the names on the cover just down the road out from the google play all from the op still have a good night's rest to all the latest news from around the world as well as push notifications for any breaking news you can also use it to send us some photos on video. from physical harm fox business software and in just a moment we'll have more world news on the top of the hour. have a good. sum up. what secrets lie behind the small. find out in an immersive experience and explore a fascinating cultural heritage sites. d.w. world heritage 365th. and gemini with demi

at any time kind of homey place the names. you have i don't like the full song to sing along to you see this to come from soup but a. song for the. interactive exercises. like everything is online and interactive benjamin to frame 50 w. . a global trend to cut interest rates catches on south africa's central bank is next to lower borrowing costs to bolster the economy and bring relief to a shrinking middle class. up much of a catch overfishing and climate change sap lake malawi vital source of food for the region. and fin tech successful fight for funding

a building based online bank account is germany's highest value stuff. for us all and that's to business south africa's economy is contracting so is its middle class that could cause tension. the south african reserve bank has cut interest rates from $6.00 and $3.00 quarters to 6 and a half percent it joins a string of central banks across of merging markets that are producing borrowing costs global risks are high and domestic demand in south africa is low indebted consumers are holding back from spending. is an estate agent in johannesburg. he sells apartments to the upwardly mobile in. one of the trendiest suburbs in the inner city currently rent out a property that i used to live in here. i heard that quiet is quite good in the area so i thought you know what we this is an opportunity and more income from this

year so i started doing that and i moved back home. because business is a bit quiet story is common as africa's most developed economy status and economic gains enjoyed since democracy in 1994 and 3 it. without any inherited generational wealth to fall back on middle class blacks especially run the risk of regressing financially. you've got a black middle class that in the end can not create sufficient wealth to move up the income chain if anything they risk moving down the income chain because they cannot service that it anymore they trying to trade down because they cannot serve as the lifestyle that they've created for themselves you know. they're saying to me the numbers paint a grim picture failing to absorb the rising cost of living many sub africans are

forced to rely on credit to survive ending up in debt counseling paid them while it has in demand the 25800000 credit active consumers of africa and in the 21st team 2016 painterly here about 6000000 of those we 3 math at least the manson areas but that number has gone up to 1111000000 so off the credit income the credit active consumers are actually starting to hear sounds even map. for cabello moving back to his grandmother's house and so we're told is not all bad. and he feels the good times will return with a bit of luck and hard work the leader said before it's amazing i just want to make . but then i see the positive in it because it's an opportunist been more time with family and just enjoy the little moments of them put in.

place for the future actually to push the business. through this whole chip of the economy of so that he could but with g.d.p. growth of only 1.2 percent predicted in 2019 good times may not be so close on the horizon that's going to have to have his head in capetown as what sort of relief will today's interest rate cut bring oh it's a shame because you're inside africa and that it is big news for her mania as well that this middle class you must realize that they pay a quarter of the income often on servicing their bets and servants and their interests come later don't doubt that they don't have a lot of financial space because the white of the finnish an off and middle class here in south africa you're already middle class when you're on just 200 euro's month so yeah it's a big relief any financial space on that kind of lot of money that you're in for

months of course is huge what's all this mean for south africa's racial divide. well it's interesting because the middle clause in the upcoming black middle calls that we've seen after 1904 in south africa has become a democracy has always been kind of healed is the benchmark on how is this the marquess you doing are we moving for us are our black south african actually gaining from this new democracy so that's the black middle class now is free can you get this lee is not good news for south africa and it is actually showing that although of course the racial segregation is long longer here you still have what they you know often call economic apartheid that still black south africans are the poor part of the populations that africa and white south africans are still the daily so yeah moving forward that african definitely needs to work in making sure that that black male calls will grow again and that we have more consumers and in that markets have how how what more can the government do to improve the situation

. yeah i know it's a debt that's really then has to be a long term vision the problem is that the unemployment the youth unemployment here is staggering and the problem mainly is that there are jobs look for skilled workers but most of the young south africans are unskilled and a lot has to do with education public schools they don't give sufficient education to to south africa and so we see kids leaving primary school and it a const sufficiently read and do math so you don't get the head start in life that you need to actually in the end when you're a grown up to get a good job so it's a very challenging and they hear that the government needs to look at it at the same time there are the global challenges they're obviously also having an effect on on south africa how how much is south africa as an economy dependent on global growth. no it's definitely

a dependent on global growth that we've seen as well that presidents are. post here he spends a lot of time looking for investment so receives a whore a horse that africa and south africa has a big mining existence and also dependent on under commodity prices so the whole global system of africa has seen the effect on its own economies so that at least today as i said it kind of does give people a little bit of relief this interest rate cuts also comes because the inflation is able izing so hopefully it's will get a little bit better for consumers now in south africa now cape town correspondent ellis thanks very much a lot of boats pulling up in the nets over fishing and climate change have sapped lake malawi it's long been a major food source for the region for years fish stocks have been dwindling it's damaging livelihoods in an impoverished country evening sets in it's.

a small port on the shores of lake malawi fisherman return after a day's work on the water fish are important here as a source of food and money. but the catch disappoints as has become the norm in italy buyers and fisherman the goats here for traders take the fish they have bought to be prepared for market the industry here is not like it once was overfishing has devastated the stock of nutritious fish that used to be the main source of protein. very big new it was easy to catch fish in the past but these days people find it difficult they can go fishing in the evening and return in the morning with only 2 tins of fish fish is now scarce. on sustainable fishing practices are one of the main reasons behind the reduction in fish stuck. the locals have resorted to catching smaller fish that are not yet mature that has made

the situation worse. people kill the smaller fish because of poverty fishing is their only source of money they're able to buy food only after selling the fish and that's when they kill the smaller fish. but overfishing isn't the only problem climate change is also to blame local said the rains on the lake have become more intense that makes sailing harder for fisherman malawi is one of the world's poorest countries and it has a long history of food crises the world bank ranks among the top 10 most at risk countries to climate change in africa as well so these are worrying times here and for the locals in santa there is considerable doubt as to what awaits over the horizon now through some of the other business stories making news she said ministers and central bankers have met with philanthropist belinda gates of paris to discuss how to reduce inequality and pledged more than 100000000 euros to help

women in africa play have bigger role in the global digital economy most of the funding will come from the bill and melinda gates foundation. the european union is fine chip maker of coke and $242000000.00 euros for what regulators call predatory pricing between 2009 and 11 the charges relate to the sale of chips at a low cost which the e.u. says was intended to drive a rival out of the market investor appetite for fin taking a vacation just keeps growing the german startup and $26.00 has made big inroads in mobile banking and has now become one of the most valuable fin takes in europe. 4 years ago and 26 was little more than an up without a banking license today the german company is one of the fastest growing banks in europe with more than 3000000 customers already signed up. n 26 is

a so-called direct or mobile bank it has no branches and conducts all its business online on like traditional banks it has just announced a fresh round of funding from a host of existing investors and tooting chinese company 10 cent and german insurance giant allianz this values the fin tech at more than 3000000000 euros making it one of the most valuable companies of its kind in europe it is the most valuable german startup on a par with other european success stories such as swedish online financial services company and transfer wise the u.k. based money transfer service all their high flyers include british pair b.g.l. and north which are both valued at around 2 and a half 1000000000 euros. and 26 is headquartered in berlin and recently launched in the us with plans to expand further in the coming years. so there is of expansion we are very much focused on the one that is deep enough to predict you know 24 you are words that were active in further what we have launched in the u.s.

last week so the. big investment into making it was 6 a big success in the u.s. these are heady times for the online bank but it hasn't all been good news for the company recently in march it was reported that a customer's account was hacked and emptied of $80000.00 euros while in may the german financial regulator baffin warned then $26.00 it needed to step up security measures to guard against money laundering so while the money is rolling in for n 26 plenty of challenges remain. so they could have bright and i think business with here.

not look all that appetizing. but they're very popular with barmaid. cucumbers. turia seen creatures are farmed in southern madagascar. the corning district ecological marine commission. didn't have

a good sale going to much. 60. 6. the 1st school in the. first clueless. stores grand moment to run a joint during a training on the journey. you know an introduction to. the rioting returns home. the 1st. this is dave happy news africa coming. in the next 15 minutes the deadly ebola outbreak in congo is now an international health emergency declaration by the death of you a child will bring more attention and aid to the outbreak boosting existing efforts on the prout. you don't you think somebody just. you don't know what

to do you know to good for you to bury that person you're still going to have.