tv Business - News Deutsche Welle February 13, 2019 7:15pm-7:31pm CET
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this is. just. south africa as it faces some of its biggest protests in. unemployment and. the rest of the. world news at the top of the hour. it's time for berlin sixty nine film festival. we give you the lowdown on all the stars movies and gossip. girl enough twenty nine hundred every day on. we may come over
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we want tons of coffee that under the tree we are seven seven percent. want to shape the continent's future. partner enjoying african youngsters as the share their stories their dreams and their challenges. the since seven percent. platform africa. is a fourth consecutive day of power cuts. on employment with connections just three months away it looks like presidents are on the phone might have a tough time to convince voters. on the positives is do real damage
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to the. economy its innards. power company crippled by years of under investment in infrastructure and billions of debts. and mismanagement isn't limited to south africa as several other african countries find themselves on a new e.u. black list of the world's most corrupt countries. this is business africa. as well thousands of south africans have been taking part in strikes and demonstrations to protest the country's high unemployment and what they consider government inaction to fight is the congress of south african trade unions called its members of the strike which increases the pressure on government the government of cyril ramaphosa as the country gears up for general elections in may south africa has a near record twenty seven percent unemployment was the month with the mining sector in particular shedding jobs in recent years.
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is in cape town to enjoy joins us now are these strikes just about high unemployment or against the government in particular in general. well for a long time to have been kind of a general unhappiness with the government the naming of government park anything and seeing that they haven't done enough to dress unemployment issues that end inequality i think the main critique was mainly when jacob zuma was the president a year ago he was forced to step down his regime was corrupt and with a lot of mismanagement there was more hope that through our post of the current president would would turn the tide but we've still seen job losses namely in a mining sector and are still more jobs lost in the crowd so the progress now is coming because next week there's a budget speech here in parliament and sort of course are to any of these protests that are trying to pressure the minutes are flying and to create more budgets to create jobs for africa. thank you we'll come back to you in just
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a moment to talk about south africa's national energy company as home because on monday it has come in post pottage is to stave off a national black college in africa's most industrialized economy that affects businesses as well as ordinary citizens as calm supplies more than ninety percent of the country's power and is laden with more than thirty billion us dollars worth of debt and crumbling infrastructure that the situation at eskom now threatens to derail the government the government plans to lift the sluggish economy. is the factory manager and bottle print is one hundred fifty person strong industrial plastics and glass printing company in johannesburg. already navigating a recession in africa's most industrialized economy he must now contend with the load shedding mass blackouts that have returned to south africa after an absence of several years. the second time it's a protest this week because a major problem
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a production line basically a company comes to granny hall for four hours. state power company s come blames the current situation on a backlog of maintenance and. hey work. they claim they must shut down parts of the grid or the country will face a complete power outage. decision not generate that there's no not going to happen running but the problem is that there's going to any runoff and are making. their capital outlay to have this to run out thank you just like you can on the call but it's not the only infrastructure challenge the country is facing members of the south african national defense force were called up to restore a crumbling sewage works in the vaal suffolk johannesburg. soldiers are working around the clock to get the fifty year old sewage system disposing of if you intend recycling drinking water for several millions of africans up and running after a decade of neglect and vandalism. this units are dysfunctional because it's
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a local. operation and maintenance if they were maintained from the first time they installed them they wouldn't be in a situation they are now it's a poor governance basically you know it's up to work governments if their leadership must see to it the people desk up automate doing that supposed to do i think wouldn't be in a situation where. you know that they say if you start thought that they had. many of blaming south africa's woes on the scandal plagued tenure of former president jacob zuma you can think we must appreciate that many of the problems i inherited from the structural problems of the party but these have been compounded by ten years of the breakdown of accountability and oversight under jacobs of us government but there's been stabilisation over the last eight months and there's an eternal business confidence some degree of optimism but south africans can't wait for ever for things to improve. these challenges are adding pressure to an already
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dying economic situation analysts estimate at least two percent shaved of the country's annual growth rate every year due to its failing infrastructure with elections and only twenty nineteen new president. needs to turn things around fost well whether he'd be able to do that let's go back to cape town and ellis fund give a list south africa just introduces most severe lectures to rationing in nearly five years energy supply as come might the government bailout what effect will that have on the protests and in the upcoming elections well actually it is an issue that was addressed by the protests yesterday as well they're afraid that businesses will go down and that more jobs will be lost because of this crisis and also of course if you look at international investment who is going to invest their money in a country even if they have no power are part of what they will hamper today in case there was no problem or control clock now afternoon two to four thirty very
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important hours for businesses to run that right and basically exxon is going to be chemical in full and by april if there's no bailout about them and so filled local press is saying is going to turn things around says he wants to split eskom there's a utility company in three different entity means. that if they're going to do to help and in depth going to to cut it who is they're going to make sure that we don't have outage anymore and current point of president so big that the program might continue and that definitely are good for him going into the election in may and that means that the people might say well they vote against the as well for not not maintaining and mismanaging not only infrastructure and south africa well as the strikes but they certainly don't help what's a personal impression with these protests and these strikes starting other going to intensify. well we're going to there's already in our another protest planned next
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week when the budget speech will be held in parliament. i do see a lot of lot of discontent and south africa is that is a nation that's a lot of striking i mean that their protest and small protests in the townships almost daily and that's mainly done for from people who don't have water or electricity on a daily basis so there is a family under arrest in south africa and again as i said i do think that for the she might be punished these elections out of some doubt on correspondence in cape town thank you very much. and out of some of the other business stories making headlines around the world the u.s. has warned european allies against using equipment made by a chinese telecoms provider huawei secretary of state mike on pale said on wednesday it would make it harder to work together in germany and poland among countries considering banning products from wal-mart which is close ties to the
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chinese military. more trouble for german payment services provider y. a card investors in the u.s. have filed a class action lawsuit saying the company violated federal securities laws than those with alleges that why a car has misled investors but investors by not disclosing that an executive in singapore was under investigation for money laundering. china israel operators says more people have taken the train than ever before during this year's sprains festival travel rush more than two hundred million passengers put the country's rail network to the test many migrant workers have travelled home for the festival which began three weeks ago. american whiskey makers are feeling the tremors after a major overseas markets imposed hefty duty is on their products in retaliation for u.s. president all trumps tariffs on ellen minium imports one sleeve is from canada mexico china and the e.u. took effect the collective u.s.
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whiskey exports fell by eighty percent. your dirty money is not good here that's the message the european commission says it wants to send in releasing a blacklist made up of twenty three countries it considers havens for money laundering and terrorist financing several african countries feature highly on that list. nigeria is just one of the countries included on a proposed blacklist of nations the e.u. commission thinks isn't doing enough against money laundering and terrify and i'm saying others named and shamed include botswana and libya. the e.u. is justice commissioner very curious as the move is meant to warn the banking and financial sector to be careful in its dealings with the affected jurisdictions the e.u. must not be a destination for illicit money the e.u. financial system must also be called for money laundering and must not
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serve as an instrument for financing crime including terrorism and the blacklist has a ready caused controversy the united states treasury for one was swift to object to the inclusion of four u.s. territories some e.u. countries worry that the inclusion of saudi arabia will harm their business ties with the country. the european parliament has ratified a free trade deal between the e.u. and singapore and the hopes it will serve as a blueprint for future deals with african states the riemann aims to remove all trade barriers between the two economies over the next five years trade amounts to ninety billion euros in goods and services last year member states must still approve that measure. the party scene here in berlin is legendary not that i would know of my age but it's a big draw for tourists boost for the city
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a study shows that three million tourists came to berlin for their venues alone and twenty eighteen spending about one point five billion euros during their stays at hotels restaurants the clubs themselves every poll commissioned by the commission is said to be the first of its kind in the city in response to growing pressure on the scene including rising rents and. opening hours. and that's business africa for you for more you can always go to a website of course that's dot com slash business on facebook and on twitter if you don't already do.
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really such a way that conflicts in sixty minutes g.w. . takes personally i don't reckon with all of the wonderful munster that make the game so special. for all true for. my. audience because more than football online. this is deja news africa coming up in the next fifteen minutes young and portable means one nigerian woman who was willing to risk everything to escape augustine's much of this weekend's presidential election off but young people like her. on the scene in african women in london's exhibitionist.
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