it certainly sets up an exciting return leg in munich. you're watching these arenas coming up soon and it appears africa soccer scouts hands for the best players in nigerians over use africa meets a young footballer in lagos who is hungry for success. all right thank you so much for spending time with we here before the business news africa is up next i'll see you tomorrow. i'm secure that volume or not hard and in the end this is a me your not a lot of the year and more we will send you that. are you familiar with this. with the smugglers with lions of. what's your story. and what numbers and women especially in victims of violence in terms of take part

and send us your story you are trying in all ways to understand this new culture. another visitor nothing yet you want to become a citizen. in for migrants your platform for reliable information. a multi-billion dollar bailout for south africa's ailing energy provider as the ramaphosa government presents its budget the cat's out of the bag south africa's taxpayers to foot the bill for years of mismanagement but will it be enough to put an end to the crippling power comes. from the chinese government supports the harsh sentence dished out in tanzania against the chinese ivory smuggling. this is business africa. has

welcomed south africa's government today released his much anticipated budget for twenty nineteen 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 dollars bailout for the ailing state owned electric electricity has realty eskom to be spread out over three years as 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 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 from the 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 a minister said this is not a bail out we're just supporting them and ask them need to retain a money back but it is important of course to at least not get so that freedom's upset that they don't have electricity now also to get investors that as you said the credit rating agencies have been very worried i mean as a finance and as well that they have to have very difficult talks with them and that he hopes that the classes are not how will reassure at least the rating

agencies but the photos they have forced me want to hear from the minister are how their life will change and how their life will become better and he mentioned more money and that basic education and health but it's mainly jobs jobs jobs and that's a task that as you said the president really needs to tackle the upcoming elections and me. i was there 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 tons of 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 possible to expect anyone to survive on this by the paltry amount in 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 his book. as an unskilled worker with a high school education he owns the newly introduced a minimum wage which became sort of african law in january of this. oh i just got there at the spoke to the mission stay on preachin story that's what i do is upload 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. that's against you know i'm pitching it takes a toll it's the only size but i can afford and then on at ten point five as a lot of i get i cannot afford my 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 ranger dream which he pays nine hundred grand

a month the cheapest he could find there's no way to choose heating no running want us to using if i could turn it. so i said be difficult just to run yeah i can even bring make sure 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 doing that she's staying with my grandmother which i have to take out another thousand times 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 growth. freeze with the basics like bread milk and tea will cost at least fifty rand the minimum wage would equate to a good amount of my budget the little six hundred rooms to spend throughout the whole month i have to buy a groceries some time with this choose it a month i have to put children check and a lot of money on top of that that kind of enough for to buy myself to it's never going to be nobody. 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 let's let let's go back to alice in south africa for us. as

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 survive on this minimum wage but on the other hand some economists have actually said that one sort of might depress that because already high unemployment rate for them but they getting out more expensively people hired hire people and so common agricultural sector and so that progress wages have been where i watch much lower than the minimum wage so. it was the presence of the ac the government part that they're really fighting an uphill battle because of course people that are working on the living wage on the other hand also want to create jobs out of people that aren't the ones. of us from go there thank you very much. the government in beijing supports the conviction of a chinese citizen in tanzania as part of its own crackdown on the illegal ivory

trade young man was sentenced to fifteen years in prison yesterday in tanzania as doris alarm 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 poachers and smokeless. the sixty nine year old young from land 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 into a long career of training 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 you know what. 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 some of today's other business headlines from around the world so his bank u.b.s. has been fined a wreck or three point seven billion euros by a french court for helping wealthy clients with their tax evasion prosecutors say the bank help clients conceal assets in switzerland from tax authorities and frauds several banks top executives also received fines for their involved. chief technology. 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 living in a golden era of robotics with new developments out every single day. president obama trump says north korea has tremendous economic potential he was speaking ahead of next week's planned summit with. u.s. presidents that north korea's location between south korea and china was phenomenal and gave it a great chance of future battles. but while the world will again be watching with us any progress on the denuclearization local business owners in vietnam are also hoping for prosperity themselves one barber in hanoi has already grabbed his scissors hoping to cash in with what are widely considered two of the world's most unique gentlemens has styles 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 annoying you can have your hair cut to look like your favorite leader like the donald. but 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 us president is getting the finishing touches the famous ducktail and then of little bit of gel to make it all sit just right the hairstylist says he's doing his part for world peace. and 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's ace from the business africa team for more business news on background stories check out our website you know we don't call splash business also follow us on facebook twitter now stay tuned for news here on the show that's up next why the state checks on global ma su.

entered the conflict zones confronting the powerful. this week on big zoners of the annual security conference in munich. the. british chamakh okafor senate foreign relations committee consommé gigi's this transatlantic to my kind of house committee is the trumpet ministrations tonight zero. six zero for sixty minutes w five. people

for information. want to express g w on facebook and twitter and up to date in touch. follow us. this is the news africa coming out in the next fifteen minutes after last month's assault kenya is tightening its security to prevent another up stock from somali beast terror group al-shabaab but how exactly is a doing that will be speaking to kenya's cabinet secretary for foreign affairs. also coming out. nigeria's respray as a young footballer in lagos who is hungry for success. and which restaurant.