutors said they will prosecute the finance minister for fraud. they have summoned him to appear in court on allegations he legally authorized early retirement and established an investigative unit when he headed the tax agency almost a decade ago. this matters because it could happen that standard & poor's cut its rating. it's at saying distraction. a negative outlook. it says it is focused on south africa's economic and fiscal outcomes. keep an eye on these assets in the next few days. this has to be one of the charts of the day. this tells us everything you need to know about the global bond market. value of the negative yield bonds fell by 10% to $10.7 trillion. the record in june was 12.2 trillion. the total was 476 billion. japan accounts for almost half the world's total of negative bonds. 44% comes from we

south africa is willing and able to pay.e going through a difficult .atch economically speaking our belief is we have bottomed out and we are not moving into recession. we look forward to better times in the next few years. tom: bring up the chart again with the decline of the gdp, and this goes back to durban and the heritage. industry that is unfortunately my stereotype of south africa, link the mining industry into your future success. usedn: the mining industry to be very important and still is in export terms. notwithstanding the fact that we have had a demand decline, particularly from china, but is is a small part of our gdp. there are other sectors of the economy have been growing and can grow into the future. agriculture and reprocessing, many american companies are invested. -- latest invest meant is an investment is in chinese companies building small cars on the african continent for the first time. we move into space technology innovation and science as well, including benefiting from that depreciated brand and

we are also getting breaking news out of south africa. is is the south african falling on reports the finance minister, on the show just a arrested.will be the south african rand is falling 3%. i will get the chart up and we will follow the breaking news closely. ♪ francine: i am francine lack what here in london. over the last six minutes, there has been a sharp movement in ram, weakening as much as -- movement in rand, weakening as much as 3% against the dollar. south a report that the african finance minister, who was on the show last tuesday, will be charged with fraud. we understand that in johannesburg, there is now a briefing with the police, and as soon as we have news one way or the other, we will bring it to you. last week when he was on the program, he was asked repeatedly whether the probe means that his job and the stability of the south african rand will be at risk. that heme three times did not believe in it and had not been kept up-to-date by the police whether they were still investigating him or not. this was only last tu

he's in johannesburg, south africa. thanks for joining us. why did south africa take this step? >> south africa made the decision to leave the international criminal court because it did not like the court's decision that south africa should hav should have ae sudanese president, omar al-bashir, when when he visited south africa more than a year ago. and south africa said the court should not be telling it to arrest sitting heads of state. there should have been diplomatic immunity. so they said they don't like that-- what they called interference-- from the i.c.c. >> sreenivasan: coming on the heels of the withdrawal from burundi, is this part of a larger trend? >> well, that-- there are many that are worried tathis-- that the two-- that the decision of the two african countries to leave the i.c.c. this week could set off a movement where several other african countries withdraw from the i.c.c. already, the african union, which represents all 54 countries of africa, has said that they don't think that the i.c.c. should press charges against any sitting head of state. and uganda

and i have never seen anything like south africa.didn't know is ranching game. so you have rhino ranches. that is one of the saddest photos to me, you know, to south african, the owner of this ranch, he's incredibly proud, i'm saving rhinos. to me, this is the comeodd if i kaition of a species. these are rhino that are assets, the horns are cut off, they grow back, they are cutting them off, stock piling them hoping to sell them for millions and millions of dollars on the asian market. and to do it, they're having these rhino live like cat el. >> yeah. >> and these are buy logically dead, they're not part of ecosystems any more. it's not just rhino. they are doing it to stable, pick your species that america wants to hunt and they're turning it into a farm. >> trevor: when you have some of the more grew some stories and we show some of the people the pictures, i don't show you this to shock you, i show this to you to make you understand the graferrity of the situation. and also how brutal these people are. there is a man you talk abo

this is the cds of south africa in the white line, and insidious of turkey in the blue line, which is already rated junk. the goldman sachs managing director and head of their south african office joins us from paris. colin, always great to see you. better insight into what is happening in south africa. let us break it down, short-term, long-term. i mean now until the end of the year. the south africa face an inevitable downgrade? good to speak to you. when we last spoke, i think i did warn that if the minister was charged, it may lead to the rams being hammered. that was the case. beingmay lead to the rand hammered. the asset value impact was less the expected, and i think market was relatively acting in a very benign way to the events. in other words, i do not think that the market is factoring or discounting a credit rating downgrade. next elieve that in the period, there will be a review of standard & poor's, moody's, and other rating agencies on the south african story. and by the end of the year, they will determine in the early findings.eriod their i think the red line is effec

angie: there is a new twist in the top-level political risk in south africa. prime minister has been ordered to appear in course on fraud charges. the charges relate to the retirement and reappointment of one of his colleagues. the finance minister from 2009-2014. we are joined by the treasury director from pretoria. us,k you so much joining treasury director general. how does this affect the planning for the midterm budget for south africa? >> good morning, angie. it does unsettle things a bit, but the 26th of october is the date we sought and we will remain resolute to make sure that on that date, we are able as a team, led by the minister, to table yet another midterm statement. angie: we have seen the rand weakening against the dollar most of three months. we have seen it affected by this controversy. what affect does this have on investors and investors confidence in south africa? what have you heard? lungisa: i have already received some calls from some concerned investors. normally meet when we go on our roadshows. some of them met in new york. the side

those have yet to be discussed in south africa.hen they are, we will be happy to complete -- vonnie: the reaction from investors in new york -- we spoke with one of the largest lenders. he said they were stopping lending until the situation is clarified. have you seen much of that? nicky: not expressed like that. -- theys are looking to have not focused on the minister as an individual. vonnie: thank you for joining us. why he's hoping the treasury department will help them avoid criminal charges. that's next. this is bloomberg. ♪ david: you may have never heard of -- he is wanted on criminal charges in greece and is currently hiding out in maryland. we spoke with matt phillips about this story. how did this unknown in economist come to get a very big job in greece a few years ago? >> this guy spend most of his career working as an of security economist in washington. in 2009, as he was watching the european debt crisis unfold and his home country of greece was at the epicenter, he felt the desire, the patriotism to apply to a job

aree demonstrations spreading across south africa. this is more than a demand for free university education. it is indicative of vigor problems over questions of inequality and -- bigger problems over questions of inequality and race. here an 18-year-old law student brought her up. monty in south africa. funds notere are used appropriately. reporter: she just wants to go to class. her aunt struggles to pay the fees despite the adversity. goingught everything was veryone.sy for e president zuma and his african national congress have been smeared by scandals and allegations of corruption. freedom was not supposed to be like this. >> people are saying that we do not think what is being done to redress the past is adequate. the government, instead of responding to our legitimate grievances, is ignoring us. reporter: there's little sign of the protests fading with more demonstrations planned. ins is an important time south africa's coming-of-age. berg.ews, johannes katty: you are watching "bbc world news america." still to come, from leake

fair or not, south africa is often jokingly called "africa light" or the "civilized africa." whatever you call it, all i know is that for me, south africa was a good spot to begin my african adventure. join me as we explore the gateway to africa: south africa. travel. for some, it's a luxurious escape, or maybe an adrenaline-filled adventure. but if you're like me, it's a precious opportunity to discover and to give back. it's time to get real. it's time to get raw. it's time for "raw travel." johannesburg, or jo'burg as the locals call it, is the business hub of south africa. but tourists often keep visits short,

miller went to south africa. where?at gary johnson that miller was bust, he would say, i thought he was a guy. >> no, no, no. if i said that miller was abroad, he would say, well he's free to use any bathroom he wants. >> i appreciate the chuckle. 3,000 miles away. >> right. so he thinks aleppo is the marks brothers. >> what, you don't understand english? >> you missed the vice presidential debate. come on. that's the kind of excitement that only comes along once in a lifetime. >> well, down here, talking to some of the local today and they did ask me about pence and down here he is about about the whitest man on planet earth. >> and you said some. >> i said tim kaine is right up there with him. >> miller, have a good time. thanks for phoning in. we appreciate it. >> thanks for having me. >> he's going to frighten the lions, miller is. >>> up next, wild segment. the tip, moment away. esurance does auto insurance a smarter way. like their photo claims tool. it helps settle your claim quickly, which saves time, which save

- africa, home of amazing wildlife and colorful cultures. ir or not, south africa is faalledn jokingly c "africa light" o"civiliz" r alor me,ow is that fll it, south africa was a good spot to begin my african adventure. join me as we explore the gateway to africa: south africa. avel. for some, it's a tr luxurious escape, or maybe an adrenaline-filled adventure. but if you're like me, it's a precious opportunity to discover and to give back. it's time to get real. it's time to get raw. it's time for "raw travel." , or jo'burg as the johannesburgl it,l

reporter: one of south africa's universities resembling a battlefield. police clashed with angry johannesburg'se vitz university for a second consecutive day on tuesday. tear gas and rubber bullets were used to disperse protestors and prevent them from disrupting classes which resumed on monday was closedniversity for a whole month. in place to extend the last weeko weeks and he are saying that the option of brought is basically to shut down. that would be unfortunate for everyone. reporter: protestors are demanding free higher education studentsincluding for who come from wealthy families. afters erupted last month a government proposal to raise university fees up to 8% in measure who protestors say will especially affect poor black students. president jacob zuma announced interministerial committee to study the students' he insisted the state cannot afford to pay for families.rom wealthy >> it would be very difficult to the government for a child of a parent who has every means to pay. it don't make sense and i don't think there's any government in wor

is he touring south africa where we caught up with him on the phone. >> so, miller, you are in south little sheet here the place that you are staying and the owners say that you can explore orchards and vineyards and a cheesery. >> this is actually where they make velveeta. [ laughter ] i'm sitting here and i have had a little bit of the aforementioned grate. ugh boots, lion cloth. factor gear. i think your crowd will appreciate that because they know i'm perpetually pissed off. >> i don't know what we are yelling about. >> bill, did you ever think it would come to a time in history where i would have to leave the united states and go to south africa to escape racial tension? [ laughter ] >> i don't think anybody got that. are you going to see the animals in south africa? yeah. i'm going out on to the -- b-e-l-d-t. that's below the grass lands. i'm hoping to the see the big five, rhino, lion, elephant, the bernie sanders fans -- >> they migrate to south africa, the bernie sanders people. >> how do you know that? >> do they ask you about the crazy political scene? >> you know, it's fun

. ♪ vonnie: we will take you from washington to london and stories out of wall street and south africathe british pound extending its slump. the u.k. is headed for a so-called hard breakxit. the imf warns that rising political tensions over globalization are threatening to derail a world recovery. chief economist joins us on the world economic outlook. south africa's finance minister says the police investigation into him is nothing but political mischief. more on his comments ahead. let's take a look at some of the market movements now. we are seeing a reversal from yesterday. 50 points at 18,000. moving. the biggest the nasdaq is up .4%. apple hired. google has an event later on today and we may's he a new phone. in terms of other movers today we are looking at currency. is dollar index strengthening once again. stronger by about 17%. you can see the dollar index up today. the pound is that it's lowest in 30 years. as iss being impacted oil. mining is one of the major movers down almost 6%. that's about 30 minutes into the trading session. let's look at where european markets are. ne

we in south africa will resolve these difficulties.e go to our johannesburg euro. help us on -- johannesburg bureau. what is he being charged with? >> we saw that the national prosecuting authority held an impromptu press briefing saying that the national prosecuting authority is looking to lay on charges of a legend fraud against the finance minister -- -- of allegedly fraud against the finance minister. essentiallyation involves allegedly illegal of his retirement that may have amounted in 1.1 million rand of public finances t.ing wastefully spen it seems there are two parallel cases being conducted by the national authority into the finance minister. alix: what is his response? what is his defense? >> we got the sense that he was completely taken off guard by policemanhat a presented himself at his house to get his family a summons that he is due to appear in court on november 2 on charges of alleged fraud in connection with allegations he may have illegally authorized early retirement of a colleague. questions are coming as to why

south africa will get hit harder. why the basket? at model perspective, the returns -- you had until september 1. that is ultimately supported by the fundamentals. guy: everyone is seeking carry. year, everyone was shying away from the emerging market. or the longer emerging market. the dollar is everything. -- wheren tell me if the dollar will be at the end of the year, i will tell you where your performance will be. caroline: dollar is everything but what has also been everything of late is long duration. a trade that is being unwound. austria is coming out with potential 70 year bonds. or thesehe appetite long-duration bonds coming to market? >> the market has appetite for it. i wasai last week observing how saudi arabia went to the market with the biggest emerging market deal ever and was priced very nicely by the market itself. overall, we cannot ignore the fact that 90% is still chasing yields. we are really seeing this as a process where you need confirmation. happens,to see what that is important to see what happens in nether

south africa's rand tumbling since june.

. >> >> the party that works and with south africa with nelson mandela. ith the late anglo-dutch one the nelson mandela himself of the south african communist party there is an interview at the diversity of the connecticut store a few days ago about an inmate in cellblock number seven nelson mandela was number five for maybe it was the reverse but: picasso, a great irish writer, so i don't run in horror from the dia. >> host: with your books it seems the theme of communist and african-americans 51 that's true. in although you may notice right timor about slavery. but in some ways it is more difficult to write about slavery in the united states and communism that i do which is interesting. because slavery, that is a difficult question for people to grapple with. with that uplifting narrative for what happens to africans. it is easier to try to glide past that but but including a book about hawaii. in the labor unions taken not remember the subtitle. [laughter] >> where i talk about white marshall data -- mom or davis that is too numerous to mention because

south africa. new zealand. canada. and for that matter, the united states of america.ohn britain get on? remember 1938? the yankees won the pennant. wrong way corigan. last train on the 6th avenue hill. well, john britain got excited about the same sort of thing. the derby, or as he would say, the dahby. his job. his kids. getting his exercise on his day off. taking the football. only 300 miles away people were cheering another kind of event. and in london and every other british city in town, they read about what was going on in europe and got sore about it. but they were also pretty well determined to keep it none of their business. then this looked bad. the czechs have a mutual assistance pact with friends. and france had won with britain. this might mean war. even though everyone was anxious to avoid it. they had been through one war. hundreds of their brothers and friends had been killed. there was nothing beautiful to them about war. and they had no desire to another. >> in a last desperate effort to preserve peace, the prime minister today flew to munich. >> all

mark: some breaking news on south africa. one point 3% mouse strengthening after south africa's prosecutor says he is going to reconsider the prosecution. account whatinto he has to say. this is bloomberg. ♪ a few more clouds here than in london. you are watching bloomberg markets on bloomberg television. alicia parens he more from the newsroom in new york. alicia: meeting with john key, both nations are trying to take a lead on pushing for cease-fires in yemen and syria. france says the only way to end the fighting is by resuming the political dialogue. the u.s. is reviewing support for a saudi led coalition after the bombing of the funeral killed about 140 people. 1200 morehas released e-mails from clinton campaign chairman john -- this has outraged democrats. they blame russian state hackers and wikileaks leader for aiding donald trump. he says he is cooperating with an fbi investigation. activists say an airstrike, one syria hasgest -- in killed at least 15 people. at least 41 people, including five children, were killed

-- in court four charges against south africa's finance minister has been dropped.frican rallied on the news. let's take a look at the other stories we are tracking for you. the deal will create a company with revenues of over $32 billion. the merger has been approved by both boards and is expected to close in the middle of 2017. -- andity will be called will be headquartered in dallas and london. centurylink is buying level 3 communications for $34 billion. the two companies will help take on increasing competition. level three routes traffic across the web for the likes of netflix and google. and tesla's elon musk has unveiled a range of new energy products. they aim to illustrate the benefits of the company's recent solar city. a longer lasting home battery as well as roof tiles were part of the rollout. they are expected to hit the markets later this year. yearit has been a dismal for the tourism industry in the french capital. terrorist attacks, petty crime, and springtime floods put an estimated one million turn rests off from coming to paris. the tourism boar

he was from north carolina but he lived overseas included south africa, england and ireland.while he was in ireland the republican army left a deep impression on him. he saw the ira as an exemplar of the revolutionary movement. his chief criticism of the american white nationalist movement is that its goals have always been ill-defined and unrealistic. in a country that is majority nonwhite by midcentury he argues it is foolish to pursue a strategy that seeks to return america to a white majority population. instead he argues that by concentrating the assets of the white separatist movement, white separatist goals are more likely to be realized. beginning in 2003 he published a series of five novels based on the white separatists insurgency. the novels fixed all the exploits of the northwest volunteer army. and the scenario, america has been in terminal decline, outsourcing and other harmful economic trends have decimated the working class. the u.s. military was overstretched and bogged down in a series of inlets small wars in the middle east. that put the federal government

they announced last year that they intended to leave after the icc criticized south africa for ignoring court order to arrest syrian -- arrest sudanese president omar al-bashir. catherine clifford has more. reporter: breaking away from the international tribunal, it's postapartheid government hoped africablish, south initially threatened to leave the international criminal court last year. this followed a dispute when it ignored a court order to arrest sudanese president omar al-bashir, accused of genocide and war crimes when he was on it soil. the minister has submitted a withdraw,ice to saying the tribunals go against its diplomatic immunity laws. is under theca process of strengthening its own human rights and institutions and instruments, and our commitment is to continue to work closely with like-minded countries to ensure that south africa continues to be the beacon of light in the promotion of human rights. the president's government was facing a possible constitutional court defeat next month over its failure to arrest al bashir, however, it said friday that the legal battle wou

examples include the jim crow warem, the american south, the system of apartheid in south africa. some claim white river schism is little more than a faÇade adopted to make their goals seem more publicly acceptable by claiming to be separatists, white nationalists can present their aspirations in a way not unlike other ethnic movements around the world today such as tibetan independence movement. by cloaking their aspirations in self-determination verbiage they feel their movement is seen as more legitimate. let me give you some historical background on the white separatist movement. the 1960's was a time of great social of people in america. the vietnam war polarized the nation that bond the cold -- counterculture. eventually jim crow was dismantled. there were vigilante groups such as the ku klux klan that resisted the civil rights movement but ultimately failed. there were some people in the white supremacist movement that thought the country might actually implode under the weight of racial strife. they thought it would be impossible for blacks and white to occupy the same cou

>> we would touch south africa post the sell-off we had. over the recent days, because we believe the noise will abate going into the fiscal and december. so we believe we have enough noise. it's going to abate again. >> all right. thank you very much for bringing us that perspective. >> thank you. >> so noisy. so noisy. >> the race to the white house? >> just noise. >> mark cuban now saying that donald trump's brand is "done." the ax tv chairman and former friend of donald trump said this is just the beginning of the end for donald trump. and not just his run for the presidency, but his brand, his property, and his businesses. he's been scorched, and i think the whole thing has a real chance of going down with him. >>> meanwhile, donald trump continued to defend himself from multiple women who accused him of sexual assault. speaking in florida, the gop nominee claimed to have substantial evidence to refute the accusations and question the timing of the reports. >> these people are horrible people. they're horrible, horrible liars. and inte

south africa. wonderful stories. check out your destination for the finest things in life. up, how markets are bracing for the fed's next move and how they are bracing for the u.s. election. all of that with oppenheimer's john stoltzfus. it's 3:00 p.m. in london. we are down for the sixth consecutive day. we have not fallen for six consecutive days on the stoxx 600 since february. we are also down for the second consecutive month. we haven't dropped for two months since february. everything comes back to february. this is bloomberg. ♪ >> it is 11:00 a.m. in new york. from new york, i am vonnie quinn. mark: from london, i am mark barton. welcome to bloomberg markets. vonnie: we are going to take you from new york to johannesburg to cover stories of the united kingdom, washington, and vienna. national polls between hillary clinton and donald trump. we will get and investors take. growing lists of opec members seeking exemptions from a plant supply cut is seeing future fries -- future price drops. mark: south african pr

most of these large land animals are native to zimbabwe, kenya, namibia and south africa where thered 21,000 of them. but it used to be far more. since the turn of the century, there's been a huge rise in rhino killings. the global black market in rhino horn is now a billion dollar business. traders receive an average of $60,000 u.s. per kilo of horn. but while the battle against poachers is certainly challenging, it's not hopeless. >> africa was once populated by hundreds of thousands of rhinoceroses. africa's national parks have had to ramp up security because more and more poachers are heavily armed. the fight against poaching is turning into a war. the rangers in south africa's kruger national park don't want to be recognized out of concern for their families' safety. >> from years back rangers used to focus more on environmental stuff and with time there seem to be a switch of us being more military in some ways. like you can see, i'm carrying a rifle. >> there are often firefights between the rangers and illegal hunters. if the park employees manage to arrest poachers out hunti

and as many of you know, he later did the book on his time in south africa and now he has this fantastic book the last month of franklin roosevelt tropin south quite a few times to do research and i am more than honored and pleased to be able to introduce not only a great journalist and former executive editor of "the new york times," but my cousin. [applause] [inaudible] [laughter] >> he did a book called omaha blues which is a memoir and one time he sat with me and my co-author on our book called the race speech and said what's the working title of the book and i said at the race beat and he gave me this weird look and said sounds like a book about motown. i said yo you have a lot of nere is the former executive editor has published a memoir called omaha blues criticizing my title. [laughter] >> thank you, cousin. [laughter] i suppose i could make one up about how nice it is to be in georgia to talk about a book that tells a story that ends in georgia but then sadly in georgia but i also really don't have an answer to the question i am the most often asked about the book on franklin ro

from singapore to south africa to saudi arabia. this is bloomberg. ♪ caroline: this is "bloomberg best." i am caroline hyde. let's continue our global tour of the week's most important business stories in singapore, where they were crackdowns in the investigation of malaysian 1mdb.investment company >> singapore manager authority making headlines. they are directing private falcon bank to cease operations after arresting its local manager linking its trouble to the malaysia investment fund 1mdb. this is a bank that has been backed by sovereign wealth funds. we know about what has been happening with 1mdb with connections in the middle east. it is being forced to cease operations backed by a sovereign wealth fund. what is going on? >> all of that has been confirmed this morning. it includes three banks, dbs, ubs, included. not just falcon and imposing fines on all three. ubs is getting fined for 13 breaches. dbs find. falcon received the heaviest penalty. more than $3 million u.s. in fines. it was also ordered to shut operations. it

david: many thanks to have the reserve bank of south africa with us. is taking on insider trading for the first time in 20 years. we go live through the steps of the court and bring in the latest on what this could mean for wall street and enforcers. this is bloomberg. ♪ coming up, stephen whiting will be with us. largeste world's provider of exchange traded fund is cutting prices. blackrock will feature lower expense ratios on 15 stock and bond etf's. it is anticipating a new u.s. rule that may lead investors to put money into passive funds. coming up, we will talk with the global head of shares. twitter is expected to receive acquisitions this week area the salesforce ceo has been making the case to investors that his company should be the buyer. he sees twitter as an unpolished jewel with lots of potential. the british economy is still showing signs of resilience in the wake of the brexit to vote. ihs said it will cost more stimulus from the bank of england and the central bank had cut interest rates after the brexit vote. that's your bloomberg busi

how bad is that for south africa?ica has plenty of project -- problems even before you have political issues. markets pricing in south africa as junk. not booted much downside risk in credit. some of the structural problems will consist. for the bond markets, we will continue to see pressure. mark: this is a great chart. this shows even before he was charged. overseas investors were selling the nations bonds at the fastest rate. record flows in the first nine months but that turned a corner in october. are we seeing a change here? >> i think you may see a bigger thege going forward if south african rand continues to decline. after five years of significant depreciation which actually hasn't meant to much for south africa's exports. structurally you have an economy that remains high. some downside but it remains high. where growth is extremely weak and unemployment is extremely high. investors can lose some of their confidence in the economy. the currency can come under pressure -- pressure and the if thist does, polit

of cookie. >> in south africa, all the way in south africa. >> jimmy: are you kidding me? are you freaking out? >> my son was like, whoa, mom, that's huge. >> jimmy: it really is. >> i was like, yeah, pretty much, your mom's a rock star, kid. [ laughter ] >> jimmy: that's got to feel great, right? >> oh goodness, it was amazing, but i think what got me teary eyed when i went there is that they knew me before cookie and then i found this when we did the international tour everyone went to paris, they didn't call me cookie. they called me taraji. taraji. yeah, and they brought all of my movie jackets and i've been told all of my career that black doesn't do well overseas and i'm like, what? every culture does great all over the world. what are you talking about? [ cheers and applause ] you know? and so i get overseas and i'm like, i told you so. it's a myth. >> jimmy: a myth, yeah, they're ti >> they're painting me on the --. >> jimmy: the sides of buildings. yeah. yeah. i'm just so happy for you. i'm excited that you got this story. i will say the story is great, but the pi

risk and the junk latest from south africa with the finance minister. on why oilral bank went from the flow to the friend. >> and on the rebound. this is bloomberg. >> welcome back. a suggestion it will be flat at the start of the trading day. here is rosalind chin. >> investigators believe this latest incident of smartphones overheating may be the result of a different problem. company pulledn the plug on a premier phone. in the next decade. >> guessing how many products you will offer and how much we will see in the future and we may see a range of 25% in the next 10 years with the electrified vehicles and the internal combustion engine. >> reported quarterly profits and there isions fears the conglomerate is this model is running out of steam costs andutting of they confirmed the fat -- this forecast and the considerable the klein in sales. no market is off the table for said they could be looking at tokyo, london, and new york. going and webe will be looking at the rising it could recover more in the future. >> thank you very much. the charges have

. >> pelley: big game is big>> business in south africa, so the country is rejecting efforts to ban the practice of canned lion hunting. we asked debora patta to lookde into this controversial kill. >> reporter: a whistle gets the lion's attention just before the shots ring out. >> shoot him again! shoot him again! shoot him again! shoot him again! >> reporter: there is no way to a confined area, trophy hunters pay up to $50,000 to shoot them. it's called a "canned hunt." >> that's a lovely lion. " that's a lion, my boy. that's a lion. >> oh, god almighty. god almighty. >> reporter: derek gobbet was hired to film that hunt, but was so appalled by what he witnessew that he felt compelled to speak out. s >> wow! >> slaps on the back.! he's such a hero. a you've got your-- your-- your king of the jungle. meanwhile, it's all just a lie. >> reporter: canned hunting is a multi-million-dollar industry in south africa, and it is completely legal.bu but it's increasingly under scrutiny. >> eventually, this poor animalo is shot and dragged out of the hole. not something that anyone could really b