britain stands to win a quote phenomenal trade deal with the u.s. once the country leaves the e.u. he also said the prime minister deserves more credit for her work negotiating a deal. you're watching the news from berlin coming up next you know you business with herself don't forget you can grab all the latest news and information around the clock by heading to our website w dot com i'm little rock n roll and i wish you a fantastic evening and. into. their super. many i think social a super secret then you'll be the jingling his points and super rich definitely around $20000000000.00 more or less. how do germany's wealthiest

people live why do they keep such a low profile. snoop around to catch a glimpse. of the good of talking the world to discuss the for super rich starts to to be doubly. sure that people are all done for g.w. on facebook and twitter was up to date and in touch. with. the sharpest g.d.p. to call on almost a decade south africa's economy is back in freaking mode of the live to johannesburg for the latest also coming up taking the problem boards waste to an entirely new level india as tall as frobisher mountain is on course to rise harder in. 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 in our just a mound 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 remain 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 phillip event 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 knockout scenes of africa that certainly have a direct impact also have been in direct impact in direct impact on the mining sector which couldn't run at full operations it had an impact on their cultural sector and because of some of their geisha can be done and it had a significant impact on the manufacturing sector that sector 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 the money tight south africans aren't investing in businesses and south 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 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 heiress ation 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 and about whether they will be expiration without compensation so we've not seen to make an 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 a $100000000000.00 from foreign investors and by fighting corruption how far along on this path are we. rollovers as a number of travis's but we haven't seen the money lent yet and it's not clear to us that he will have the time for this money to have the impact of all this plan really depends on foreign investment coming in that's filtering into the economy as factories are built in as an basement is made but in the meanwhile ease under a great deal of political pressure locally and within his word he's got a very divided party that yes deal with the b.s. to show jobs now not tomorrow philip develops associate editor of business insider south africa thank you so much yes 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 bragg's it british businesses are hoping to cement transatlantic ties. the meeting between u.s. and british business leaders went smoothly both sides cordially signaling they were eager to reach of bilateral trade agreement. 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 to things britain 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 u.s. 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 while 18 percent of british exports went to the u.s. 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 that which you cite 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 casey m. is based in what is known as the copper belts in a region that straddles amby a 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 booze 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 dons are 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 to ponder jim bantu 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. is getting desperate at least a lot of analysts saying this i'm going government is broke in terms of you know cash they need they need liquidity and moody's downgraded the country's credit worthiness to junk status last week which means but the country defaulting on its debt a much higher now than they were ever before so they could be trying 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 vidanta 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 are 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 there's 2 cases now going going on right now there's the one in those i'm in courts who got into the creation another one in johannesburg the dons i submitted a case you know saying that they had violated design the government violated shareholder agreement and that's not another country taken place another

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 will remain in the country running casey at this point is at least only looking at this point to ponder. 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. zooming around the surrounding buildings new delhi's goes into or landfill dominates the landscape. its dimensions are staggering measuring 40 football fields

india's largest dump is rising some 10 metres vertically a 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 order more and more as your economy warms you are definitely going to buy more stuff and it's not rocket science to say that as you buy more stuff you want to reinstate more stuff you want to throw or 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 in 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. measure geared up level 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 tackling india's wins problem is likely to be a defining issue in the coming years. and finally china is set to stockpile around $7000000.00 tonnes of us produced soybeans according to media reports they were purchased us part of a truce in the trade conflict between beijing and washington last december normally they'd be used to feed china's livestock with traders safe china aims to store the soybeans move that could mean. buckling down drawn out conflict with watch fox. and that wraps up our show for more signa go to our website at the w dot com slash business or check out our social media. thanks for watching and have yourself a. kick

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