this is business africa and. as welcome south africa's government has today released his much anticipated budget for twenty nine thousand the first since the country emerged from its first recession in nearly a decade at the end of last year when the most hotly debated decisions is a four point nine billion dollar bailout for the ailing state don't elect electricity or zilla t s come to be spread out over three years as come now owes a whopping estimated thirty billion dollars in interest payments and operating costs credit ratings agencies say eskom is the biggest threat to the economy that hasn't expanded or more than two percent since twenty thirty the south african economy needs to grow faster to tackle the country's rising unemployment which is now slightly above a staggering twenty seven percent and as comes to power cuts helped to little to spur manufacturing in the country so eskom is finally getting the bailout it

needs let's check in with our south africa for us funded a fund joins us now as it will this bailout help and what consequences will it have for the south african economy slash for the south african credit rating and will it also help ramaphosa sway voters. well there was a help to keep the lights on i mean in a hospital we have seen that blackouts are in south africa that basically has come couldn't deliver the electricity any more so it is important that as they are obvious they are also to minimize the said this is not a bail out we're just supporting them and ask them need to retain the money back but it is important of course to at least not and so that becomes upset that they don't have electricity now also to get investors that she said the credit rating agencies have been very worried i mean as i finance and as well that they have to have very difficult talks with them and that he hopes and plans are and how will reassure at least their rating and agencies but the photos they have forced me want

to hear from the minister or how dare i change and how their life will become better and he mentioned you know invest more money in that basic education and health but it's mainly jobs jobs jobs and that's a task that's still up or so the president is ready to tackle our upcoming elections and me. as mr was just stay with us we come back to you in a moment because we want to talk was south africa's a minimum wage that officially took effect in january this year tom said by the government as a surefire way to address poverty and inequality it's projected that up to five million workers will benefit from the minimum wage of around two hundred thirty euros a month but critics argue it's impossible to expect anyone to survive on this by the paltry amount and one of the most unequal societies on earth a worker in the manufacturing sector in south africa showed you how he gets by on just three and a half thousand south african rand amounts. thirty year old implement congo works

forty hours a week as a packing assistant at a manufacturing company in northern japan as good. as an unskilled worker with a high school education he owns the newly introduced minimum wage which became so of african law in january of this. oh i just brought there at the spoke to the mission stay on printing stuff that's what i do it's a flow money. play live. when he clocks out every day he begins his one and a quarter hour journey home to tembisa township northeast of the city. as a keynesian now i'm pitching it checks it all is the only size but i can afford and that alone at that point five as a lot of doubt i get i cannot afford myself a car so now i have to spend a thousand rand on this kind of transport. he lives alone in a ten square meter rented room for which he pays nine hundred grand

a month the cheapest he could find there's no way to chase eugene no running want us to using a could turn it so i said be difficult just to run yeah kind of in premature interesting with me yeah there is simply no money for anything but necessities a common story for south africa's working poor. this is my daughter with her and then she's staying with my grandmother which i have to take out another thousand women for them every month out of my salary. analysts argue the minimum wage is a critical step in addressing poverty in one of the most and equal societies on earth. this level is below what is required for workers to meet their most basic needs on the other hand it will increase wages for about a third of the formal sector workforce or about four and

a half million workers and serves as a starting point from which over time we can increase wages to ensure workers' needs will be met. but for workers like import living on the minimum wage is a struggle with no end in sight especially when a simple bag of groceries with the basics like bread milk and tea would cost at least fifty rand the minimum wage that it would have to go out of my budget on little six hundred rooms to spend throughout the whole month i have to buy groceries some time with and students that among all i have to check and borrow money again on top of that that can even afford to buy myself until it's over two hundred minimum wage. but it's unclear at this stage if this move will do anything to the staggering unemployment rate of over twenty seven percent. sounds like it's too little too late let's go back to alice in south africa for us.

it doesn't sound very convincing does it and also what is the effect what economists have said on the unemployment rate. you know especially hard to supply on this minimum wage but on the other hand some economists have actually said that say one side of the press that africa is already an eye on the one that breaks for them but they do think war expensively hired to hire people for common agricultural sector in southern africa wages have. by much much lower than evidently so. was the presence of the a c. government part of their everyday fighting an uphill battle because of course people that are working on the living wage on the other hand also want to create jobs a lot of people that are. less fun go there thank you very much three governments in beijing supports the conviction of a chinese citizen in tons and them as part of its own crackdown on the illegal

ivory trade young man who was sentenced to fifteen years in prison yesterday in tanzania as dar es salaam as head of an international smuggling ring she also asked to pay the equivalent of around five million euros in fines the judge said this sentence is supposed to have a deterrent effect on poaches and smugness. the sixty nine year old young from now on will probably spend the rest of her life behind bars for a long time the ivory queen was regarded as a respectable businesswoman in tanzania where she's lived since the one nine hundred seventy s. she was even vice president of the chinese african economic council until the ramon career of trading in ivory was discovered. she said to have smuggled over eight hundred sixty tusks now she'll be spending the next fifteen years in prison in addition she's been fined the equivalent of five million euros. the judge's verdict is good for our country and for the whole world i want to warn

everyone who makes money smuggling ivory we will get you and hold you accountable you will no longer benefit from the illegal ivory trade now what is. the elephant population in tanzania has fallen by almost half in the past ten years down to forty three thousand animals the government says the elephant herds are slowly getting bigger thanks to the worldwide tough measures against smugglers. and to some of today's other business headlines from around the world swiss bank u.b.s. has been fined a wreck or three point seven billion euros by a french court for helping wealthy clients with that tax evasion prosecutors say the bank helplines conceal assets in switzerland from tax authorities in france several of the bands top executives also received fines for their involvement. the chief technologist off said amazon robotics has denied robots are a threat to humans time brady says far from putting people out of work automation

is creating thousands of jobs he also says they're living in a golden era of robotics with new developments out every single day. president donald trump says north korea has tremendous economic potential he was speaking ahead of next week's planned summit with kenya on the u.s. president's that north korea's location between south korea and china was phenomenal and gave it a great chance of future prosperity. while the world will again be watching where there's any progress on denuclearization local business owners in vietnam are also hoping for prosperity themselves one bob. in hanoi has already grabbed his business hoping to cash in with a widely considered two of the world's most unique gentlemens has style walk. if you're not careful you might think that u.s. president donald trump and north korean leader kim jong un had already met in

vietnam but it's just the latest hairstyle crees in the vietnamese capital annoy you can have your hair cut to look like your favorite leader like the donald. i really like donald trump so i want to have his hairstyle. but if the trump look is not snappy enough for you there's always that handsome devil from pyongyang to copy especially if there's already a resemblance. many people say that i look like kim jong un and this hairstyle just makes it more obvious. the supreme leader looks just about done and the u.s. president is getting the finishing touches the famous ducktail and then a little bit of jail to make it all sit just right there hairstylist says he's doing his part for world peace. hanoi is a city of peace when donald trump and kim jong un decided to come here to talk

about restoring peace and i think i should do something to show that people here welcome the summit. so if you're in hanoi for the tete a tete get yourself a peace loving hairstyle that's a cut above the rest. tough choice that that says from the business african team for more business news on background stories check out our website you know we love call slash business also follow us on facebook twitter and also june fourth well news here on the v.w. that's up next right after this quick check on global mom.

what's the connection between bread. and the european you. know guilt montas d.w. correspondent and avid baker crap. and let's go about recipes for success. strategies that make a difference. baking bread. on g.w. . here's what's coming up for the book going to sleep you have plenty to talk i fear . it's one thing to look up and all that means for the taking of course. the fund is legal every weekend here on w. .

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this is the w.'s live from berlin the call for help saudi women in germany who say the flood of us at home claims they're still not safe to study going to seeking asylum in germany alleged show that they're still being threatened by their families and they claim the country's embassy in berlin is complicit also coming up start quickly warning from vladimir putin you know who has taken a combative tone with the west in his annual state of the union style speech but he also promises russian.