year in wages. there forget you can always get news on the go just download our apps from google play or from the apple store they'll give you access to all the latest news from around the world as well as push notifications for any breaking news. all right if this is going at the top of the hour. not everyone who wants books has to go in saying. t w literature list. my street. i'm not off into the gym well i guess sometimes i am but i'm standing up in which the mistakes

deep into the german culture of looking at the stereotype of claret it's been interesting to see these are countries that i know. you didn't see me taking his grandmother down to eat because it's cold out. i might show join me to meet the gentleman from d.w. . post. the sharpest g.d.p. to climb and almost a decade south africa's economy is back in shrinking mode we'll go live to johannesburg for the latest also coming up taking the problem with waste to an entirely new level india's tallest mountain is on course to rise higher and the world famous touch my home. welcome to do business africa i'm chris coburn berlin good to have you with us the biggest economic decline in almost

a decade is worrying political and business leaders in south africa the country's economy contracted 3.2 percent in the 1st quarter now south africa's economy has already shrunk by the largest amount in a decade largely due to a decline in manufacturing and mining it's a major blow to president cyril ramaphosa who was reelected only a few weeks ago among his election promises a pledge to fight corruption and create jobs so far though his efforts to close the poverty gap have failed unemployment remains stubbornly high with one in 5 people out of work and while the country has posted robust growth in the past those times appear to be over in the 1st 2 quarters of last year the south african economy shrank there was a recovery in the subsequent months but the figures out today have squashed hopes of it continuing so what's behind this most recent slump in the south african

economy let's bring him philip vet in johannesburg he is an associate editor for business insider south africa philip good to have you on the show. south africa's economy is shrinking again how much of it can be blamed to the recent power outages that people and businesses have had to deal with. a fair amount we had a couple of 100 days of shooting as we called black outs and south africa that certainly have a direct effect also have been in direct impact in direct impact on the mining sector which couldn't run at full operation it had an impact on their cultural sector and because of some of their geisha that can be done and it had a significant impact on the manufacturing sector that secure is down 8.8 percent largely due to vehicle manufacturing being down so at the heart of all of this is the electricity crisis but then we also saw a large decline in household spending for instance spending in that quarter on clothing and footwear was down nearly 13 percent so south africans are keeping

their money tight south africans aren't investing in businesses and some africans aren't exporting as much as we had before and how much of an impact does this have south africans keeping their money together rather than going out and spending it. well that is that there isn't a great deal of confidence in the economy and that's one of the reasons that we worry that we might already be an era sation at the moment and we're looking at some of the purchasing manager indexes for instance showing that many just just on buying if they can help it we're looking at some of the capital investment fixed keppel investment numbers we're not seeing that fixed capital going into the ground at the moment in the agricultural sector they still and certainty about land tenure in a box way that they will be expiration without compensation so we're not seeing may get investment there all of which of course contributes to these economic woes method of president obama polls has vowed to revive the economy by attracting $100000000000.00 from foreign investors and by fighting corruption how far along on

this path are we. romo's as a number of promises but we haven't seen the money lead and yet and it's not clear to us that he will have the time for this money to have impact from uk was this plan really depends on foreign investment coming in that filtering into the economy as factories of bolton as in basement is made but in the meanwhile he's under a great deal of political pressure locally and within his word so he's got a very divided party that he has to deal with yes to show jobs now not tomorrow and of debts associate editor of business insider south africa thank you so much. u.s. president donald trump has offered the ok what he calls a very substantial trade deal once britain has left the european union on the 2nd day of his state visit mr trump met with prime minister theresa may and c.e.o.'s from the u.s. and u.k. companies with the ongoing uncertainty over british businesses are hoping to cement

. the meeting between u.s. and british business leaders went smoothly both sides cordially signaling they were eager to reach of bilateral trade agreement. to. take if they could. but before the meeting with business leaders the u.s. president tweeted big trade deal is possible once u.k. gets rid of the shackles already starting to talk by shackles the u.s. president was referring to britain's complicated divorce process from the e.u. trump a signal do things pretty should leave the e.u. without an agreement but is a trade deal with the u.s. enough to offset the potential losses that britain could face if it leaves the block without a deal the u.k.'s trade volume with the us is much lower than the amount with other e.u. countries in 2017 britain imported 11 percent of its goods from the u.s.

compare that to well over half from the european union well 18 percent of british exports went to the us a far larger 45 percent went to the e.u. . his suggestion is if brits behave themselves and make the kind of concessions that he would want we could have that deal in a heartbeat as i think one of his people said to me the question is what do they want in return for it and would that be a tool doable from the but your side i see a lot of problems that but britain is bracing for a future outside of the bloc securing shall we trade ties with other major partners will become an ever greater priority. zambian president has pledged to dissolve concolor copper mines r k c m the country's largest copper producer in a deepening dispute with foreign companies over tax and employment now the company is largely owned by time resources

a big commodities trader from india and that's where the trouble is brewing k c m is based in what is known as the copper belts in a region that straddles ambien and the republic of congo and has some of the world's biggest reserves of copper and kobold which is essentially 4 which is essential for bruce producing lithium batteries used and mobile devices and he cars now the government of zambia has made a move to seize control of the mining operations owned by the down time resources and now say that could disrupt the global copper and coble market zambia is among the world's top 10 copper producers it was forecast to account for 15 percent of the expected growth in supplies over the coming years but as the dispute between the government and the doctor resources is growing fiercer these projections are now in question and my colleague she pondered jim bennett who has being looking into this situation to ponder just to get the set up straight here why is the

zambian government taking on. one of the country's biggest private employees biggest investors. getting desperate at least is what a lot of analysts are saying this i'm in government is broke in terms of you know cash they need they need liquidity and moody's downgraded the country's credit where the nest to junk status last week which means but sensual of the country defaulting on its debt a much higher now than they were ever before so they could be to seize this mining operation in order to sell it and raise some cash which they are in desperate need of at this point your house is raul between the government and affecting the country as a whole well in terms of how it's affecting the country you know owns case you know which is the largest private sector employer so thousands of people around $13000.00 people work for the company and they're all worried about their jobs going forward they don't know whether they'll be getting paid in the future or they

don't know how things are going to pan out for them and that's one of the biggest concerns in terms of how it looks outside the country well so talking about investor sentiment this is obviously something that is being watched across the world in the commodities especially in terms of how will you know design government and if they do seize the mining operation it could mean that investors will fear it might not be respectful of property rights of investors right and if the government isn't dire need of cash this looks like it could be a pretty ugly fight here will there be a solution will there be a solution we don't know those 2 cases now going going on right now does the one in this i mean courts regarding to the creation another one in johannesburg the dons i submitted a case you know saying that they had violated the government violated shareholder agreement and that's in a nother country taken place in other jurisdiction and so that's 2 things going on and then the government the president has said that he will try to find a new buyer for the mines and so that means it's highly unlikely that the dons and

will remain in the country running casey and at this point us at least all we're looking at this point. of business thank you so much for coming into the studio and shedding some light on this issue. india is one of the world's fastest developing economies but economic progress comes at a cost we don't all that many of the country's urban areas are drowning in rubbish delis landfill has become a trash mountain $1.00 that could soon top the country's famous touch now. looming around the surrounding buildings new delhi's guys who are landfill dominates the landscape its dimensions are staggering measuring 40 football fields india's largest dump is rising some 10 metres vertically year. soon it's expected to top the country's famous taj mahal dumbs like this are the dark side of india's

improving standard of living. as you are more and more as you economy warms you are definitely going to buy more stuff and it's it's not rocket science to say that as you buy more stuff you want to resist more stuff you want to draw we have more stuff so that is the challenge of being in india. but it's more than just a blight on the scenery because of poor and other dumps like it regularly catch fire due to escaping methane gas taking days at a time to extinguish the also released toxic chemicals into surrounding areas causing everything from breathing problems to even cancer. most who give that up never thought you would i'm leaving this neighborhood because of my children i have 2 children at home one is 8 and the other 4 and both frequently get ill because of the pollution. like this will only get bigger and tackle them in these ways problem is likely to be a defining issue in the coming years. and

finally china is said to stockpile around $7000000.00 tons of u.s. produce soybeans according to media reports they were purchased just part of a truce in the trade conflict between beijing and washington last december normally they'd be used to feed china's livestock a trader saying china aims to store the song and news move that could mean beijing buckling down by flaw not conflict with washing. and that wraps up our show for more simply go to our web site at the w dot com slash business or check out our social media. thanks for watching and have yourself .

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discovery. subscribe to the documentary on you tube. this news africa coming up in the next 15 minutes or so downs military council says all form on interim government contracts general elections would end. up with all agreements console because as leaders what shot star struck the government top will be speaking to political activist. also coming up what drives me take a look.