climate impacts me turn greater than me so you know. it's really frightening. why aren't people more concerned. little yellow boots shorts me through the first d.w.i. . africa's most developed economy is running on fumes good south africa is about to reelect the same party that's governed it for the past twenty five years to get it actually turned things around will talk to an expert. and b.m.w. profits plunges and sets aside a massive chunk of money to cover a possible even find delegation losing the details we'll have. also on the show from popcorn vendor to airplane builder so why did police in pakistan clip his wings stay tuned. welcome to business i'm stephen beers in berlin

thanks for joining us the african national congress is on course to win a sixth term as the governing party of south africa on wednesday that despite the country struggling economy and growing complaints of inequality president cyril ramaphosa who's expected to stay in office has promised to spark growth and deal decisively with the country's twenty seven percent unemployment rate a statistic that translates to more than half of the country's youth being out of work. the african national congress is trying to secure a sixth consecutive term in africa's most developed economy a candidate in the may eighth election cyril ramaphosa has promised a new dawn after a decade of decline which has seen south africa regress so fast that only countries at war have fared worse. we are well into

your we are. for first time voters like boy two mil or. who holds a degree in hydrology the prospects look bleak the country has just emerged from a recession and growth is only expected at one point five percent in twenty nineteen. good to eat at last year and i have been unemployed for over five months now and why would i be avoided this year i'm still kind of but decided that. the stifling economic climate is strangling the private sector and many businesses like this security company staring down the threat of closure or bankruptcy. basically everybody just turning over three times the first minute it really isn't in context coming through the ones that we do go to and we don't we just don't get . the space in the last twelve months we've gone from having three percent down to

keeping this one up and analysts argue a turnaround won't be easy in an economy with more citizens on state welfare than taxpayers. over the past ten years the government under in the c.n.n. in the name of c. has been focused not on growing the economy paying attention to economic issues are all the new to the state starting from the president doesn't goods unlike the first half of the season from ninety ninety four to two thousand and seven i believe god. is adamant that his lofty talkative one hundred billion dollars in foreign direct investment over the next five years will set the country on a new trajectory. beyond these elections the level of confidence in the business community will go high and they are telling me that as well so they are investing a lot in what happens after the elections had won the election. they caught

on they would take all would be able to walk in life more investment into our country no way. it'll be a challenge even for the man nelson mandela had hoped would succeed him. and let's talk about this more i'm joined now in the studio by units health of the german african business association unit sirena foes a says that investors should trust him to turn around south africa's economy what are investors saying and this is a saying that a person alone is not enough to have to trust the whole country i believe and that makes it a little shaky at the time being there was a big investment conference where they raised like another eighteen billion euros so one set of water on the plus side wants for the next five years which is quite good. but is the next step what's to come afterwards we need a lot of trust we need a lot of fast on the policy and the party and the outcome of these elections we've

seen in the past year that emerging economies like south africa like argentina like turkey have been hit hard because of global investor sentiment how much of what's happening in south africa is due to that and how much is because of their own problems that they've created. well i think i'm not an expert on argentina that i think in general it's the countries that self that make things difficult the policies that are rising are very difficult corruption is a big issue dependency on single industries make people a bit wary of the situation on the ground and especially corruption is the big thing and zuma has been not doing a great favor to his country at the time being or at his time and now ramaphosa has to see what he makes out if it but he's been taking good steps he has been putting new people and high positions of important agencies like the south african revenue and services and prince accused of this is agency so that's

a good step because it says that he is willing to change things and also to get rid of some people you mentioned a jacob zuma his predecessor ramaphosa its predecessor also a member of the african national congress party has been in power for twenty five years the economy is going down right now why does it keep being elected back into power well first of all democratic elections have it that we wait for the results on wednesday or attempt days after so even if there is a widespread on the results on the expected results i think there's little alternative. still is the freedom party the party of live race and. the opposition has little alternative to offer what you have the. democratic alliance is trying to get a new image it is still the party of the white. economic freedom fighters to the left wing to radical to populist so there's a not not a lot to choose from and that makes it difficult and that will also support and see

. alternatives you don't know if one from the german african business association thank you so much for joining us thank you. over germany where b.m.w.'s first quarter profits plunged as it booked a one point four billion euro charge related to an e.u. probe german car makers said the charge brought quarterly profits down to five hundred eighty million euros that's around seventy five percent less than the same period a year before last month that warned investors that a big find from the european commission was likely on the way brussels alleges b.m.w. colluded with and volkswagen to avoid competing on emissions control technology. let's talk more about this with our financial correspondent conrad who joins us now from frankfurt conrad at the center of this is cartel law which could be sort of complicated can you explain how is it being applied to german carmakers like b.m.w.

well stephen the e.u. commission the n.t. trust watchdogs of the european commission saying that the comic has formed a cartel by discussing industry standards for diesel and petrol engines and that they that way agreed on what kind of industry standards they want to promote that's way the card the cartel authorities a say the comic has prevented innovation and that's how they formed a cartel now margaret vest the competition commission off the european union herself admits that this is kind of stretching it that this of course does not fit the traditional perception of a price cartel still best doctor is convinced that this was a cartel and that's why the car makers b.m.d. b.m.w. among them have to pay those significant fines so

a cartel to prevent innovation is an interesting idea and of course we have to ask how are investors reacting to all of this. well stephen the share price of b.m.w. today is down slightly and if we compare the price today with where it was before you know the first rumors about those fines came about then the share price is even trading a little bit tired so i think it's fair to say that investors can live with a one time fine payment let's not forget there are many other factors on investors' minds right now among them of course the u.s. china trade spats. the b.m.w. is one of the big car produces in the united states it's selling many of those cars in china it's you know production lines have already been affected quite significantly by the terrorists so future profits very much endangered if the

situation between the u.s. and china aggravates a bit more and you know it's affected more of that compared to a payment on one part time payment for cartel five hundred boos in their force in frankfurt thank you conrad. agrees in china have recovered from yesterday's rout of the news that chinese trade negotiators will travel to washington this week despite the new threat of tariffs u.s. trade representative robert light huzzard said china had reneged on earlier commitments something he called unacceptable. treasury secretary steven nugent said new information had emerged over the weekend and that the entire u.s. trade team had urged trump to apply the tariffs if a deal was not reached by friday. now he is a popcorn vendor who dreamed of building a plane it's a bizarre and fantastic tale that actually happened in pakistan a country where millions have no access to a formal education take

a look. it took years and ingenuity for mohammed five has to put together his plane the engine comes from an old stone cutting machine the wheels from a rickshaw and the wings are made of burlap but the most important component was hard work and up to god i used to work as a security guard i would stay up all night then come home and sleep for a short while then i would spend some time on the plane and at the same time i'd sell popcorn to i wanted to save as much money as possible and as much as i could so that i could build this. he also sold a small piece of land and took on micro credits into the scrape together enough money for his dream of flying he learned how to build a plane on the internet and then he took to the skies the board i bought it was always at least half a metre off the ground it flew for about two to three kilometers before landing.

since he took to the air mohammed fayyad has been a hero in pakistan visitors come from across the country to here is story including members of the air force and well the police too they came and confiscated his mini flying machine. the plane was returned to him as a goodwill gesture should he octane a flying license or permit he will be free to fly the plane. he's grounded until that happens but his fame in pakistan is still growing for many people his story is an inspiration. that's in the business you know berlin thanks watching.

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indoctrinate. to listen. plus ninety connect to an. unbiased agenda subscribe now on you tube. hello and welcome when looking into the future of our culture today how are we going to deal with artificial intelligence and how it will deal with us also coming up the future of modeling with a c.g.i. model called should do becoming a social media star. and then one hundred german must reads david leavitt's on a controversial book about the plight of women in. ruled by glorifying the

strongman is beginning to crumble among the many defeats we live in an age when we all have some sort of digital footprint a lie that i mean once you use the internet all social media basic aspects of your identity all no longer private they're stored online also official intelligence so i can then take advantage of this in many different ways so scientists at darmstadt university here in germany are trying to find out if they can teach a machines some sort of moral code should people know this is a bad thing to do for i could type. yes why not the moral choice machine analyzes masses of texts written by humans and determines which combinations of words appear together most often it's answers based on that analysis.